Troymet Exploration Corp.
TSX VENTURE : TYE

Troymet Exploration Corp.

April 28, 2010 09:00 ET

Troymet Reports Anomalous Gold at Key- Plans Summer Drill Program

COMOX, BRITISH COLUMBIA--(Marketwire - April 28, 2010) - Troymet Exploration Corp. (TSX VENTURE: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 exposures.

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

  1. 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.
  1. 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.

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 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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