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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 Receives Drill Permit for Key Project

27/09/2010 1:30pm

Marketwired Canada


Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is
pleased to announce that it has received a permit from the British Columbia
Ministry of Energy, Mines and Petroleum Resources to conduct diamond drilling on
its 100% owned, 7,882-hectare Key property, located 125 km southwest of
Vanderhoof, British Columbia. 


The Company has identified five areas with coincident gold-silver-zinc
mineralization and locally tungsten in prospecting samples. The mineralization
is structurally controlled and associated with pyrite and sphalerite +/-
arsenopyrite mineralization. The Company is currently integrating available
information for all recognized target areas, and planning induced polarization
(IP) surveys with follow-up drilling. The IP surveys are designed to identify
sulphide concentrations in the target structures that may be carrying gold and
silver mineralization. The property is readily accessible along a well developed
network of established forestry roads.


Troymet 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). As well, there are four volcanogenic massive
sulphide (VMS) targets identified by an airborne geophysical survey. To date,
there has been no diamond drilling on the Key project.


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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