October 12, 2011
October 12, 2011 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) reports that the induced polarization (“IP”) program on
the Company’s 100%-owned Golden Eagle project has been completed and a
diamond drill has been mobilized to the project to commence testing for
epithermal gold mineralization in the West Gully and Skarn zones. Ten
separate drill targets have been identified.
The IP survey, which was confined to the West Gully zone, identified
several targets for drill testing. To-date, only one hole has been
drilled on the zone, intersecting 0.11 g/t gold over 86.84 metres (News
Release - February 17, 2010). The hole was shut down in anomalous gold
mineralization (0.33 g/t gold over 15.24 metres). The current drill
program will further test the mineralization intersected in this hole as
well as the newly identified IP targets.
The current program will also test targets in the Skarn zone, where
limited past drilling returned intercepts ranging from 1.28 g/t gold
over 6.0 metres to 7.64 g/t gold over 3.45 metres (News Release - June
25, 2009). Significant areas of the zone remain untested.
The 8,178-hectare Golden Eagle project is located in northwestern
British Columbia, just south of the BC-Yukon border. The South Klondike
Highway runs through the centre of the property, providing excellent
access from Whitehorse, Yukon, 90 kilometres to the north. The project
is situated at the southern end of the Tintina Gold Belt, which contains
many intrusion-related gold deposits such as Pogo (Alaska), Fort Knox
(Alaska), Dublin Gulch (Yukon) and the White Gold property near Dawson
The northern portion of the Golden Eagle property is shown by the
British Columbia Geological Survey’s stream sediment sampling to contain
exceptionally anomalous values in gold (to 1,080 ppb), gold indicator
metals (arsenic, antimony and mercury) and base metals (BCGS Bulletin
105). Multiple zones of gold-silver-arsenic-antimony mineralization,
including the West Gully and Skarn, and gold-in-soil anomalies occur in
this ~5 x 5 kilometre area, known as the North prospect.
Troymet is well financed and holds an exciting portfolio of precious metals and base metals exploration properties.
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:November 3rd, 2011, Troymet Completes Soil Sampling at Key Project
You can view the Previous News item:September 26th, 2011, Troymet Updates Exploration Programs
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