September 4, 2008
September 4, 2008 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) is pleased to announce the completion of diamond drilling
on its 100% owned Golden Eagle project in northwest British Columbia.
Twelve holes (2,406 metres) were drilled on the intrusive-hosted Tannis
zone over a 250-metre strike length to follow up high-grade gold-silver
mineralization previously intersected in four holes drilled in 2005-2006
(Reference: Sept. 24, 2007 news release). One hole was abandoned prior
to reaching target depth due to broken and faulted ground conditions.
Assay results are pending and will be released once received and
Arsenopyrite (+ pyrite) as disseminated, replacement-type and stringer
mineralization within quartz veins was encountered in all eleven of the
holes that reached target depth. The mineralized vein system was
intersected in rhyolitic intrusive as well as in mafic volcanics of the
Boundary Range Metamorphic Suite, and in granitic intrusive rocks at
depth beneath the rhyolite. The presence of granitic intrusive at depth
indicates a composite, volatile-rich intrusive system in this locale,
which to-date has only been tested by shallow drilling. The aerial
extent of the rock types in which the mineralized vein system occurs has
greatly increased the potential for further discoveries.
A mapping/prospecting program is currently underway on the Tannis zone
and over the Jurassic volcanic/sediments that flank the Tannis zone to
the west. Reconnaissance soil geochemical sampling suggests the
mineralized veins continue into or beneath the volcanics/sediments.
The 2008 drilling and prospecting program has been managed by Equity
Exploration Consultants Ltd. of Vancouver BC. All samples have been sent
to the ALS Chemex sample preparation facility in Terrace, BC and will
be analysed at the ALS Chemex laboratory in Vancouver BC.
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:
Troymet Exploration Corp.
Tel: 1-888-456-4952 or firstname.lastname@example.org
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. This press release may contain
“forward-looking information” within the meaning of applicable Canadian
securities legislation. All statements, other than statements of
historical fact, included herein may be forward-looking information.
Generally, forward-looking information may be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not
expect”, “proposed”, “is expected”, “budgets”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases, or by the use of
words or phrases which state that certain actions, events or results
may, could, would, or might occur or be achieved. This forward-looking
information reflects the Company’s current beliefs and is based on
information currently available to the Company and on assumptions the
Company believes are reasonable. These assumptions include, but are not
limited to, the actual results of exploration projects being equivalent
to or better than estimated results in technical reports or prior
exploration results, and future costs and expenses being based on
historical costs and expenses, adjusted for inflation. Forward-looking
information is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information.
Such risks and other factors may include, but are not limited to: the
early stage development of the Company and its projects; general
business, economic, competitive, political and social uncertainties;
commodity prices; the actual results of current exploration and
development or operational activities; competition; changes in project
parameters as plans continue to be refined; accidents and other risks
inherent in the mining industry; lack of insurance; delay or failure to
receive board or regulatory approvals; changes in legislation, including
environmental legislation, affecting the Company; timing and
availability of external financing on acceptable terms; conclusions of
economic evaluations; and lack of qualified, skilled labour or loss of
key individuals. Although the Company has attempted to identify
important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to update
any forward-looking information, except in accordance with applicable
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