April 4, 2011
April 4, 2011 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the
“Company”) reports the winter phase of the 2011 reconnaissance diamond
drilling program on the Key gold-silver project is complete. In total
1,576.8 metres were drilled with nine holes completed and three holes
abandoned in broken ground and/or thick overburden.
Approximately 12.6 kilometres of induced polarization (“IP”) survey were
also completed in the area of Good News Lake. The IP survey identified a
large anomaly over 1.2 kilometres in length that is coincident with the
gold-in-soil anomalies along the GN Fault. IP anomalies were also
identified along the East Fault.
Four holes tested targets on the Crag grid on the west side of the
property, including two coincident IP/gold-in-soil/surface gold targets
and two VTEM targets. The VTEM anomalies appear to be associated with
fault/breccia zones in felsic to intermediate volcanics with local
vein/disseminated pyrite. The IP/gold-in-soil/surface gold targets
comprise silicified and pyritized (trace to 1%) felsic to intermediate
Five widely-spaced holes tested coincident IP/gold-in-soil/structural
zones on the Bluff and Butte grids in the area of Good News Lake. Two
holes spaced 200 metres apart tested targets on the GN Fault. A third
hole tested a target approximately 180 metres west of the fault. The
fourth hole tested a target on the East Fault, and the fifth hole tested
a target within the intrusive. All holes intersected varying amounts of
disseminated and vein/veinlet controlled pyrite mineralization. A drill
hole location map can be viewed at: Key - Drill Hole Locations & Target Areas
The 100% owned Key project is located 125 km southwest of Vanderhoof,
British Columbia and immediately adjoins the Blackwater project of
Richfield Ventures Corp. The recently completed reconnaissance diamond
drilling program was the first ever on this large property (8,854
Troymet plans to expand the prospecting, soil sampling and ground
geophysics to cover the remainder of the property after spring break-up.
To-date, less than a third of the property has been explored in any
detail. As well, the Company has identified drill targets in areas of
rugged topography that were not accessible during the winter program,
and will be tested when drilling resumes after break-up.
The 2011 winter IP and diamond drilling program was under the management
of Casselman Geological Services Ltd. All samples have been shipped to
ALS Chemex, Vancouver, BC, an ISO 9001:2000 accredited facility. Assays
will be released once received and evaluated.
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; 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:April 11th, 2011, Troymet Identifies Extension of Discovery Horizon at McClarty Lake Project
You can view the Previous News item:March 16th, 2011, Troymet's Optionee HudBay Drilling at McClarty Lake
Back to the main News page, or press the Back button on your browser.