Troymet Intersects Porphyry Style Mineralization on Key Project
Published : May 09, 2011
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Diamond | Gold | Lead | Market | Molybdenum | Rhenium |

COMOX, BRITISH COLUMBIA--(Marketwire - May 9, 2011) - Troymet Exploration Corp. (News - Market indicators) ("Troymet" or the "Company") announces results from the winter reconnaissance Diamond drilling program on its 100% owned Key project. The project is located 125 km southwest of Vanderhoof, BC, and immediately adjoins the Blackwater project of Richfield Ventures Corp. In total, 12 holes (1,576.8m) were drilled including five holes in the area of Good News Lake and four holes on the Crag Grid on the west side of the property. Three holes were lost in broken rubbly ground or in thick overburden.

The Company is pleased to report that drilling intersected highly anomalous porphyry style mineralization in five widely-spaced holes in the area of Good News Lake (Table 1; www.troymet.com/i/maps/Key_DH-IP.png and www.troymet.com/i/maps/Key_DH-TMI.png;). A large porphyry target requiring significant additional drilling is indicated.

Individual holes carry copper or molybdenum +/- zinc, and locally weak to moderate silver and elevated to anomalous gold. The mineralization occurs in altered volcanics capping a 2.5 x 3.0 km multi-phase intrusive. Interpreted diatremes/breccia pipes lie within a distinct, weakly magnetic phase of the intrusive. Garnet alteration, breccias and semi-massive to massive pyrite and magnetite occur immediately south of Good News Lake. Induced polarization (IP) surveying has outlined a prominent anomaly with chargeabilities of 20 to 60 mv/v associated with the mineralization over a minimum of 1.2 km north-south and 3 km east-west. The IP indicates the presence of a large hydrothermal system with high sulphide content and may, in part, represent a pyritic halo. As well, layered sphalerite mineralization occurs along the contact of mafic tuffs and interbedded sediments on Tsacha Mountain, approximately 2.5 km to the north.

Drill holes Key-7, 8 and 9, drilled to test coincident IP and gold-in-soil anomalies along and adjacent to the GN Fault, intersected a similar sequence of felsic to intermediate tuffs that are variably magnetic, silicificed, pyritized (3-15%), sericitized and brecciated with stringer and quartz vein/veinlet stockworks. All three holes intersected locally anomalous mineralization and altered and pyritized rocks throughout their entire lengths. Holes Key-8 and 9 tested targets approximately 180m west and 200m south of Key-7, respectively.

  • Hole Key-7 intersected 312.7 m of significantly anomalous molybdenum along with intervals of anomalous to low-grade zinc mineralization, anomalous copper and narrow intervals of anomalous gold (Table 1), including:
    • 312.7m @ 0.02%MoS2
    • 45.5m @ 0.05% MoS2
  Select molybdenum-rich samples contained 0.04 to 0.13 ppm rhenium. Quartz-pyrite and quartz-pyrite-molybdenum-magnetite veins/veinlets are developed throughout the entire section and sphalerite with trace chalcopyrite occur locally. Alteration is present in narrow envelopes to the veins; however, where multi-phase veining is present the rock appears pervasively altered.
  • Hole Key-8 intersected several sections of anomalous to low-grade zinc mineralization, and anomalous silver, gold and lead, including:
    • 122.5m @ 452 ppm Zn & 0.012 g/t Au & 1.1 ppm Ag
    • 4.3m @ 0.114 g/t Au & 2.8 ppm Ag
  • Hole Key-9 intersected strongly anomalous zinc, silver, gold and lead mineralization, including:
    • 45.8m @ 0.01 g/t Au; 2.5 g/t Ag & 961 ppm Zn
    • 5.0m @ 0.05 g/t Au; 11.1 g/t Ag & 2279 ppm Zn

Hole Key-10, collared 2.2 km NE of Key-7, tested a coincident IP and copper-in-soil anomaly on the East Fault. It intersected silicified and pyritized (1-10%) alteration within felsic to intermediate volcanics with stringer quartz-pyrite-pyrrhotite veins/veinlets to 204.2 m. The zone also carries anomalous copper and tungsten.

Hole Key-12, drilled to test an IP anomaly, intersected monzonite intrusive with mafic dyking in the upper part of the hole. The monzonite carries disseminated pyrite (1-10%) throughout together with quartz-pyrite+/-chalcopyrite veins and stringers accompanied by anomalous copper values.

Table 1. Significant Drill Results

Hole   From
(m
) To
(m
) Width
(m
) Au
(ppm
) Ag
(ppm
) Cu
(ppm
) Pb
(ppm
) Zn
(ppm
) Mo
(ppm
) MoS2
(%
) W
(ppm
)
Key-7   6.1   318.8   312.7                       131   0.02      
incl   52.0   229.0   177.0                       181   0.03      
and   73.0   116.5   43.5                       216.8   0.04      
incl   181.8   227.3   45.5                       287.3   0.05      
    31.0   45.0   14.0                   673              
incl   34.8   38.5   3.7                   1237              
    50.0   62.0   12.0                   590              
incl   58.0   59.0   1.0                   4680              
    31.1   41.5   10.4           142                      
    110.5   183.0   72.5           149                      
    181.75   183.0   1.25   0.145                              
    265.1   266.78   1.68   0.144                              
   
Key-08   3.05   125.58   122.53   0.01   1.10       96   452              
incl.   3.05   5.6   2.55   0.01   2.50       957   1627              
and   27.0   47.4   20.4   0.01   1.87       111   418              
and   59.0   64.6   5.6   0.09   2.46       120   413              
incl.   59.0   63.3   4.3   0.11   2.83       136   319              
and   77.65   85.7   8.05   0.02   1.60       50   1719              
   
Key-09   25.4   71.2   45.8   0.01   2.50       151   961              
incl.   34.7   48.8   14.1   0.02   5.81       321   1484              
incl.   41.8   46.8   5.0   0.05   11.13       494   2279              
and   124.7   125.0   0.3   0.06   7.10       4080   486              
   
Key-10   15.24   204.22   188.98           375                   17  
incl.   125.14   128.08   2.94           1393                   59  
and   149.05   151.55   2.50           1268                   30  
and   185.93   186.7   0.77           1005                   5  
   
Key-12   112.6   138.5   25.9   <0.005   <0.5   280                      
incl.   128.15   129.15   1.0   0.027   13.9   1040                      

Hole Key-11 attempted to test one of the possible diatremes in the intrusive (September 16, 2010 news release) but was lost in thick overburden. 

Four holes tested targets on the Crag grid located on the west side of the property. Holes Key-3 and 5 tested coincident induced polarization/gold-in-soil/surface gold targets, while holes Key-4 and 6 tested two VTEM targets. The VTEM anomalies appear to be associated with fault/breccia zones in felsic to intermediate volcanics with local vein/disseminated pyrite. The IP/gold-in-soil/surface gold targets comprise silicified and pyritised (trace to 1%) felsic to intermediate volcanics. No significant values were returned. Holes Key-1 and 2 were lost in broken, rubbly ground and did not reach target depth.

Troymet is currently mobilizing a field crew to the property to continue prospecting and sampling in unexplored areas of the large (8,854 ha) property. The Company has also contracted specialists in glacial till mapping and sampling to advise and guide the field program. To date, less than a third of the property has been explored in any detail.

Additional IP surveying and soil sampling are planned to delineate the extent of the porphyry system prior to resumption of Diamond drilling. A number of drill targets in the area of Tsacha Mountain were inaccessible during the winter program due to terrain and weather, and are expected to be drilled this summer. Following receipt of all assays, the Company plans to schedule additional geophysical programs and Diamond drilling.

Samples were assayed at ALS Chemex, Vancouver, BC, an ISO 9001:2000 accredited facility. On-site management of the drill program was provided by Casselman Geological Services Ltd. All technical information for the Company's Key project is obtained and reported under a formal quality assurance and quality control (QA/QC) program, details of which are presented on the Company's website at: www.troymet.com/i/pdf/QAQC-Key.pdf.

Independent consultant, Scott Casselman, P.Geo., of Casselman Geological Services Ltd., is a qualified person as defined by NI 43-101 and has reviewed 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.

Troymet Exploration Corp.
Anthony Zelen
Investor Relations
1-888-456-4952
anthony@senergyir.com
www.troymet.com

Troymet Exploration Corp.

EXPLORATION STAGE
CODE : TYE.V
ISIN : CA8977731071
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Troymet is a silver and gold exploration company based in Canada.

Its main exploration properties are MCCLARTY LAKE, KEY, WHEATCROFT and GOLDEN EAGLE in Canada.

Troymet is listed in Canada. Its market capitalisation is CA$ 609 281 as of today (US$ 452 325, € 397 720).

Its stock quote reached its highest recent level on November 26, 2010 at CA$ 0.41, and its lowest recent point on June 28, 2019 at CA$ 0.01.

Troymet has 121 856 225 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Troymet Exploration Corp.
9/18/2013Cancels Private Placement
9/26/2011s Exploration Programs
8/19/2011Closes $1,844,850 Private Placement
7/29/2011Increases Private Placement to $1,500,000
12/8/2009Announces $500,000 Private Placement
7/9/2008Completes $1,300,000 Unit Private Placement
Project news of Troymet Exploration Corp.
3/25/2015(Key)Reports: New Gold Completes Expenditure Commitment on the Ke...
3/19/2015(Mcclarty Lake)Announces That McClarty Lake JV Identifies New VMS Targets
12/11/2013(Key)Completes Sale of Key Property
11/19/2013(Key)Signs Agreement to Sell Key Property
4/15/2013(Mcclarty Lake)Reports on the 2013 Drill Program at McClarty Lake Project
1/14/2013(Key)Reports Assays From Key Project
1/14/2013(Key)Reports Assays From Key Project
11/8/2012(Key)Completes Drilling on Key Project
10/4/2012(Key)Mobilizes Drill to the Key Project
9/18/2012(Key)Resumes Exploration & Schedules Drilling on Key Project
8/14/2012(Mcclarty Lake)& Hudbay Sign Joint Venture Agreement on McClarty Lake Proje...
7/24/2012(Key)s Progress and Expands Program at Key Gold Project
5/29/2012(Key)Initiates Exploration Program on Key Project
3/1/2012(Key)Focuses on Key Project
2/16/2012(Golden Eagle)Intersects 1.27 g/t Gold over 36.45 metres at Golden Eagle
1/12/2012(Mcclarty Lake)s Exploration Progress at McClarty Lake
11/30/2011(Golden Eagle)Completes Drilling at Golden Eagle
10/12/2011(Golden Eagle)Mobilizes Drill to Golden Eagle Project
6/13/2011(Key)Completes Phase I Exploration on Key Project
6/6/2011(Mcclarty Lake)Reports HudBay Earnback Complete on McClarty Lake Project
4/5/2011(Key)s Drill Program on Key Project
3/30/2011(Mcclarty Lake)Optionee HudBay Drilling at McClarty Lake
3/3/2011(Key)s Drill Programs at Key & McClarty Lake Projects
2/15/2011(Mcclarty Lake)Drilling at McClarty Lake
2/10/2011(Key)Drilling on Key Property
6/21/2010(Key)Confirms Regional Structures on Key Project
6/10/2010(Key)Identifies Structures on Key Project
5/20/2010(Key)Mobilizes Crews to Key Project
4/28/2010(Key)Reports Anomalous Gold at Key - Plans Summer Drill Program
4/13/2010(Key)to Drill on Key Project
3/8/2010(Mcclarty Lake)Confirms VMS Target on 100% Owned McClarty Claims
2/17/2010(Golden Eagle)Confirms New Gold Targets
1/28/2010(Mcclarty Lake)Commences Winter Program
1/14/2010(Mcclarty Lake)Winter Program
12/21/2009(Golden Eagle)Identifies 9 New Target Areas
10/2/2009(Golden Eagle)Mobilizes Drill
10/21/2009(Golden Eagle)Completes Drilling
11/6/2009(Mcclarty Lake)Plans to Drill the Mac Target
9/10/2009(Golden Eagle)Commences Exploration Program at Golden Eagle Project
6/25/2009(Golden Eagle)Updates Skarn Zone, Golden Eagle Project
6/16/2009(Golden Eagle)Targets Bulk-Tonnage Gold at Golden Eagle
2/24/2009(Golden Eagle)Confirms Intrusion Related Gold System on Golden Eagle Proje...
8/13/2008(Key)Completes Airborne VTEM Survey at the Key Project
6/13/2008(Mcclarty Lake) Hudson Bay to Earn Back Interest in Troymet's McClarty Lake...
5/15/2008(Mcclarty Lake)Reports Final Drill Results from McClarty Lake
4/25/2008(Mcclarty Lake) Preliminary Geological and Geophysical Observations at McCl...
4/9/2008(Mcclarty Lake) First McClarty Lake Holes Intersect Zinc, Copper and Gold
3/17/2008(Mcclarty Lake)Intersects Massive Sulphide Mineralization at McClarty Lake ...
3/5/2008(Mcclarty Lake) Completes VTEM Survey on McClarty Lake VMS Property
2/28/2008(Mcclarty Lake)Drilling Underway at McClarty Lake VMS Project
2/11/2008(Mcclarty Lake)Drill to McClarty Lake VMS Project
1/9/2008(Mcclarty Lake) Commence Winter Exploration Program at McClarty Lake VMS Pr...
Corporate news of Troymet Exploration Corp.
7/25/2016Troymet Identifies New Drill Targets & Expands Prospective A...
7/11/2016Troymet Starts Detailed Sampling of Gold and 3DIP Anomalies ...
6/20/2016Troymet Reports Significant 3DIP Results at Redhill
6/2/2016Troymet Completes Wildcat Drill Program
5/10/2016Troymet Commences RC Drill Program at Wildcat Project - Utah
5/10/2016Renaissance Gold Obtains Drill Permit for Wildcat Project
4/26/2016Troymet Commences Induced Polarization Survey at Redhill
4/4/2016Troymet Starts Field Program at Redhill
1/20/2016Renaissance Gold Exploration Update
1/19/2016Troymet Targets the Core Area at Wildcat
12/15/2015Troymet’s Joint Venture Partner Plans Ground Geophysics at M...
12/15/2015Troymet's Joint Venture Partner Plans Ground Geophysics at M...
11/24/2015Troymet Targets the Rattler Breccia at Wildcat
10/29/2015Troymet Identifies New Copper and Gold Soil Anomalies at Red...
10/20/2015Troymet Identifies Significant Copper and Gold Soil Anomalie...
10/7/2015Troymet Reviews Initial Drill Targets on Alpha Zone
9/16/2015Troymet Completes Redhill Field Program
8/20/2015Troymet Shareholders Approve All Matters at AGM
7/27/2015Troymet Updates Wildcat SE Target Area Progress
7/14/2015Troymet Appoints New Auditor
7/9/2015Troymet Options Redhill Project From Homegold
3/19/2015Troymet Announces That McClarty Lake JV Identifies New VMS T...
2/23/2015Troymet Options Wildcat Project from Renaissance Gold
1/16/2015Grants 1.35 Million Stock Options
1/16/2015Troymet Grants 1.35 Million Stock Options
12/8/2014Troymet Terminates Thelon Option & Provides Corporate Update
10/20/2014Troymet Reports Significant Skarn Zone Prospecting Results
8/20/2014Troymet Announces Corporate Update
7/18/2014Troymet Shareholders Approve All Matters at AGM
6/2/2014Troymet Announces Appointment of CFO
5/13/2014Troymet Announces the Resignation of Brian Cebryk as CFO of ...
4/28/2014Troymet Announces Adoption of Advance Notice By-Law
2/19/2014Provides Corporate Strategy Update
6/14/2013(Mcclarty Lake)Receives Assays from Hudbay for McClarty Lake
4/19/2013Shareholders Approve All Matters at AGM
3/25/2013Files AGM Materials and Announces AGM Matters
1/23/2013(Mcclarty Lake)s McClarty Lake Planning
7/10/2012(Golden Eagle)Files NI 43-101 Technical Report for Golden Eagle Gold Proje...
6/12/2012(Key)Files NI 43-101 Technical Report for Key Gold Project
1/19/2012(Key)Identifies Large Geochemical Soil Anomalies and Additional D...
5/9/2011(Key)Intersects Porphyry Style Mineralization on Key Project
4/11/2011(Mcclarty Lake)Identifies Extension of Discovery Horizon at McClarty Lake P...
1/25/2010Update on Status
2/23/2010Expands Geophysical Survey at McClarty
1/23/2010Completes $500,000 Financing
8/11/2009s Activities
9/4/2008Extends Tannis Zone at Golden Eagle Project
8/7/2008Commences Drilling at Golden Eagle Project
8/1/2008Provides Operational Update
1/16/2008Tax Rollover Election Reminder to Former Signet Shareholders
9/26/2007Announces Base Metal Discovery at McClarty Lake VMS Project
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (TYE.V)
0.005+0.00%
TSX-V
CA$ 0.005
06/28 17:00 -
0%
Prev close Open
0.005 0.010
Low High
0.005 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.005 -%
Volume 1 month var.
1,743,000 -%
24hGold TrendPower© : -11
Produces
Develops
Explores for Copper - Gold - Silver - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/24/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.76-0.29%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.51-6.49%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-0.34%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-20.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.16+3.35%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.54-6.49%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.30+11.32%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.20-2.44%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.54-4.51%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 38.68+0.86%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.08+2.60%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.