Troymet Exploration Corp.
TSX VENTURE : TYE

Troymet Exploration Corp.

September 08, 2010 08:30 ET

Troymet Identifies Five Target Zones on Key Project

COMOX, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2010) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is pleased to update exploration progress on its 100% owned, 7,882-hectare Key property, which is located 125 km southwest of Vanderhoof, British Columbia. The recent prospecting program completed by the Company identified five areas with coincident gold-silver-zinc mineralization and locally tungsten. Maps showing the distribution of gold, silver, zinc and tungsten in prospecting samples may be viewed at www.troymet.com/s/Key-Images.asp. The anomalous values are typically associated with pyrite and sphalerite +/- arsenopyrite mineralization in sericite, silica, chlorite and locally garnet altered host rocks.

Area I
The best gold values, including the highest gold value obtained (4.78 g/t), comes from felsic volcanics on the west side of the property in the area of VTEM electromagnetic (EM) anomalies P1B and P2. Elevated to anomalous silver values also characterize this area. The VTEM anomalies P1B and P2 are not exposed; however, the presence of significant gold and silver values greatly enhances these targets.

Area II
Elevated to anomalous gold-silver-zinc values occur in this area, which straddles Tsacha Mountain and the contact with a buried felsic intrusive interpreted from airborne magnetics (VTEM). The highest zinc values, including 1.23% and 1.07%, occur on the south side of Tsacha Mountain.

Area III
This area encompasses a 2.0-km length of the GN fault and is associated with elevated gold and elevated to anomalous silver and zinc values. Elevated gold and zinc values were also obtained along the GN fault a further 1 km to the north, with one sample also returning anomalous tungsten. VTEM anomalies P1A and P3 are situated between these two locations and also appear to be associated with the GN fault. Neither anomaly is exposed in outcrop; however, 1-5% disseminated pyrrhotite mineralization does occur near the site of anomaly P1A, which may in part explain the weak magnetic character of the anomaly. The EM signature of anomaly P1A is estimated to be between 600-800 metres long and steeply dipping.

Area IV
Elevated to anomalous gold and silver values occur in a cluster south of Good News Lake. This area is also characterized by elevated zinc and anomalous tungsten values.

Area V
At Area V, elevated to anomalous gold-silver-zinc-tungsten values were obtained from a shear zone carrying 5-15% pyrite. The shear zone is located on the East fault, near its intersection with a buried felsic intrusive interpreted from airborne magnetics (VTEM). The shear zone is approximately three metres wide; however, the presence of other nearby shears suggests the overall width of the zone may be in excess of 25 metres.

The results of the reconnaissance prospecting program are very encouraging and five structurally controlled, precious metal target areas have been identified. The Company believes there is a strong probability the mineralization will continue northwards along the GN and East faults towards the adjoining Blackwater project of Richfield Ventures Corp., where a bulk gold deposit has been discovered (September 25, 2009 news release).

The Company is planning further exploration, which will include diamond drilling once permits are received. Future work will likely include induced polarization (IP) geophysical surveying and till sampling. The property is readily accessible along a well developed network of established forestry roads.

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

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.

Contact Information

  • Troymet Exploration Corp.
    Rob Birmingham
    Investor Relations
    1-888-456-4952
    www.troymet.com