April 14, 2010
April 14, 2010 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) is pleased to update plans for the Company’s 100% owned
Key property, located 125 km southwest of Vanderhoof, British Columbia.
The 7,882-ha Key project is strategically located and the Company
believes this greenfield area offers the potential for both precious
metals and volcanogenic massive sulphide (VMS) discoveries.
The area surrounding the Key project has become a focus of precious metals exploration and claim staking (see Project Location Map
The Key property adjoins the claims (~1,820 ha) on the Blackwater
project where Richfield Ventures Corp. has identified a bulk gold
deposit (September 25, 2009 news release). Richfield states the
mineralization has demonstrated continuity over hundreds of metres at
potentially mineable grades (100-200 m thick covering 45 ha). Richfield
plans a major drilling program in 2010 to define a NI 43-101 compliant
resource (March 30, 2010 news release). Silver Quest Resources Ltd.
controls the adjoining 3T’s project (~2,858 ha) and the Capoose project
(~ 15,754 ha) located approximately 10 km to the northwest. Other
companies with claims in the area include Gold Reach Resources Ltd. and
Amarc Resources Ltd.
Troymet’s 2008 VTEM survey of the Key project clearly delineated fault
systems which may be associated with gold-silver mineralization on the
Blackwater property. The survey identified four priority targets for
follow-up that are considered potential structurally-controlled
sulphide-alteration zones. The survey also identified a number of
intrusions which may have associated gold-silver mineralization. The Key
project contains rocks of similar age and type to those hosting gold
mineralization on the Blackwater property, and have never been explored
for gold-silver mineralization. As well, the geological setting of the
Key project has strong parallels to that of the gold- and silver-rich
Eskay Creek deposit in northwestern British Columbia.
Troymet has completed its compilation and integration of historic
technical data with the results of the VTEM survey. The Company plans a
2010 summer field program, including diamond drilling, to advance the
project. The field program is scheduled to commence in late April-early
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 28th, 2010, Troymet Reports Anomalous Gold at Key - Plans Summer Drill Program
You can view the Previous News item:March 8th, 2010, Troymet Confirms VMS Target on 100% Owned McClarty Claims
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