Troymet Exploration Corp.
TSX VENTURE : TYE

Troymet Exploration Corp.

May 20, 2010 08:30 ET

Troymet Mobilizes Crews to Key Project

COMOX, BRITISH COLUMBIA--(Marketwire - May 20, 2010) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") reports that exploration crews have mobilized to 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 exploration program, which will include diamond drilling, will initially focus on three target areas where anomalous gold values are currently recognized (News Release - April 28, 2010):

  • 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 rhyolite.

  • 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 and gold values.

  • South of Good News Lake, five rock samples from a 200x300 metre area of alteration returned anomalous gold values possibly associated with porphyry style mineralization.

The Company believes the gold mineralization on the adjoining Blackwater project (Richfield Ventures Corp.) may extend onto the Key project. Richfield has identified a bulk gold deposit (September 25, 2009 news release) on the Blackwater project and plans a major drilling program in 2010 to define a NI 43-101 compliant gold resource (March 30, 2010 news release). 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

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

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 securities laws.

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