April 28, 2010
April 28, 2010 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) reports that plans are well advanced for the upcoming
summer field program on the Company’s 100% owned Key property, located
125 km southwest of Vanderhoof, British Columbia. The strategically
located 7,882-hectare project is prospective for both precious metals
and volcanogenic massive sulphide (VMS) discoveries. The area
surrounding the Key project is the focus of significant precious metals
exploration and claim staking spurred by exploration results on the
Blackwater project (Richfield Ventures Corp.), and the Capoose and 3T’s
projects (Silver Quest Resources Ltd.).
The Key property adjoins the Blackwater project where Richfield Ventures
Corp. has identified a bulk gold deposit (September 25, 2009 news
release). The gold mineralization may extend onto the Key property. The
geology of both properties is similar and the prospective rocks and
structures on the Key property have never been systematically explored
for gold-silver mineralization. In addition, the Key property is
prospective for bonanza-style, epithermal gold-silver mineralization
similar to the adjoining 3T’s deposits, and the geology and geochemical
signatures also have strong parallels to that of the gold- and
silver-rich Eskay Creek deposit in northwestern British Columbia.
Anomalous gold values are currently recognized in the three separate
areas on the Key property and this bodes well for the discovery of
additional zones of gold mineralization on the project with systematic
exploration. The current priority targets include the following:
- Approximately 800 metres west of Good News Lake, soil sampling
identified strong multi-element, multi-station soil geochemical
anomalies for gold, lead, arsenic, silver and zinc in the vicinity of a
quartz eye rhyolite1.
- The Company has identified four priority VTEM targets for
follow up. These potentially represent structurally-controlled
sulphide-alteration zones. Two of the targets lie at the projected head
of a 400-600 metre wide band of copper-zinc-lead-arsenic soil anomalies
trending southwesterly from Tsacha Mountain where samples of
sphalerite-bearing mineralization have returned high zinc values2.
- South of Good News Lake, five rock samples from a 200x300 metre
area of alteration returned anomalous gold values possibly associated
with porphyry style mineralization2.
Field crews are scheduled to mobilize to the project in early May. The
initial program will comprise prospecting and mapping to further advance
priority targets and to identify new target areas for drilling. There
appears to be extensive recent clear cutting in the area due to the pine
beetle infestation and this has likely created new outcrop areas and
Kieran Downes, P.Geo., President 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 firstname.lastname@example.org
Awmack, H.J. (1994): 1994 Geological and geochemical report
on the Ram 1-2 claims; report submitted for assessment credit to the
British Columbia Ministry of Energy, Mines and Petroleum Resources. This
report pre-dates National Instrument 43-101 and is not compliant with
the technical report format of Form 43-101F1.
Caulfield, D.A. (1992): 1992 Geological and geochemical
report on the Ram 1-2 claims; report submitted for assessment credit to
the British Columbia Ministry of Energy, Mines and Petroleum Resources.
This report pre-dates National Instrument 43-101 and is not compliant
with the technical report format of Form 43-101F1.
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:May 20th, 2010, Troymet Mobilizes Crews to Key Project
You can view the Previous News item:April 14th, 2010, Troymet to Drill on Key Project
Back to the main News page, or press the Back button on your browser.