Troymet Exploration Corp.

Troymet Exploration Corp.

March 08, 2010 08:30 ET

Troymet Confirms VMS Target on 100% Owned McClarty Claims

COMOX, BRITISH COLUMBIA--(Marketwire - March 8, 2010) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is pleased to report that the expanded pulse electromagnetic (PEM) survey, recently completed on the Company's 100% owned claims on the McClarty Lake project, identified a strong, multi-line conductor at depths of between 250 and 400 metres (Mac conductor). Volcanogenic massive sulphide deposits (VMS) such as Lalor and the Chisel Lake deposits occur in association with such conductors. This conductor appears to be on trend with the conductor system that hosts the Discovery zone to the southwest.

The Company plans to drill test the Mac conductor immediately, weather permitting.

The McClarty Lake property is located near Snow Lake, Manitoba and lies ~45 km south of HudBay Minerals' (TSX: HBM) Chisel Lake and Lalor Lake VMS deposits. The property comprises three claims (344 hectares) owned 100% by Troymet and two claims (252 hectares) owned 60% by Troymet and 40% by Hudson Bay Exploration and Development (HudBay) ("option claims"). Troymet identified a gold-bearing VMS system, the Discovery zone, on the option claims, in 2007. HudBay is currently earning an additional 20% interest in the option claims by spending $750,000 on exploration by June 5, 2011. The Company anticipates that HudBay will complete its earn in ahead of schedule by conducting a 2010 winter diamond drilling program on the Discovery zone.

The pulse electromagnetic (PEM) survey was completed by the Company's geophysical contractor, Crone Geophysics of Mississauga, Ontario.

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.


Kieran Downes, Ph.D., P.Geo., President, CEO & Director

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 The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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.

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