June 21, 2010
21, 2010 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the
“Company”) is pleased to update exploration progress on its 100% owned,
7,882-hectare Key property, located 125 km southwest of Vanderhoof,
Exploration to date has focused on certain geological structural targets
that have acted as feeders and conduits for sulphide mineralization.
These targets lie within the area covered by a VTEM survey (see VTEM - Survey Area
) and are clearly evident in the airborne geophysics (see VTEM - 1st VD
Multiple N- and NNW- trending faults have been mapped in the area by the
British Columbia Geological Survey (BCGS), together with a similar
sequence of rock types to that occurring on the immediately adjoining
Blackwater project of Richfield Ventures Corp. where a bulk gold deposit
has been discovered (September 25, 2009 news release). The structural
interpretation of the geophysical data generally supports the mapping of
the BCGS. The Company believes a number of major structures continue
from the Key project onto the Blackwater project.
Four electromagnetic (EM) targets, which potentially represent
structurally-controlled sulphide-alteration zones, have been prospected
(see VTEM - EM Targets
). Alteration and sulphides were found in the area of anomaly P1A. The other three EM targets are not exposed.
Magnetite veins, garnet and potassic feldspar and epidote alteration
occur in the area of a buried intrusive, interpreted from geophysics, in
the southeast corner of the VTEM survey area (see VTEM - Magnetics
The alteration may be indicative of alkali porphyry-style gold-copper
mineralization. A second intrusion identified by the VTEM survey will
also be explored for gold and/or copper mineralization.
The regional scale of the structures that acted as plumbing systems for
the introduction of alteration and sulphide mineralization is
impressive. Outcrop exposure on the property is limited; however, ground
geophysical surveys such as induced polarization can be used to map
sulphides along the structures. As well, many areas are amenable to
A large area of this greenfield property remains to be explored. The
early discovery of structurally-controlled sulphide mineralization
associated with regional structures, however, is a significant
development, as is the recognition of two intrusives which may have
associated gold and/or copper mineralization.
Samples from the current field program have been sent to the ALS Chemex
prep facility in Whitehorse, Yukon. Pulps will be sent to the ALS Chemex
laboratory in Vancouver, BC for analysis. Results will be reported
following receipt and compilation.
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 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 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
You can view the Next News item:September 8th, 2010, Troymet Identifies Five Target Zones on Key Project
You can view the Previous News item:June 10th, 2010, Troymet Identifies Structures on Key Project
Back to the main News page, or press the Back button on your browser.