October 12, 2011
Troymet Mobilizes Drill to Golden Eagle ProjectOctober 12, 2011 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the “Company”) reports that the induced polarization (“IP”) program on the Company’s 100%-owned Golden Eagle project has been completed and a diamond drill has been mobilized to the project to commence testing for epithermal gold mineralization in the West Gully and Skarn zones. Ten separate drill targets have been identified.
The IP survey, which was confined to the West Gully zone, identified several targets for drill testing. To-date, only one hole has been drilled on the zone, intersecting 0.11 g/t gold over 86.84 metres (News Release - February 17, 2010). The hole was shut down in anomalous gold mineralization (0.33 g/t gold over 15.24 metres). The current drill program will further test the mineralization intersected in this hole as well as the newly identified IP targets.
The current program will also test targets in the Skarn zone, where limited past drilling returned intercepts ranging from 1.28 g/t gold over 6.0 metres to 7.64 g/t gold over 3.45 metres (News Release - June 25, 2009). Significant areas of the zone remain untested.
The 8,178-hectare Golden Eagle project is located in northwestern British Columbia, just south of the BC-Yukon border. The South Klondike Highway runs through the centre of the property, providing excellent access from Whitehorse, Yukon, 90 kilometres to the north. The project is situated at the southern end of the Tintina Gold Belt, which contains many intrusion-related gold deposits such as Pogo (Alaska), Fort Knox (Alaska), Dublin Gulch (Yukon) and the White Gold property near Dawson City (Yukon).
The northern portion of the Golden Eagle property is shown by the British Columbia Geological Survey’s stream sediment sampling to contain exceptionally anomalous values in gold (to 1,080 ppb), gold indicator metals (arsenic, antimony and mercury) and base metals (BCGS Bulletin 105). Multiple zones of gold-silver-arsenic-antimony mineralization, including the West Gully and Skarn, and gold-in-soil anomalies occur in this ~5 x 5 kilometre area, known as the North prospect.
Troymet is well financed and holds an exciting portfolio of precious metals and base metals exploration properties.
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 securities laws.
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