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Re: News Releases - Thursday, January 28, 2010
Troymet Commences Winter Program at McClarty Lake
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January 28, 2010 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or
the "Company") is pleased to announce the commencement of its winter
program on the McClarty Lake project located near Snow Lake, Manitoba.
The property lies ~45 km south of HudBay Minerals' Chisel Lake and
Lalor Lake volcanic massive sulphide (VMS) deposits.
The McClarty Lake property comprises three claims owned 100% by Troymet
and two claims owned 60% by Troymet and 40% by Hudson Bay Exploration
and Development (HudBay) ("option claims"). HudBay is currently earning
an additional 20% interest in the option claims where Troymet
identified a gold-bearing VMS system, the Discovery zone, in 2007. The
Company anticipates that HudBay will conduct a 2010 winter
Diamonddrilling program on the Discovery zone.
The establishment of a 10.6 km grid on Troymet's 100% owned MAC 3 claim
is expected to be completed this week, followed by a fixed large loop
surface pulse electromagnetic (PEM) survey under contract to Crone
Geophysics of Mississauga, Ontario. The grid is centred over the Mac EM
conductor that was identified by the Company's 2008 deep penetrating
VTEM helicopter-borne survey and is on trend with the Discovery zone.
The Mac conductor is a high priority target that offers the potential
for immediate and significant new VMS discoveries on 100% owned Troymet
ground. A 2010 winter
Diamond drilling program (~1,500 metres) is
planned to follow up on results of the PEM survey.
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:
Shiro Rae
Investor Relations
Tel: 1-888-456-4952 or srae@troymet.com
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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Copyright (c) 2010 TROYMET EXPLORATION CORP. (TYE) All rights
reserved. For more information visit our website at
http://www.troymet.com/ or send mailto:info@troymet.com
Message sent on Wed Jan 27, 2010 at 2:48:59 PM Pacific Time
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