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TYE Troymet Exploration Corp.

0.005
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Troymet Exploration Corp. TSXV:TYE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.005 0.005 0.01 0 01:00:00

Troymet Identifies Five Target Zones on Key Project

08/09/2010 1:30pm

Marketwired Canada


Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is
pleased to update exploration progress on its 100% owned, 7,882-hectare Key
property, which is located 125 km southwest of Vanderhoof, British Columbia. The
recent prospecting program completed by the Company identified five areas with
coincident gold-silver-zinc mineralization and locally tungsten. Maps showing
the distribution of gold, silver, zinc and tungsten in prospecting samples may
be viewed at www.troymet.com/s/Key-Images.asp. The anomalous values are
typically associated with pyrite and sphalerite +/- arsenopyrite mineralization
in sericite, silica, chlorite and locally garnet altered host rocks.


Area I

The best gold values, including the highest gold value obtained (4.78 g/t),
comes from felsic volcanics on the west side of the property in the area of VTEM
electromagnetic (EM) anomalies P1B and P2. Elevated to anomalous silver values
also characterize this area. The VTEM anomalies P1B and P2 are not exposed;
however, the presence of significant gold and silver values greatly enhances
these targets.


Area II

Elevated to anomalous gold-silver-zinc values occur in this area, which
straddles Tsacha Mountain and the contact with a buried felsic intrusive
interpreted from airborne magnetics (VTEM). The highest zinc values, including
1.23% and 1.07%, occur on the south side of Tsacha Mountain. 


Area III

This area encompasses a 2.0-km length of the GN fault and is associated with
elevated gold and elevated to anomalous silver and zinc values. Elevated gold
and zinc values were also obtained along the GN fault a further 1 km to the
north, with one sample also returning anomalous tungsten. VTEM anomalies P1A and
P3 are situated between these two locations and also appear to be associated
with the GN fault. Neither anomaly is exposed in outcrop; however, 1-5%
disseminated pyrrhotite mineralization does occur near the site of anomaly P1A,
which may in part explain the weak magnetic character of the anomaly. The EM
signature of anomaly P1A is estimated to be between 600-800 metres long and
steeply dipping.


Area IV

Elevated to anomalous gold and silver values occur in a cluster south of Good
News Lake. This area is also characterized by elevated zinc and anomalous
tungsten values. 


Area V

At Area V, elevated to anomalous gold-silver-zinc-tungsten values were obtained
from a shear zone carrying 5-15% pyrite. The shear zone is located on the East
fault, near its intersection with a buried felsic intrusive interpreted from
airborne magnetics (VTEM). The shear zone is approximately three metres wide;
however, the presence of other nearby shears suggests the overall width of the
zone may be in excess of 25 metres.


The results of the reconnaissance prospecting program are very encouraging and
five structurally controlled, precious metal target areas have been identified.
The Company believes there is a strong probability the mineralization will
continue northwards along the GN and East faults towards the adjoining
Blackwater project of Richfield Ventures Corp., where a bulk gold deposit has
been discovered (September 25, 2009 news release). 


The Company is planning further exploration, which will include diamond drilling
once permits are received. Future work will likely include induced polarization
(IP) geophysical surveying and till sampling. The property is readily accessible
along a well developed network of established forestry roads.


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

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.


1 Year Troymet Exploration Corp. Chart

1 Year Troymet Exploration Corp. Chart

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1 Month Troymet Exploration Corp. Chart

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