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Re: News Releases - Wednesday, August 13, 2008
Troymet Completes Airborne VTEM Survey at the Key Project
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August 13, 2008 - Troymet Exploration Corp. (TSXV: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
For further information, contact:
Shiro Rae
Investor Relations
Troymet Exploration Corp.
Tel: 1-888-456-4952 or srae@troymet.com
Website: www.troymet.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. 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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Copyright (c) 2008 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 Tue Aug 12, 2008 at 4:47:41 PM Pacific Time
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