January 28, 2010
28, 2010 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the
“Company”) is pleased to announce the commencement of its winter program
on the McClarty Lake project located near Snow Lake, Manitoba. The
property lies ~45 km south of HudBay Minerals’ Chisel Lake and Lalor
Lake volcanic massive sulphide (VMS) deposits.
The McClarty Lake property comprises three claims owned 100% by Troymet
and two claims owned 60% by Troymet and 40% by Hudson Bay Exploration
and Development (HudBay) (“option claims”). HudBay is currently earning
an additional 20% interest in the option claims where Troymet identified
a gold-bearing VMS system, the Discovery zone, in 2007. The Company
anticipates that HudBay will conduct a 2010 winter diamond drilling
program on the Discovery zone.
The establishment of a 10.6 km grid on Troymet’s 100% owned MAC 3 claim
is expected to be completed this week, followed by a fixed large loop
surface pulse electromagnetic (PEM) survey under contract to Crone
Geophysics of Mississauga, Ontario. The grid is centred over the Mac EM
conductor that was identified by the Company’s 2008 deep penetrating
VTEM helicopter-borne survey and is on trend with the Discovery zone.
The Mac conductor is a high priority target that offers the potential
for immediate and significant new VMS discoveries on 100% owned Troymet
ground. A 2010 winter diamond drilling program (~1,500 metres) is
planned to follow up on results of the PEM survey.
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:
Tel: 1-888-456-4952 or firstname.lastname@example.org
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 certain forward-looking
information. All statements included herein, other than statements of
historical fact, is forward-looking information and such information
involves various risks and uncertainties. There can be no assurance that
such information will prove to be accurate, and actual results and
future events could differ materially from those anticipated in such
information. A description of assumptions used to develop such
forward-looking information and a description of risk factors that may
cause actual results to differ materially from forward-looking
information can be found in the company’s disclosure documents on the
SEDAR website at www.sedar.com
. The company does not undertake to update
any forward-looking information except in accordance with applicable
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