Troymet Exploration Corp.
TSX VENTURE : TYE

Troymet Exploration Corp.

September 27, 2010 08:30 ET

Troymet Receives Drill Permit for Key Project

COMOX, BRITISH COLUMBIA--(Marketwire - Sept. 27, 2010) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is pleased to announce that it has received a permit from the British Columbia Ministry of Energy, Mines and Petroleum Resources to conduct diamond drilling on its 100% owned, 7,882-hectare Key property, located 125 km southwest of Vanderhoof, British Columbia.

The Company has identified five areas with coincident gold-silver-zinc mineralization and locally tungsten in prospecting samples. The mineralization is structurally controlled and associated with pyrite and sphalerite +/- arsenopyrite mineralization. The Company is currently integrating available information for all recognized target areas, and planning induced polarization (IP) surveys with follow-up drilling. The IP surveys are designed to identify sulphide concentrations in the target structures that may be carrying gold and silver mineralization. The property is readily accessible along a well developed network of established forestry roads.

Troymet 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). As well, there are four volcanogenic massive sulphide (VMS) targets identified by an airborne geophysical survey. To date, there has been no diamond drilling on the Key project.

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.
    Robert Birmingham
    Investor Relations
    1-888-456-4952
    www.troymet.com