March 8, 2010
March 8, 2010 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the
“Company”) is pleased to report that the expanded pulse electromagnetic
(PEM) survey, recently completed on the Company’s 100% owned claims on
the McClarty Lake project, identified a strong, multi-line conductor at
depths of between 250 and 400 metres (Mac conductor). Volcanogenic
massive sulphide deposits (VMS) such as Lalor and the Chisel Lake
deposits occur in association with such conductors. This conductor
appears to be on trend with the conductor system that hosts the
Discovery zone to the southwest.
The Company plans to drill test the Mac conductor immediately, weather permitting.
The McClarty Lake property is located near Snow Lake, Manitoba and lies
~45 km south of HudBay Minerals’ (TSX: HBM) Chisel Lake and Lalor Lake
VMS deposits. The property comprises three claims (344 hectares) owned
100% by Troymet and two claims (252 hectares) owned 60% by Troymet and
40% by Hudson Bay Exploration and Development (HudBay) (“option
claims”). Troymet identified a gold-bearing VMS system, the Discovery
zone, on the option claims, in 2007. HudBay is currently earning an
additional 20% interest in the option claims by spending $750,000 on
exploration by June 5, 2011. The Company anticipates that HudBay will
complete its earn in ahead of schedule by conducting a 2010 winter
diamond drilling program on the Discovery zone.
The pulse electromagnetic (PEM) survey was completed by the Company’s
geophysical contractor, Crone Geophysics of Mississauga, Ontario.
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 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
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:April 14th, 2010, Troymet to Drill on Key Project
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