February 23, 2010
February 23, 2010 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) is pleased to report preliminary results from a pulse
electromagnetic (PEM) survey recently completed on the Company’s 100%
owned claims on the McClarty Lake Project. The McClarty Lake property
is located near Snow Lake, Manitoba and lies ~45 km south of HudBay
Minerals’ (TSX: HBM) Chisel Lake and Lalor Lake volcanic massive
sulphide (VMS) deposits.
The property comprises three claims (344 hectares) owned 100% by Troymet
and two claims (252 hectares) owned 60% by Troymet and 40% by Hudson
Bay Exploration and Development (HudBay) (“option claims”).
Troymet identified a gold-bearing VMS system, the Discovery zone, on the
option claims, in 2007. HudBay is currently earning an additional 20%
interest in the option claims by spending $750,000 on exploration by
June 5, 2011. The Company anticipates that HudBay will complete its
earn in ahead of schedule by conducting a 2010 winter diamond drilling
program on the Discovery zone.
On the 100% owned MAC 3 claim, Troymet has identified a strong
conductive response on the southwest edge of the newly established grid.
A 400-metre x 1000-metre extension of the grid and survey coverage has
been recommended by the Company’s geophysical contractor, Crone
Geophysics of Mississauga, Ontario.
Completion of the grid extension and additional surveying is expected by
the end of February, allowing for a follow-up diamond drilling program
to commence in early March.
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:March 8th, 2010, Troymet Confirms VMS Target on 100% Owned McClarty Claims
You can view the Previous News item:February 17th, 2010, Troymet Confirms New Gold Targets at Golden Eagle
Back to the main News page, or press the Back button on your browser.