🕐12.10.11 - 18:54 Uhr
TROYMET MOBILIZES DRILL TO GOLDEN EAGLE PROJECT
NEWS–ProspectingJournal.com–October 12, 2011 – Troymet Exploration
Corp.
(TSXV:TYE) (“Troymet” or the “Company”) reports that the
induced polarization (“IP”) program on the Company’s 100%-owned
Golden Eagle project has been completed and a diamond drill has been
mobilized to the project to commence testing for epithermal gold
mineralization in the West Gully and Skarn zones.
Ten separate drill
targets have been identified.
The IP survey, which was confined to the West Gully zone, identified
several targets for drill testing.
To-date, only one hole has been drilled
on the zone, intersecting 0.11 g/t gold over 86.84 metres (News Release –
February 17, 2010).
The hole was shut down in anomalous gold mineralization
(0.33 g/t gold over 15.24 metres).
The current drill program will further
test the mineralization intersected in this hole as well as the newly
identified IP targets.
The current program will also test targets in the Skarn zone, where
limited past drilling returned intercepts ranging from 1.28 g/t gold over
6.0 metres to 7.64 g/t gold over 3.45 metres (News Release – June 25,
2009).
Significant areas of the zone remain untested.
The 8,178-hectare Golden Eagle project is located in northwestern British
Columbia, just south of the BC-Yukon border.
The South Klondike Highway
runs through the centre of the property, providing excellent access from
Whitehorse, Yukon, 90 kilometres to the north.
The project is situated at
the southern end of the Tintina Gold Belt, which contains many
intrusion-related gold deposits such as Pogo (Alaska), Fort Knox (Alaska),
Dublin Gulch (Yukon) and the White Gold property near Dawson City (Yukon).
The northern portion of the Golden Eagle property is shown by the British
Columbia Geological Survey’s stream sediment sampling to contain
exceptionally anomalous values in gold (to 1,080 ppb), gold indicator
metals (arsenic, antimony and mercury) and base metals (BCGS Bulletin
105).
Multiple zones of gold-silver-arsenic-antimony mineralization,
including the West Gully and Skarn, and gold-in-soil anomalies occur in
this ~5 x 5 kilometre area, known as the North prospect.
Troymet is well financed and holds an exciting portfolio of precious
metals and base metals exploration properties.
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:
Anthony Zelen
Investor Relations
Tel: 1-888-456-4952 or
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.
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