June 13, 2011
June 13, 2011 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the
“Company”) reports that it has completed the first phase of the 2011
soil sampling program on its 100% owned (8,854 ha) Key project in
British Columbia. Additional sampling is planned when higher elevations
are free of snow and accessible. The recently completed soil sampling
program targeted the eastern side of the property, along the East Fault,
and within and along a prominent aeromagnetic feature which appears to
extend as far as the adjacent Blackwater-Davidson gold deposit of New
The Key property is strategically located between the
Blackwater-Davidson gold deposit and the 3Ts gold-silver deposit (Silver
Quest Resources Ltd.). The 2011 winter reconnaissance drill program,
the first ever on the Key property, identified porphyry style
mineralization associated with a large magnetic complex in the area of
Good News Lake. Approximately 25% of the magnetic complex is covered by
the Company’s VTEM survey. Its full extent is likely a circular 4- to
5-km body including a 1-km diameter magnetic low which appears to be the
focus of the porphyry mineralization. Further drilling is required to
determine if a viable copper-molybdenum deposit is present.
Troymet believes additional mineralization, and possibly different
styles of mineralization, may be found in the area between the porphyry
target and the Blackwater-Davidson deposit. A number of drill targets
have already been identified in this area (area of Tsacha Mt.) but these
were inaccessible during the winter program due to terrain and weather.
These, and any new targets identified by soil sampling and geophysics,
will be tested when drilling resumes.
To date, less than a third of the property has been explored in any
detail. Outcrop is sparse and limited to the peaks and ridges. As a
consequence soil geochemistry and geophysics are important exploration
Troymet believes the Key project has significant discovery potential.
The property covers a number of geological sequences all of which host
important gold +/- silver mineralization in the adjacent
Blackwater-Davidson, 3Ts and Capoose deposits. Exploration on the Key
project is at a very early stage. To date, exploration activities and
expenditures are small in comparison to other flanking projects where
significant discoveries have been made.
Samples are being analyzed at ALS Chemex, Vancouver, BC, an ISO
9001:2000 accredited facility. On-site management of the drill program
was provided by Casselman Geological Services Ltd.
President & CEO, Kieran Downes, P.Geo., a 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
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