September 10, 2009
September 10, 2009 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) is pleased to announce that exploration crews have
mobilized to the Golden Eagle project in northern British Columbia.
Golden Eagle lies at the southern end of the Tintina Gold Belt, which
contains many intrusion-related gold deposits such as Pogo (Alaska),
Fort Knox (Alaska) and Dublin Gulch (Yukon). The recent discoveries on
the White Gold property (Yukon) by Underworld Resources Inc. also occur
within the Tintina Belt.
Potentially high impact drill targets were identified in the recently
completed reinterpretation of the technical data for the north block of
the Golden Eagle project (“North prospect”), where a granite-related
gold system has been partly unroofed. The current field program is
designed to give better definition to these targets and to identify
additional drill targets for immediate follow up.
Numerous zones of structurally controlled gold-silver-arsenic-antimony
mineralization and gold-in-soil anomalies occur over an area of ~5 x 5
kilometres. The mineralization and the anomalies are related to two
major structures, the Ben Fault and the Paddy Fault, and to the
underlying granite-related gold system. The Ben Fault is a minimum of
3.6 kilometres in length and has never been drilled. The Paddy Fault is a
minimum of 4.6 kilometres in length and has not been drilled apart from
limited drilling (~250 metres) on the Skarn zone. This drilling
intercepted significant gold mineralization but it did not test the
underlying granite contact.
The North prospect contains an impressive number of undrilled,
structurally controlled gold showings. The Company believes this area
may host one or more bulk-tonnage gold deposit(s).
Troymet is a junior exploration company with precious and base metal
projects located in British Columbia and Manitoba, Canada. The Company
is actively seeking partners to advance its highly prospective
properties and continues to seek new projects with high-value and
large-tonnage potential to add to its portfolio.
Tracy Hurley, P.Geo., Vice President, Exploration and qualified person
as defined by National Instrument 43-101 is responsible for the
technical information provided in this release.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo.
President, CEO & Director
For further information, contact:
Troymet Exploration Corp.
Tel: 1-888-456-4952 or email@example.com
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release. This press release may contain “forward-looking information”
within the meaning of applicable Canadian securities legislation. All
statements, other than statements of historical fact, included herein
may be forward-looking information. Generally, forward-looking
information may be identified by the use of forward-looking terminology
such as “plans”, “expects” or “does not expect”, “proposed”, “is
expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “intends”,
“anticipates” or “does not anticipate”, or “believes”, or variations of
such words and phrases, or by the use of words or phrases which state
that certain actions, events or results may, could, would, or might
occur or be achieved. This forward-looking information reflects the
Company’s current beliefs and is based on information currently
available to the Company and on assumptions the Company believes are
reasonable. These assumptions include, but are not limited to, the
actual results of exploration projects being equivalent to or better
than estimated results in technical reports or prior exploration
results, and future costs and expenses being based on historical costs
and expenses, adjusted for inflation. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information. Such risks and
other factors may include, but are not limited to: the early stage
development of the Company and its projects; general business, economic,
competitive, political and social uncertainties; commodity prices; the
actual results of current exploration and development or operational
activities; competition; changes in project parameters as plans continue
to be refined; accidents and other risks inherent in the mining
industry; lack of insurance; delay or failure to receive board or
regulatory approvals; changes in legislation, including environmental
legislation, affecting the Company; timing and availability of external
financing on acceptable terms; conclusions of economic evaluations; and
lack of qualified, skilled labour or loss of key individuals. Although
the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. Accordingly,
readers should not place undue reliance on forward-looking information.
The Company does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
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