December 21, 2009
December 21, 2009 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) is pleased to report gold assay results from the stream
sediment sampling program completed on the North prospect and adjacent
Tannis zone of the Golden Eagle project in northern British Columbia. In
total, 577 samples from approximately 60 streams and tributaries were
collected before the onset of winter conditions. The program delivered
very positive results and identified nine new anomalous areas requiring
ground follow up in 2010 (North Prospect - 2009 Stream Sediment Sampling
The results show extensive, anomalous areas that have not yet been
prospected or drilled. The aerial extent of the anomalies indicates
large source areas.
Over 400 samples were collected from ~40 streams and tributaries that
drain the ~5 x 5 kilometre North prospect area. Anomalous stream
sediment samples ranging up to 200 ppb gold were collected the vicinity
of the West Gully, Plateau, West Draw, Stibnite, Cowboy, LQ and Skarn
zones. Of greater interest are a number of moderate to highly anomalous
sample sites that are well distant from the known showings and remain
: To the north of West Gully, four streams draining the
northwest quadrant of the North prospect area returned highly anomalous
samples ranging from 158 to 637 ppb gold. Anomalous values of 287 and
317 ppb gold were also reported in this area from the 1992
reconnaissance-scale stream sediment sampling program undertaken by the
British Columbia Ministry of Energy, Mines and Petroleum Resources.
These results indicate the potential for undiscovered zones of
mineralization located over a distance of up to 1,400 metres north of
the West Gully zone. Mapping by the BC Geological Survey indicates the
area to be underlain by intrusive rocks of the Lower Triassic Stikine
Plutonic Suite. Hole N0901, drilled at the southern edge of this area,
intersected a +40 metre-wide altered and sheared zone carrying trace to
10% disseminated and veinlet controlled sulphides (pyrite, arsenopyrite,
stibnite, galena, sphalerite and chalcopyrite) with moderate to strong
sericite alteration and silicification (News Release October 21, 2009).
: This area, located ~700 metres north of the Skarn zone
and ~750 metres northeast of the LQ vein, returned highly anomalous
values of 856, 1,070 and 1,315 ppb gold. It is possible that the
anomalies are related to a major, northeast-trending curvilinear
structure tracking the Ben creek.
: This area, located 600 metres west of the LQ vein,
contains a highly anomalous silt of 1585 ppb gold. It may be an
extension of the LQ zone or it may represent a separate zone of
: Moderately anomalous stream sediment samples (60
to 474 ppb gold) were collected from creeks that drain the eastern
flank of the North prospect area. These anomalies lie between 1,500 and
2,200 metres east of the nearest known mineralized area (Skarn zone),
suggesting they are related to another as yet undiscovered and possibly
: An anomalous sample (191 ppb gold) lies ~1,000 metres to the west and up-drainage. This area has not yet been prospected.
: Located ~ 1,200 metres south of the Cowboy zone and
near the southern extension of the Ben fault, a single creek contains
anomalous values of 47, 106 and 253 ppb gold. The highest value is the
last sample taken up-drainage. The data suggests the anomalies are
derived from the Ben Fault.
Approximately 175 samples were collected from ~20 streams and
tributaries that drain into Paddy’s Pass from North Mountain and Middle
Ridge. As expected, anomalous stream sediment samples were collected
from creeks originating near the Tannis zone on Middle Ridge (up to
1,320 ppb gold) and in the vicinity of the Catfish zone on North
Mountain (up to 277 ppb gold).
: Anomalous results of up to 118 ppb gold were also collected
from samples ~1.5 kilometres west of Tannis in an area where
reconnaissance prospecting has also returned positive results.
: Up to 97 ppb gold in stream sediments was recovered ~600
metres west of the Catfish zone. Streams further to the west were not
sampled due to heavy snow. The anomalous streams sampled to date
indicate a prospective area that is a minimum of 1,000 metres long. This
area has not yet been prospected and is open to extension.
: Stream sediment sampling to the east of the Tannis and
Catfish zones has revealed another broad area of interest (49 to 153 ppb
gold) spanning ~1.5 x 3.0 kilometres from the western shore of Tutshi
Lake. Glacial cover is more extensive in the area, which may account for
a general lack of previous exploration activity and data.
The generally rugged terrain and variable glacial cover over the
northern half of the Golden Eagle property has historically inhibited
detailed prospecting and mapping, and much of the ground geophysical
work to date has been patchwork in coverage. The 2009 stream sediment
anomalies, in conjunction with the numerous zones of structurally
controlled gold-silver-arsenic-antimony mineralization and gold-in-soil
anomalies, strengthens management’s belief the Golden Eagle property may
host one or more bulk-tonnage gold deposits. The mineralization is
thought to be related to major NNW-trending structures, including the
regionally significant Llewellyn fault, and to an underlying
granite-related gold system. Management is very pleased with the number
of new target areas this survey has identified, and that the results
continue to augment the hypothesis of a widespread mineralizing event on
Samples were analyzed by ALS Chemex, Vancouver, BC, an ISO 9001:2000
accredited facility. All technical information for the Company’s Golden
Eagle 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: here
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
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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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