March 1, 2012
March 1, 2012 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the
“Company”) reports that the Company’s primary focus, in 2012, will be on
its 100% owned (8,854 ha) Key project in British Columbia. A $1
million exploration and diamond drilling program is scheduled to
commence in May. The program is fully funded and permitted.
The Key project has significant discovery potential and is road
accessible. It is strategically located between and adjacent to New Gold
Inc.’s Blackwater gold deposit and the 3Ts gold-silver deposit of
Independence Gold Corp. On November 4, 2011, New Gold announced a large
gold resource (5.4 M oz Indicated; 1.2 M oz Inferred) at the Blackwater
deposit. Drilling of the Blackwater deposit is continuing and an updated
gold resource is anticipated. On January 29, 2012, Independence
announced an increased gold and silver resource (Inferred: 0.39 M oz Au
and 9.9 M oz Ag) at the 3Ts deposit.
As previously reported (News Release of January 19, 2012):
- Troymet has currently identified eight large target areas with significant gold + silver + other element anomalies in soils.
- Several anomalies trend towards the Blackwater property.
- One anomaly is on the Key-Blackwater property border.
- Four anomalies lie north of Good News Lake where wide spaced drilling
by Troymet in 2011 (5 holes) intersected anomalous porphyry style
mineralization and a large hydrothermal system with high sulphide
content (News Release - May 9, 2011).
- One of the anomalies encompasses an area with layered sphalerite
mineralization in tuffs/sediments on Tsacha Mountain (~ 2.5 km north of
Good News Lake), as well as two strong, undrilled VTEM anomalies.
- Distinct anomalies and trends have been identified in the
eastern half of the property and several are associated with the GN and
- Multiple new drill targets have been identified.
Troymet is continuing to compile and evaluate the numerous and extensive
soil anomalies to prioritize targets. The field program will commence
once the property is clear of snow (anticipated by early May) and will
include definition of soil anomalies and determining where induced
polarization (“IP”) surveys are required to better define targets prior
to drilling. Drilling is currently planned in the second quarter to test
8 priority targets (10 holes - 1,500 metres). Additional targets will
likely be added following completion of the IP surveys. Troymet also
plans to complete soil sampling, prospecting and mapping over the
western half of the property in summer 2012, in conjunction with planned
logging by forestry companies in the area.
The Key project will remain the Company’s principal focus. The very
encouraging drill results from the Golden Eagle project Skarn zone will
be followed up and delineated as a second priority. Further drilling is
planned on the McClarty Lake Joint Venture where HudBay Minerals Inc. is
the operator. No work is planned this winter on Troymet’s 100% owned
claims at McClarty Lake.
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
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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