April 14, 2010
Troymet to Drill on Key Project
April 14, 2010 - Troymet Exploration Corp. (TSXV:TYE) (“Troymet” or the “Company”) is pleased to update plans for the Company’s 100% owned Key property, located 125 km southwest of Vanderhoof, British Columbia. The 7,882-ha Key project is strategically located and the Company believes this greenfield area offers the potential for both precious metals and volcanogenic massive sulphide (VMS) discoveries.The area surrounding the Key project has become a focus of precious metals exploration and claim staking (see Project Location Map). The Key property adjoins the claims (~1,820 ha) on the Blackwater project where Richfield Ventures Corp. has identified a bulk gold deposit (September 25, 2009 news release). Richfield states the mineralization has demonstrated continuity over hundreds of metres at potentially mineable grades (100-200 m thick covering 45 ha). Richfield plans a major drilling program in 2010 to define a NI 43-101 compliant resource (March 30, 2010 news release). Silver Quest Resources Ltd. controls the adjoining 3T’s project (~2,858 ha) and the Capoose project (~ 15,754 ha) located approximately 10 km to the northwest. Other companies with claims in the area include Gold Reach Resources Ltd. and Amarc Resources Ltd.
Troymet’s 2008 VTEM survey of the Key project clearly delineated fault systems which may be associated with gold-silver mineralization on the Blackwater property. The survey identified four priority targets for follow-up that are considered potential structurally-controlled sulphide-alteration zones. The survey also identified a number of intrusions which may have associated gold-silver mineralization. The Key project contains rocks of similar age and type to those hosting gold mineralization on the Blackwater property, and have never been explored for gold-silver mineralization. As well, the geological setting of the Key project has strong parallels to that of the gold- and silver-rich Eskay Creek deposit in northwestern British Columbia.
Troymet has completed its compilation and integration of historic technical data with the results of the VTEM survey. The Company plans a 2010 summer field program, including diamond drilling, to advance the project. The field program is scheduled to commence in late April-early May.
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.
You can view the Next News item:April 28th, 2010, Troymet Reports Anomalous Gold at Key - Plans Summer Drill Program
You can view the Previous News item:March 8th, 2010, Troymet Confirms VMS Target on 100% Owned McClarty Claims
Back to the main News page, or press the Back button on your browser.