October 2, 2009
October 2, 2009 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the
“Company”) is pleased to announce that it has mobilized a diamond drill
to the North prospect of its Golden Eagle project in northern British
Columbia to test a number of gold targets that are not amenable to
stripping or trenching. These targets have never been drilled. A program
of stream sediment sampling and prospecting is also underway.
The Golden Eagle project lies 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). Another significant discovery in the Tintina Gold Belt was
recently announced on Atac Resources’ Rau property north of Mayo
The structurally controlled gold-silver-arsenic-antimony mineralization
and gold-in-soil anomalies on the North prospect occur over an area of
~5 x 5 kilometres. The mineralization and the anomalies are related to
two major structures — the Ben Fault and the Paddy Fault — and to an
underlying granite-related gold system. The Ben Fault is a minimum of
3.6 km long and has never been drilled, while the Paddy Fault is a
minimum of 4.6 km long — both are possible splays of the Llewellyn
fault, a major mineralizing structure in northwestern BC. The structure
has not been drilled apart from limited drilling on the Skarn zone (~250
metres). This drilling intercepted significant gold mineralization but
did not test the underlying granite contact.
The Company believes the north prospect may host one or more bulk-tonnage gold deposits.
Troymet is a junior exploration company with precious and base metal
projects located in British Columbia and Manitoba, Canada. The Company
is actively seeking partners to advance its highly prospective
properties and continues to seek new projects with high-value and
large-tonnage potential to add to its portfolio.
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
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 “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 securities laws.
You can view the Next News item:October 21st, 2009, Troymet Completes Drilling at Golden Eagle Project
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