November 6, 2009
November 6, 2009 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or
the “Company”) is pleased to update progress on its McClarty Lake
project, located near Snow Lake, Manitoba. The project is located
approximately 45 km south of the HudBay Minerals’ Chisel Lake and Lalor
Lake VMS deposits. The McClarty Lake property comprises three claims
owned 100% by Troymet and two claims owned 60% by Troymet and 40% by
Hudson Bay Exploration and Development (HudBay) (“option claims”).
Troymet identified a gold-rich volcanic massive sulphide (VMS) system,
the Discovery zone, on the option claims in 2007, and HudBay is
currently earning an additional 20% interest in those claims from
Troymet. The Company anticipates that HudBay will conduct a 2010 winter
diamond drilling program on the Discovery zone.
On its 100% owned properties, Troymet plans a 2010 winter drill program
(~1500 metres) to evaluate the Mac EM conductor, which is on-trend with
the Discovery zone VMS mineralization (see Mac EM target here
). The Mac conductor was
identified by a 2008 VTEM helicopter-borne survey which offers deeper
penetration compared with traditional airborne EM survey systems. The
Mac conductor, as with the Discovery zone, may not have been detected by
earlier surveys because it lies at a greater depth. There is no record
of prior drilling in this area. The undrilled Mac conductor is a high
priority target with the potential to host significant VMS
In addition to the Mac conductor, the 2008 VTEM survey identified two EM
conductors at the Discovery zone, one of which remains untested. This
is a priority target. The presence and location of these conductors
underscores the potential for additional significant VMS discoveries
both in and between the Mac target and the Discovery zone. The better
intersections in the Discovery zone (News Release April 9, 2008) are:
- 43.05 m @ 0.38 g/t Au; 6.53 g/t Ag; 0.31% Cu & 1.47% Zn incl. 15.3 m of 3.46% Zn
- 47.06 m @ 1.23 g/t Au; 5.13 g/t Ag, 0.35% Cu & 0.94% Zn incl. 9.18 m of 0.94 % Cu & 2.93 m of 5.44% Zn
sulphide mineralization and associated alteration system at the
Discovery zone is very similar to that associated with the Chisel Lake
and Lalor VMS deposits.
Troymet’s 100% owned claims are strategically placed and the Company is
very optimistic regarding the potential for additional significant VMS
discoveries in this area. The Discovery zone is a greenfield discovery
which was not detected or recognized by many airborne EM surveys.
Troymet believes that the Mac conductor, which is on-trend with the
Discovery zone, offers the potential for immediate and significant new
discoveries on 100% owned Troymet ground.
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:December 8th, 2009, Troymet Announces $500,000 Private Placement
You can view the Previous News item:October 23rd, 2009, Troymet Exploration Enters Into Amending Agreement
Back to the main News page, or press the Back button on your browser.