Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") is
pleased to announce that it has mobilized a diamond drill to the North prospect
of its Golden Eagle project in northern British Columbia to test a number of
gold targets that are not amenable to stripping or trenching. These targets have
never been drilled. A program of stream sediment sampling and prospecting is
also underway.


The Golden Eagle project lies 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 recent discovery at Underworld
Resources' White Gold property near Dawson City (Yukon). Another significant
discovery in the Tintina Gold Belt was recently announced on Atac Resources' Rau
property north of Mayo (Yukon). 


The structurally controlled gold-silver-arsenic-antimony mineralization and
gold-in-soil anomalies on the North prospect occur over an area of approximately
5 x 5 kilometres. The mineralization and the anomalies are related to two major
structures - the Ben Fault and the Paddy Fault - and to an underlying
granite-related gold system. The Ben Fault is a minimum of 3.6 km long and has
never been drilled, while the Paddy Fault is a minimum of 4.6 km long - both are
possible splays of the Llewellyn fault, a major mineralizing structure in
northwestern BC. The structure has not been drilled apart from limited drilling
on the Skarn zone (approximately 250 metres). This drilling intercepted
significant gold mineralization but did not test the underlying granite contact.


The Company believes the north prospect may host one or more bulk-tonnage gold
deposits. 


Troymet is a junior exploration company with precious and base metal projects
located in British Columbia and Manitoba, Canada. The Company is actively
seeking partners to advance its highly prospective properties and continues to
seek new projects with high-value and large-tonnage potential to add to its
portfolio.


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.