September 8, 2010
September 8, 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, which is located 125 km southwest of
Vanderhoof, British Columbia. The recent prospecting program completed
by the Company identified five areas with coincident gold-silver-zinc
mineralization and locally tungsten. Maps showing the distribution of
gold, silver, zinc and tungsten in prospecting samples may be viewed on
the Key - Maps & Photos page
of the Company’s website. The anomalous values are typically associated
with pyrite and sphalerite +/- arsenopyrite mineralization in sericite,
silica, chlorite and locally garnet altered host rocks.
The best gold values, including the highest gold value obtained (4.78
g/t), comes from felsic volcanics on the west side of the property in
the area of VTEM electromagnetic (EM) anomalies P1B and P2. Elevated to
anomalous silver values also characterize this area. The VTEM anomalies
P1B and P2 are not exposed; however, the presence of significant gold
and silver values greatly enhances these targets.
Elevated to anomalous gold-silver-zinc values occur in this area, which
straddles Tsacha Mountain and the contact with a buried felsic intrusive
interpreted from airborne magnetics (VTEM). The highest zinc values,
including 1.23% and 1.07%, occur on the south side of Tsacha Mountain.
This area encompasses a 2.0-km length of the GN fault and is associated
with elevated gold and elevated to anomalous silver and zinc values.
Elevated gold and zinc values were also obtained along the GN fault a
further 1 km to the north, with one sample also returning anomalous
tungsten. VTEM anomalies P1A and P3 are situated between these two
locations and also appear to be associated with the GN fault. Neither
anomaly is exposed in outcrop; however, 1-5% disseminated pyrrhotite
mineralization does occur near the site of anomaly P1A, which may in
part explain the weak magnetic character of the anomaly. The EM
signature of anomaly P1A is estimated to be between 600-800 metres long
and steeply dipping.
Elevated to anomalous gold and silver values occur in a cluster south of
Good News Lake. This area is also characterized by elevated zinc and
anomalous tungsten values.
At Area V, elevated to anomalous gold-silver-zinc-tungsten values were
obtained from a shear zone carrying 5-15% pyrite. The shear zone is
located on the East fault, near its intersection with a buried felsic
intrusive interpreted from airborne magnetics (VTEM). The shear zone is
approximately three metres wide; however, the presence of other nearby
shears suggests the overall width of the zone may be in excess of 25
The results of the reconnaissance prospecting program are very
encouraging and five structurally controlled, precious metal target
areas have been identified. The Company believes there is a strong
probability the mineralization will continue northwards along the GN and
East faults towards the adjoining Blackwater project of Richfield
Ventures Corp., where a bulk gold deposit has been discovered (September
25, 2009 news release).
The Company is planning further exploration, which will include diamond
drilling once permits are received. Future work will likely include
induced polarization (IP) geophysical surveying and till sampling. The
property is readily accessible along a well developed network of
established forestry roads.
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:
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 16th, 2010, Troymet Identifies Possible Gold-Related Diatremes on Key Project
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