April 9, 2008
Troymet's First McClarty Lake Holes Intersect Zinc, Copper and Gold
April 9, 2008 - Troymet Exploration Corp. (TSXV:TYE) (the “Company”) reports that it has received assay results from Equity Engineering for the first three holes drilled on the McClarty Lake project, located near Snow Lake, Manitoba.Highlights:
| Hole MC08-08: | 43.05 m (141.24 feet) grading 0.38 g/t Au; 6.53 g/t Ag; 0.31% Cu & 1.47% Zn | |
| including: 14.4 m of 0.59 g/t Au; 0.50% Cu & 15.3 m of 3.46% Zn | ||
|
Hole MC08-10: |
47.06 m (154.4 feet) grading 1.23 g/t Au; 5.13 g/t Ag, 0.35% Cu & 0.94% Zn |
|
| including: 9.18 m of 0.94 % Cu & 2.93 m of 5.44% Zn | ||
The massive sulphide mineralization starts near surface and to-date has only been drilled at shallow depths. The analyses confirm metal zoning in the massive sulphide mineralization in holes MC08-08 and MC08-10. Individual assays within the 43-metre (down hole) mineralized intersection in MC08-08 range up to 7.03% zinc over 0.5 metres with copper ranging up to 0.70% copper over 0.7 metres. In MC08-10, individual assays over the 47-metre (down hole) mineralized intersection range up to 5.81% zinc over 0.64 m and 1.82% copper over 1.14 metres.
A notable feature of the mineralization is the persistent presence of significant gold and silver mineralization. The high precious metal content reinforces the observation of the similarities of the mineralization at McClarty to HudBay’s newly discovered Lalor Lake deposit.
Table 1. Summary of Significant Intersections
|
Hole # |
UTM E | UTM N |
From (m) |
To (m) |
Interval (m) |
Gold (g/t) |
Silver (g/t) |
Copper (%) |
Zinc (%) |
|
| MC08-08 | 415331 | 6038702 | 92.40 | 135.45 | 43.05 | 0.38 | 6.53 | 0.31 | 1.47 | |
| incl. | 103.70 | 118.10 | 14.40 | 0.59 | 6.71 | 0.50 | 0.64 | |||
| and | 108.50 | 109.30 | 0.80 | 9.29 | 66.40 | 0.05 | 1.11 | |||
| and | 118.10 | 133.40 | 15.30 | 0.32 | 6.71 | 0.10 | 3.46 | |||
| MC08-10 | 415372 | 6038681 | 155.60 | 202.66 | 47.06 | 1.23 | 5.13 | 0.35 | 0.94 | |
| incl. | 156.90 | 166.08 | 9.18 | 0.10 | 1.88 | 0.94 | 0.07 | |||
| and | 182.68 | 188.44 | 5.76 | 0.97 | 22.60 | 0.36 | 0.81 | |||
| and | 185.81 | 191.85 | 6.04 | 0.10 | 5.41 | 0.24 | 3.40 | |||
| and | 188.44 | 190.67 | 2.93 | 0.03 | 0.00 | 0.07 | 5.44 | |||
| MC08-09 | 415349 | 6038753 | 273.20 | 278.60 | 5.4 | 0.25 | 0.36 | 0.01 | 0.01 | |
* All holes were drilled at 291º azimuth and -55º dip. Widths represent down hole core lengths. True widths cannot be reliably estimated at this time.
The zinc and copper bearing VMS mineralization has now been confirmed over a strike length of ~75 metres and to a vertical depth of ~175 metres (open). The intersections in holes MC08-08 and MC08-10, drilled as a fence 50-metres north of the 2007 discovery, intersected a substantially thicker part of the massive sulphide mineralization. A current interpretation suggests the mineralization is steeply plunging and may be cut off by a rhyolite flow unit in the vicinity of MC08-09. Hole MC08-09, drilled 50 metres to the north of the fence MC08-08/10, intersected zones of stringer sulphides. The alteration system has been traced laterally for approximately 500 metres (open) and both TEM and VTEM surveys suggest additional sulphide lenses associated with the alteration system.
Management is very pleased with the confirmation of a zinc-rich portion of the VMS mineralization and is particularly encouraged by the discovery of a well developed copper-rich stringer zone that is also accompanied by high gold and silver values. This is a new discovery in a significantly under-explored area with no history of previous drilling by other operators. The high-grade nature of the mineralization and extensive alteration, confirms the potential for the mineralizing system to host a precious metal rich VMS deposit(s).
The drill program has been shut down due to poor ice conditions, with eight holes completed totalling 2,354 metres. Further results will be reported once analytical results are received and evaluated.
The winter 2008 diamond drilling program was managed by Equity Engineering Ltd. of Vancouver, BC. Tracy Hurley, PGeo, Vice President, Exploration and qualified person as defined by National Instrument 43-101 is responsible for the technical information provided in this release. All samples were sent to Accurassay Laboratories of Thunder Bay, Ontario for preparation and analysis. Accurassay is an ISO/IEC 17025 accredited facility. All technical information for the Company’s McClarty Lake project is obtained and reported under a formal quality assurance and quality control (QA/QC) program, details of which are presented on the Company’s website at: www.troymet.com/i/pdf/QAQC2-McC.pdf.
For further information, contact:
Tracy Hurley th@troymet.com
Kieran Downes (250) 729-0453; kd@troymet.com
Website: www.troymet.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release may contain forward-looking statements. Except for statements of historical fact, all statements in this press release - including, without limitation, statements regarding future plans and objectives of the Company - are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
You can view the Next News item:April 25th, 2008, Troymet's Preliminary Geological and Geophysical Observations at McClarty Indicate Potential for Multiple Mineralized Horizons
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