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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 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. Exploration crews mobilized to the property in mid-May to commence reconnaissance prospecting and sampling of gold targets identified by a VTEM survey, including four electromagnetic (EM) targets, which potentially represent structurally-controlled sulphide-alteration zones. As well, two large intrusions were identified by the VTEM survey and these are being explored for gold and/or copper mineralization. Previous exploration of the project area did not explore for gold. The objective of the current phase of the exploration program is to assess the prospectivness of the major structures on the property and to help identify additional drill targets. Initial results from the field program are encouraging. Prospecting has confirmed the validity of the VTEM targets, and major structural features outlined by the VTEM survey have been located and sampled where exposed. Historic showings on the property have also been located and appear to be structurally controlled. As well, preliminary investigation of a broad geochemical trend of anomalous zinc, copper, lead, arsenic and silver values through the central part of the property also points toward a relation to major northerly-trending structures. The Company believes a number of major structures continue from the Key project onto the adjoining Blackwater project of Richfield Ventures Corp. where a bulk gold deposit has been discovered (September 25, 2009 news release). 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.
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