Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is
pleased to announce the commencement of diamond drilling on its 100% owned
Golden Eagle project in northwest British Columbia. The planned 2,500-metre
program will focus on the Tannis and LQ prospects.


The diamond drilling program will initially target the Tannis zone, where
drilling in 2005-2006 intersected high-grade gold-silver mineralization in a
pyrite and arsenopyrite-bearing quartz vein system in rhyolitic intrusive
(Reference: Sept. 24, 2007 news release). Individual quartz veins have been
traced in excess of 300 metres. The mineralized veins also intrude the Boundary
Range Metamorphic Suite that flanks the intrusive to the east, and
reconnaissance soil geochemical sampling suggests the mineralized veins continue
into or beneath Jurassic volcanics/sediments that flank the intrusive to the
west.


The mineralization at Tannis reflects an epithermal-style mineralizing
environment, and this type of setting has the potential to host bonanza-grade
mineralization.




Table 1. Tannis Zone - 2005-2006 Drill Results

---------------------------------------------------------------------------
                                   From       To   Width     Gold   Silver
Hole #      UTM E    UTM N           (m)      (m)     (m)    (g/t)    (g/t)
---------------------------------------------------------------------------
TAN05-01   509243  6636936        49.60    51.20    1.60     7.36   102.81
---------------------------------------------------------------------------
TAN05-02   509320  6636977        40.30    45.80    5.50    10.73   104.20
---------------------------------------------------------------------------
                            incl. 44.10    45.80    1.70    29.94   135.00
---------------------------------------------------------------------------
TAN05-03   509300  6637014        35.80    41.00    5.20     7.90    12.90
---------------------------------------------------------------------------
                            incl. 37.50    39.90    2.40    16.03    24.75
---------------------------------------------------------------------------
                                  71.00    79.30    8.30     2.10     8.87
---------------------------------------------------------------------------
                            incl. 74.00    75.00    1.00     7.97     8.11
---------------------------------------------------------------------------
TAN06-04   509235  6636967        84.45    87.58    3.10     1.58     25.4
---------------------------------------------------------------------------

(1) Widths represent down hole core lengths. True widths cannot be
    reliably estimated at this time.



Where exposed, the LQ prospect is a minimum 1.0-metre wide pyrite and
arsenopyrite-bearing quartz vein in Stuhini Group Volcanics. Limited sampling in
2004 returned 1.76 g/t and 4.72 g/t gold in a grab and float sample respectively
(Reference: Sedar filing Oct. 11, 2007). There is no historical record of the LQ
prospect ever being drill tested.


The current program also includes detailed and reconnaissance prospecting over
the property's 25-km long extent, with particular focus on a number of airborne
magnetic and EM anomalies identified in 2005 that have yet to be investigated.


The 8,178-hectare Golden Eagle project is located within the Tintina Gold Belt
in northwestern British Columbia. The Company controls a 100% interest in the
property through a mix of 100% owned claims and optioned claims. The property
has the potential to host several deposit types, including high-grade
gold-silver vein-hosted deposits, bulk tonnage copper/gold porphyries with
associated skarn deposits and volcanogenic massive sulphide (VMS) deposits.
Eleven separate mineralized zones have been identified to date over the
property's 25-km long extent.


The Company has engaged Equity Exploration Consultants Ltd of Vancouver BC to
conduct the 2008 exploration program and the drilling contract was awarded to
Apex Diamond Drilling Ltd. of Smithers BC. All core samples will be sent to ALS
Chemex laboratory in Vancouver BC and assay results will be released once
received and compiled.


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 "forward-looking information" within the meaning
of applicable Canadian securities legislation. All statements, other than
statements of historical fact, included herein may be forward-looking
information. Generally, forward-looking information may be identified by the use
of forward-looking terminology such as "plans", "expects" or "does not expect",
"proposed", "is expected", "budgets", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases, or by the use of words or phrases which state that
certain actions, events or results may, could, would, or might occur or be
achieved. This forward-looking information reflects the Company's current
beliefs and is based on information currently available to the Company and on
assumptions the Company believes are reasonable. These assumptions include, but
are not limited to, the actual results of exploration projects being equivalent
to or better than estimated results in technical reports or prior exploration
results, and future costs and expenses being based on historical costs and
expenses, adjusted for inflation. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of the Company to
be materially different from those expressed or implied by such forward-looking
information. Such risks and other factors may include, but are not limited to:
the early stage development of the Company and its projects; general business,
economic, competitive, political and social uncertainties; commodity prices; the
actual results of current exploration and development or operational activities;
competition; changes in project parameters as plans continue to be refined;
accidents and other risks inherent in the mining industry; lack of insurance;
delay or failure to receive board or regulatory approvals; changes in
legislation, including environmental legislation, affecting the Company; timing
and availability of external financing on acceptable terms; conclusions of
economic evaluations; and lack of qualified, skilled labour or loss of key
individuals. Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in accordance with
applicable securities laws.
Troymet Exploration Corp. (TSXV:TYE)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Troymet Exploration Corp. Charts.
Troymet Exploration Corp. (TSXV:TYE)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Troymet Exploration Corp. Charts.