October 21, 2009
October 21, 2009 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) is pleased to announce the completion of its fall
exploration program on the North prospect of its Golden Eagle project in
northern British Columbia. The program consisted of stream sediment
sampling, prospecting and a reconnaissance diamond drilling program. The
Company is very pleased to have completed this program before the onset
The five-hole (506-metre) program successfully tested four previously
un-drilled targets in the West Gully, LQ, Stibnite and Cowboy zones.
These targets were not amenable to stripping or trenching and are widely
spaced (View Here
). A preliminary
examination of the core is highly encouraging.
Holes N0902 and N0903 targeted the LQ vein and intersected a wide
structural zone (+20 metres) comprising sulphide-bearing quartz veining
and breccias to a vertical depth of ~120 metres. Trace to 15% stringer
and disseminated pyrite, arsenopyrite, sphalerite, chalcopyrite,
pyrrhotite as well as semi-massive bands of pyrrhotite + chalcopyrite
are hosted in, and also cross-cut, more than one stage of quartz
veining, suggesting multiple or episodic mineralizing events.
Hole N0904 tested the north part of the Stibnite zone. The hole
intersected strongly tectonized feldspar porphyry and shales. The
porphyry carries 1-5% disseminated, fracture and stringer controlled
pyrite. The shales carry 1-10% disseminated and veinlet controlled
pyrite-pyrrhotite, as well as clasts of semi-massive pyrite with
reaction rims possibly representing an early volcanogenic massive
sulphide style of mineralization.
Hole N0905, drilled between the Stibnite and Cowboy zones, intersected a
structural zone with trace to 10% disseminated and stringer controlled
pyrite, arsenopyrite, pyrrhotite and galena, that is similar to the
structural zone at the bottom of hole N0903. These holes are
approximately 1,300 metres apart and appear to have intersected the same
West Gully zone
Hole N0901 intersected a +40 metre wide altered and sheared zone
carrying trace to 10% disseminated and veinlet controlled sulphides with
moderate to strong sericite alteration and silicification. The
sulphides comprise pyrite, arsenopyrite, stibnite, galena, sphalerite
and chalcopyrite. The zone starts at a depth of approximately 124.0
metres and continues to the end of the hole.
The 100% owned Golden Eagle project is situated at the southern end of
the Tintina Gold Belt, which contains many intrusion-related gold
deposits such as Pogo (Alaska), Fort Knox (Alaska), Dublin Gulch (Yukon)
and the recent discovery at Underworld Resources’ White Gold property
near Dawson City (Yukon). The property has the potential to host several
deposit types, including bulk tonnage intrusion related deposits with
associated skarn deposits, high-grade gold-silver vein-hosted deposits
and volcanogenic massive sulphide (VMS) deposits. Thirteen separate
mineralized zones have been identified to date over the property’s
25-kilometre long extent.
Numerous zones of structurally controlled gold-silver-arsenic-antimony
mineralization and gold-in-soil anomalies occur over the ~5 x 5
kilometre area known as the North prospect. The mineralization and the
anomalies are related to two major NNW-trending structures — the Ben
Fault and the Paddy Fault — and to an underlying granite-related gold
system. Both structures are possible splays of the Llewellyn fault, a
major mineralizing structure in northwestern BC. The Company believes
the North prospect may host one or more bulk-tonnage gold deposits.
The 2009 drilling program is managed by Scott Casselman Geological of
Whitehorse, YK. Logging and sampling of the drill core is progress. All
samples will be analysed at the ALS Chemex laboratory in Vancouver, BC
and assay results will be released once received and compiled.
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
For further information, contact:
Tel: 1-888-456-4952 or email@example.com
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
You can view the Next News item:October 23rd, 2009, Troymet Exploration Enters Into Amending Agreement
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