December 21, 2009
Troymet Identifies Nine New Target Areas at Golden Eagle Project
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.NORTH PROSPECT
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 unexplained.
West Gully: 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).
LQ East: 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.
LQ West: 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 mineralization.
Slope Anomalies: 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 broad source.
West Draw: An anomalous sample (191 ppb gold) lies ~1,000 metres to the west and up-drainage. This area has not yet been prospected.
Pistol Lake: 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.
TANNIS ZONE
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).
Link: 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.
Catfish: 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.
Terrace: 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 the property.
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:
Shiro Rae
Investor Relations
Tel: 1-888-456-4952 or srae@troymet.com
Website: www.troymet.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 securities laws.
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