Troymet Mobilizes Drill to Golden Eagle Project
October 12 2011 - 7:30AM
Marketwired
Troymet Exploration Corp. (TSX VENTURE: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 approx. 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
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.
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.
Contacts: Troymet Exploration Corp. Anthony Zelen Investor
Relations 1-888-456-4952anthony@senergyir.com
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