March 4, 2013
March 4, 2013 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the
“Company”) is pleased to announce that drilling has commenced on the
McClarty Lake joint venture property where Hudbay Minerals Inc.
(“Hudbay”) is the operator (Hudbay 60%; Troymet 40%). The drill program
will test for plunge extensions of the Discovery zone volcanic massive
sulphide (VMS) mineralization to the southeast, and be conducted by
Hudbay in conjunction with its regional drill program.
The McClarty Lake project is located ~45 kilometres south of Hudbay
Chisel North and Lalor VMS deposits. The project comprises two claims
(DYC3606 & DOL78; 252 hectares) held in a Joint Venture between
Hudbay (60%) and Troymet (40%), and three claims (MAC-1, MAC-2 &
MAC-3; 344 hectares) owned 100% by Troymet. Under the terms of the Joint
Venture Agreement, Hudbay must fund $1,076,051 in exploration costs
before Troymet is required to fund its participating interest.
Thereafter, Hudbay and Troymet will share all future exploration and
development expenditures pro-rata based on their participating
Kieran Downes, P. Geo., a Qualified Person as defined by National
Instrument 43-101, has reviewed and verified the technical information
provided in this release.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo.
President, CEO & Director
For further information, contact:
Tel: 1-888-456-4952 or firstname.lastname@example.org
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
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.
You can view the Next News item:March 25th, 2013, Troymet Files AGM Materials and Announces AGM Matters
You can view the Previous News item:January 23rd, 2013, Troymet Updates McClarty Lake Planning
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