Troymet Completes Airborne VTEM Survey at the Key Project
August 13 2008 - 7:30AM
Marketwired Canada
Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is
pleased to announce the completion of a helicopter-borne VTEM survey over the
Company's 100% owned Key property located 125 km southwest of Vanderhoof,
British Columbia.
The exploration target on the Key project is a precious metals-rich volcanic
massive sulphide (VMS) deposit. The 7,882-hectare property covers an area of
anomalous lake sediment geochemistry centered on a sequence of basaltic to
rhyolitic volcanics, possibly preserved within a graben structure. The
geological setting has strong parallels to that of the gold- and silver-rich
Eskay Creek deposit in northwestern British Columbia.
The VTEM time domain EM system is excellent for locating discrete conductive
anomalies as well as mapping lateral and vertical variations in resistivity. It
also includes a magnetometer for mapping of geologic structure and variation in
lithology. The 165 line-kilometre survey was conducted by GEOTECH Ltd. Results
of the survey will be released once received and evaluated. A property-wide
prospecting program to follow up on the results of the survey is under
consideration for the 2008 field season.
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.
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