January 25, 2010
January 25, 2010 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) is pleased to update the status of its Key project in
British Columbia. Troymet holds a 100% interest in the 7,882-hectare Key
property located 125 km southwest of Vanderhoof, British Columbia. The
Key project is prospective for epithermal gold-silver deposits as well
as volcanic massive sulphide (VMS) deposits.
The property, which straddles an apparent graben developed in a
volcano-sedimentary sequence, covers an area with anomalous lake
sediment geochemistry and locally anomalous
gold-lead-arsenic-silver-zinc in soils. Major north-trending faults cut
the property and these may be related to the gold and silver
mineralization currently being explored by Richfield Ventures Corp. on
its Blackwater property, some 2.5 km to the north (see Richfield
website). The 3T’s project (Silver Quest Resources) to the southwest is
described as a bonanza-style, epithermal gold-silver camp.
Richfield, in its September 25, 2009 news release, describes the
mineralization on the Blackwater property as a bulk gold deposit with
demonstrated continuity over hundreds of metres at potentially mineable
grades. The gold mineralization is hosted in highly siliceous and
argillically altered breccia and microbreccia derived from felsic
volcanic or subvolcanic rocks. Richfield estimates the brecciated rocks
which host the gold mineralization may cover an area of up to 45
hectares and are generally between 100 to 200 metres thick.
A 2008 VTEM survey of the Key project clearly delineated the fault
systems which may be associated with gold-silver mineralization on the
Blackwater property. The survey also identified four priority targets
for follow-up that are considered potential structurally-controlled
The Key project is strategically located and the Company believes this
geenfield area offers the potential for both precious metals and VMS
discoveries. The Company plans a 2010 summer field program to advance
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 email@example.com
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:January 28th, 2010, Troymet Commences Winter Program at McClarty Lake
You can view the Previous News item:January 22nd, 2010, Troymet Completes $500,000 Financing
Back to the main News page, or press the Back button on your browser.