December 21, 2010
December 21, 2010 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) is pleased to announce that three diamond drill programs
will commence in January/February 2011 on its Canadian projects. Troymet
will conduct drill programs on its Key project (gold-silver) and on its
100% owned claims in the McClarty Lake project (zinc-copper-gold).
Separately, HudBay Minerals Inc. (HudBay) will complete a drill program
on the option claims in the McClarty Lake project (zinc-copper-gold).
The upcoming drilling season promises to be a very exciting one for
Troymet. The Company is well financed and holds an exciting portfolio of
exploration properties that it has developed and brought to drill-ready
stage. The impact of a major precious metals or base metals discovery
would be significant for the Company.
Key Project, British Columbia
The 100% owned Key project is located 125 km southwest of Vanderhoof,
British Columbia. The property immediately adjoins the Blackwater
project of Richfield Ventures Corp. A diamond drilling program is
scheduled to start in January 2011. The Company has received all of the
soil sample geochemical analyses together with induced polarization (IP)
data for the western (Crag) grid. The initial interpretation indicates
drill targets comprising coincident gold-silver in rock samples, gold in
soils, and chargeability/resistivity anomalies. Further information
will be released at a future date. The soil analyses also indicate
elevated to anomalous gold and silver values over the eastern (Scarp and
Butte) grids. The elevated to anomalous values coincide well with the
gold and silver in rock samples, and structures believed to control the
mineralization. A number of drill targets have been identified. The
Company plans to extend IP surveys into these areas early in 2011 to
expand and better define the drill targets.
McClarty Lake Project, Manitoba
The McClarty Lake property is located near Snow Lake, Manitoba and lies
~45 km south of HudBay’s Chisel Lake and Lalor Lake volcanogenic massive
sulphide (VMS) deposits. The property comprises three claims (MAC-1,
MAC-2 & MAC-3; 344 hectares) owned 100% by Troymet and two claims
(DYC3606 & DOL78; 252 hectares) owned 60% by Troymet and 40% by
HudBay (“option claims”). HudBay is currently earning an additional 20%
interest in the option claims by spending $750,000 on exploration by
June 5, 2011.
MAC Claims (100% Owned)
A diamond drilling program is scheduled to start in January 2011 to test
the MAC conductor for VMS mineralization. The MAC conductor, identified
in 2010 with deep penetrating electromagnetic surveys, comprises a
strong, multi-line conductor at depths of between 250 and 400 metres.
The conductor appears to be on trend with the conductor system that
hosts the Discovery zone to the southwest (see under Option Claims) and
it lies at depths beyond the detection depth of past airborne surveys.
The conductor has never been drilled.
Option Claims (60% Owned)
HudBay has advised Troymet that it will complete a drilling program on
the option claims, starting in February 2011. Troymet identified a
gold-bearing VMS system (Discovery zone) on the option claims, in 2007.
Cambridge House International Inc.
Troymet will be presenting at the Vancouver Resources Investment Conference on January 23-24, 2011.
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
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