Troymet Reports Assays From Key Project
Published : January 14, 2013
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COMOX, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2013) - Troymet Exploration Corp. (News - Market indicators) ("Troymet" or the "Company") reports results from the fall, reverse circulation drilling program on its 100% owned Key gold project in British Columbia (16 holes - 867 metres). Active logging severally restricted access for drilling with the result that only four target areas were drilled: Buzz, SGN, Blue and P1A (Key_Au-DH-PA1.jpg">www.troymet.com/i/maps/Key_Au-DH-PA1.jpg). Access to the SGN anomaly was restricted to the northern end of the anomaly at Good News Lake - the core of the anomaly has not been drilled. Access to the Blue anomaly was restricted to two sites (www.troymet.com/i/maps/Key_Au-DH-PA2.jpg). Hole RC- 10 intersected bedrock gold mineralization in the Buzz B anomaly; holes RC-15 and RC-16 intersected wide zones of alteration carrying anomalous gold +/- silver at the north end of the SGN anomaly; and hole RC-01 intersected anomalous copper over a significant width in the Blue anomaly. The area continues to be actively logged and it is anticipated that there will be excellent access for drilling of all target areas and for surface exploration upon completion of the logging program. The 8,854 hectare Key project is strategically located immediately adjacent to New Gold Inc.'s Blackwater gold deposit where a positive Preliminary Economic Assessment was announced on September 20, 2012.

Buzz Anomaly

The Buzz gold-in-soil anomaly occurs on a rugged NW-trending ridge along the GN Fault in an area of generally shallow overburden cover. The anomaly occurs within an area approximately 1,400 metres long and ranging in width from 600 to 900 metres. There are three parts to the anomaly:

  • Buzz A: ~ 1,300 metres long and 200 metres wide.
  • Buzz B: ~ 500 metres long and 200 metres wide, it flanks the Buzz A to the northwest.
  • Buzz C: ~ 350 metres long and 250 metres wide, it flanks the Buzz A to the southwest.

The drill program tested for bedrock gold mineralization under and adjacent to high gold-in-soil anomalies regardless of whether there was an associated induced polarization anomaly. Holes RC-08, RC-09 and RC-10, drilled on a ~125 metre long east-west section through the Buzz B (max. value 0.22 g/t Au), intersected bedrock gold-silver mineralization - elevated values in RC-09 and significant values in RC-10 (0.38 g/t gold over 13.71 metres including 2.74 g/t gold over 1.52 metres - Table 1). The mineralization occurs within the peak of the Buzz B anomaly and is open to the north, south, east and to depth. Holes RC-09 and RC-10 were drilled heel to toe. The mineralization in both holes starts immediately in the sub-crop indicating the Buzz B gold-in-soil anomaly is reflecting bedrock gold mineralization.

Hole RC-03 and RC-04 (Buzz C) were drilled as 25 metre step outs, north and south respectively, of the silver intersection in hole Key-091 (11.13 g/t silver, 0.23% zinc and 0.05 g/t gold over 5.0 metres). Hole RC-04 intersected 2 sections with anomalous silver (Table 1).

Holes RC-05, RC-06 and RC-07 (Buzz C) were drilled on an ~110 metre long east-west section to the west of Key-09. Hole RC-05 intersected two intervals with anomalous silver (Table 1). The hole is anomalous throughout in zinc.

Holes RC-11 and RC-14 (Buzz A), were drilled to test a peak gold-in-soil anomaly of 0.34 g/t gold. RC-14 intersected several intervals of significantly anomalous molybdenum (Table 1) which correlate well with the molybdenum intersections in Key-071 ~200 metres to the south. RC-11 also intersected anomalous, but lower, molybdenum and copper values.

The multi-element soil anomalies appear to be mapping bedrock mineralization. Important drill targets remain to be drill tested.

1News Release of May 9, 2011

SGN Anomaly

The SGN gold-in-soil anomaly extends south from Good News Lake for approximately 2,000 metres. The anomaly ranges in width from ~380 metres in the north to ~ 200 metres in the south. Induced polarization survey lines were completed at three locations to position the anomaly for drill testing. Line 1was surveyed at the northern limit of the anomaly at Good News Lake. Lines 2 and 3 were surveyed further south. The data indicates an east dipping structure. The shape of the soil anomaly appears to be a product of a glacial transport direction from the southwest intersecting an east dipping, north to northwest trending structure.

The induced polarization survey on Line 1 indicated a coincident strong chargeability and resistivity anomaly, approximately 550 metres wide, just north of peak gold-in-soil values of 0.42 g/t and 0.14 g/t gold. Holes RC-15 and RC-16 were collared ~190 metres apart and drilled westerly to test the anomaly. Hole RC-15 intersected variably bleached and altered andesitic volcanics carrying disseminated pyrite (trace to >5%) and disseminated and net textured magnetite (trace to 2%) from surface to 62.48 metres. The hole cut two intervals of anomalous gold +/- silver (Table 1). Hole RC-16 intersected quartz veining, silicification and haematization in bleached and pyritic (trace to 2%) andesitic volcanics from 9.14 metres to the end of the hole at 70.10 metres. The interval 10.67 to 45.72 metres contains anomalous gold values (Table 1). The interval 22.86 to 45.72 metres also carries anomalous silver values.

The two holes were not drilled in the best part of the anomaly which is between 300 - 400 metres to the south. Here, peak gold-in-soil values are 0.25 to 0.50 g/t, and there is gold (0.22 g/t), silver (14.3 g/t) and tungsten (260 ppm) in a surface sample2.

Blue Anomaly

The Blue anomaly comprises a trend of gold-in-soils that initially trends to the north and then arcs to the northeast across the East Fault. This orientation approximates the orientation of the Blackwater gold deposit. Currently, no controlling structure is recognized.

Hole RC-01 was drilled to test a coincident chargeability high and a copper- and gold-in-soil anomaly. It intersected 1.34 g/t silver and 0.12% copper over 23.17 metres in hornfelsed and sulphidized felsic to mafic volcanics, locally displaying quartz veinlets and trace disseminated chalcopyrite. RC-02 was collared ~ 500 metres north of RC-01 to test a gold-in-soil anomaly on the East Fault. It intersected a narrow interval of anomalous gold starting at 4.57 metres in pyritic micro-diorite (Table 1).

P1A Anomaly

The P1A VTEM anomaly is located on the GN Fault in an area of rugged topography. Holes RC-12 and RC-13 tested the anomaly. The two holes intersected andesitic volcanics carrying disseminated and veinlet controlled minor magnetite and pyrrhotite as well as trace pyrite. Both holes intersected anomalous zinc but no anomalous gold or silver values (Table 1).

Prospecting

There is widespread overburden coverage and limited bedrock exposure in the target areas. Prospecting was carried out in conjunction with the soil sampling program which finished in July 2012. Subsequently, the principal target areas were again prospected to ensure complete coverage. New exposures created by logging were prospected prior to the start of drilling. The best results were obtained from the Key West area and from copper rich volcanics along the East Fault (Table 2). The original surface gold discovery (4.57 g/t gold2) targeted by hole Key-01 at West Key was excavated by hand. Four mineralized narrow quartz veins, three of which are gold-silver-copper bearing, were traced over approximately 15 metres before disappearing under thick overburden. Active logging has opened up this area and further exploration is required to evaluate the shear zone/quartz vein system. Malachite was found in quartz-carbonate veined vesicular mafic volcanics at the southern end of the East Fault (Table 2).

Check Assaying

Check assaying was conducted on 50 samples for gold and 100 samples for silver, copper, lead and zinc. The check assays were processed through a 150 micron sieve (versus a standard 75 micron sieve) to determine if there was any coarse gold present. None was detected. Check analyses for silver, copper, lead and zinc used 2 grams of sample to ensure that a larger, more representative sample of the 150 micron split was analyzed. There were no significant changes from the initial analyses.

2 Technical Report, Key Property, British Columbia, Canada - SEDAR Filed June 12, 2012

     
Table 1   Significant Drill Results     
 
Hole From To Interval * Au Ag Cu Pb Zn Mo
# (m) (m) (m) g/t g/t ppm ppm ppm ppm
RC-01 5.79 47.24 41.45     910     46
  incl 5.79 28.96 23.17   1.34 1247      
RC-02 4.57 6.10 1.53 0.144 1.40 1740   223  
RC-03 No Significant Values            
RC-04 0.00 50.29 50.29         639  
  incl 0.00 7.62 7.62   1.60        
  and 13.72 27.43 13.71   1.43        
  and 41.15 50.29 9.14   1.88        
RC-05 0.00 50.29 50.29         1000  
  incl 3.05 4.57 1.52   4.30   848 3190  
  and 21.30 35.05 13.71         1327  
  incl 21.34 24.38 3.04 0.023 3.80        
RC-06 No Significant Values            
RC-07 2.13 50.29 48.16         338  
  incl 19.81 21.34 1.53 0.030          
RC-08 3.05 13.72 10.67         1402  
  incl 12.19 13.72 1.53   0.60        
RC-09 3.05 4.57 1.52 0.014 0.80        
  9.14 10.67 1.53 0.013 0.70        
  13.72 15.24 1.52 0.020 0.60        
  18.29 30.48 12.19   1.20        
  incl 22.86 28.46 6.70   1.84        
  and 22.86 24.38 1.52 0.030 2.20        
  38.10 39.62 1.52 0.020 1.70        
RC-10 3.05 16.76 13.71 0.380 0.50     366  
  incl 3.05 4.57 1.52 2.740 1.20        
RC-11 22.86 38.10 15.24   0.40 177     31
RC-12 3.05 12.19 9.14         311  
RC-13 2.44 50.29 47.85         237  
  incl 2.44 10.67 8.23         552  
RC-14 12.19 56.39 44.20         99 60
  incl 21.34 22.86 1.52           127
  and 32.00 33.53 1.53           153
  and 38.10 39.62 1.52           225
  and 51.82 54.86 3.00           131
RC-15 27.43 32.00 4.57 0.021 0.02 465      
  38.10 45.72 7.62 0.070   540      
  incl 41.15 42.67 1.52 0.087 3.00 1345      
RC-16 10.67 45.72 35.05 0.014   342      
  incl 22.86 45.72 22.86 0.015 1.13 456      
 
Table 2   Significant Prospecting Results
 
Sample_ID Au g/t Ag g/t Cu ppm Pb ppm Zn ppm Description
HGS-091a 7.74 29.3 8830 21 190 West Key: Vein1 - grab
HGS-091b 1.695 5.3 1375 15 272 West Key: Vein 1 - 60 cm chip
HGS-092 0.862 3.6 1490 14 287 West Key: Vein 1 - grab
HGS-091c 12.65 81.4 17850 31 377 West Key: Vein 2 - grab
HGS-093a 0.512 5.1 114 40 76 West Key: Vein 3 - grab
HGS-093b 0.184 0.7 29 11 86 West Key: Vein 3: 25 cm chip
HGS-094a 0.028 <0.5 92 12 133 West Key: Vein 4 - grab
HGS-094b 0.005 <0.5 31 16 195 West Key: Vein 4 - 25 cm chip
SG12-07 12.65 26.7 3260 22 199 West Key: grab of 15 cm vein
HGS-099 <0.005 7.5 11550 3 13 East Fault: grab copper in volcanics
 
Table 3   Drill Hole Specifications
 
Hole_ID East North Elev Azim Dip EOH
RC12-01 376250 5884603 1378 90 -50 46.94
RC12-02 376242 5885096 1448 90 -50 65.53
RC12-03 374543 5883802 1421 90 -50 50.29
RC12-04 374549 5883747 1432 90 -50 50.29
RC12-05 374467 5883773 1442 90 -50 50.29
RC12-06 374428 5883779 1459 90 -50 50.29
RC12-07 374390 5883772 1478 90 -50 50.29
RC12-08 374042 5884022 1503 90 -50 50.29
RC12-09 374098 5884028 1521 90 -50 53.34
RC12-10 374137 5884021 1487 90 -50 51.82
RC12-11 374436 5884234 1488 90 -60 50.29
RC12-12 374492 5885349 1490 90 -50 50.29
RC12-13 374647 5885350 1487 90 -50 50.29
RC12-14 374605 5884173 1444 270 -50 56.39
RC12-15 375501 5883812 1370 270 -50 70.10
RC12-16 375689 5883797 1341 270 -50 70.10

Drill samples were analyzed by ALS Chemex Labs Ltd. an ISO 9001:2000 certified laboratory. Troymet maintains a QAQC program whereby standard samples and blanks are inserted into each batch of samples to ensure quality control.

Kieran Downes, P. Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and verified 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. In particular, this press release contains forward-looking information in respect of potential expenditures and a potential discovery on the McClarty Lake project. All statements included herein, other than statements of historical fact, are 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. 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, that the results it has received and the interpretation thereof are reliable 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. A description of other assumptions used to develop such forward-looking information and a description of other 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
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Troymet Exploration Corp.

EXPLORATION STAGE
CODE : TYE.V
ISIN : CA8977731071
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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.

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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
1/16/2015Troymet Grants 1.35 Million Stock Options
1/16/2015Grants 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
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