June 12, 2012
June 12, 2012 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the
“Company”) is pleased to announce the June 12, 2012 SEDAR filing of a
National Instrument (“NI”) 43-101 technical report in support of future
exploration at its Key project in north-central British Columbia.
The new NI 43-101 technical report is based on a compilation of all
available technical and related information and recommends a
geochemical, geophysical and diamond drilling program that is estimated
at CDN$1.0 million and includes concurrent programs of reclamation and
rehabilitation of drill areas and access trails.
The report was prepared by independent Qualified Person, Scott
Casselman, P.Geo., of Casselman Geological Services Ltd. Mr. Casselman
has been familiar with the geological aspects of the project since 2010.
Troymet’s President and CEO, Kieran Downes, is a Qualified Person for
the Key project and has reviewed and approved the contents of this
About Troymet Exploration Corp.
Troymet is a well-financed junior exploration company with strategically
located assets in British Columbia, Manitoba and Nunavut, Canada. The
Key project is strategically located immediately adjacent to New Gold’s
Blackwater property. On March 7, 2012, New Gold announced the following
NI 43-101 compliant mineral resource estimate on the Blackwater gold
- Indicated gold resource: 174 million tonnes at an average grade
of 0.98 grams per tonne containing 5.5 million ounces of gold at a 0.4
gram per tonne cut-off grade.
- Inferred gold resource: 92 million tonnes at an average grade
of 0.78 grams per tonne containing 2.3 million ounces of gold at a 0.4
gram per tonne cut-off grade.
The Key project is the Company’s principal focus of exploration with a
CDN$1 million exploration and drill program currently underway.
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
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 securities laws.
You can view the Next News item:July 9th, 2012, Troymet Files NI 43-101 Technical Report for Golden Eagle Gold Project
You can view the Previous News item:May 29th, 2012, Troymet Initiates Exploration Program on Key Project
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