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Re: News Releases - Wednesday, January 09, 2008
Troymet to Commence Winter Exploration Program at McClarty Lake
VMS Project
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January 9, 2008 - Troymet Exploration Corp. (TSXV:TYE) (the "Company")
is pleased to announce the start of its winter exploration program on
the McClarty Lake project, located 47 kilometres southwest of Snow
Lake, Manitoba. A detailed helicopter-borne VTEM survey is scheduled to
be flown over the property in January and
Diamond drilling is planned
to commence in early February.
Troymet's 2007 discovery of zinc-rich volcanogenic massive sulphide
(VMS) mineralization at McClarty Lake represents a new discovery in a
significantly under-explored area. The property is located
approximately 24 kilometres southeast of the VMS Ventures Inc.'s Reed
Lake discovery and approximately 45 kilometres south-southeast of
HudBay Minerals Inc.'s Lalor Lake discovery.
The mineralization at McClarty is associated with a minimum 600-metre
long, north-trending electromagnetic (EM) conductor. Drilling in 2007
intersected semi-massive to massive sulphides in four of five holes
over a 475-metre strike length of the conductor system (Reference:
September 26, 2007 news release). Drill hole SIG-02-07 returned the
best intersection of 2.94% zinc and 0.17% copper over 7.45 metres;
including 4.78% zinc over 2.71 metres. Drilling approximately 225
metres to the north of SIG-02-07 intersected precious metal
mineralization and anomalous base metal values in semi-massive to
massive sulphides. The best precious metal intersection was 4.17 g/t
gold and 8.48 g/t silver over 4.0 metres in drill hole DYC016. The
225-metre strike length between these holes remains untested.
Troymet has contracted GEOTECH Ltd. to conduct a detailed
helicopter-borne VTEM survey over the property. Characteristics of the
VTEM system include deep penetration, detection of weak anomalies and
excellent spatial resolution of conductors. The objective of the VTEM
survey is to fully define the extent of the +600-metre long conductor
system associated with the VMS mineralization, and to test for the
presence of other conductors which may also have associated VMS
mineralization. A significant drilling program is planned to delineate
the McClarty VMS discovery and to test any new targets identified by
the VTEM survey.
The McClarty Lake property comprises five contiguous mineral claims
totalling 596 hectares. Troymet owns 100% of three of the claims staked
in 2000 and holds an option to obtain a 60% interest in two claims (252
hectares) from Hudson Bay Exploration and Development (HBED).
Tracy Hurley, PGeo, Vice President, Exploration and qualified person as
defined by National Instrument 43-101 is responsible for the technical
information provided in this release.
For further information, contact:
Tracy Hurley (250) 468-5557; th@troymet.com
Kieran Downes (250) 729-0453; kd@troymet.com
Website: www.troymet.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. Statements in this press release
may contain forward-looking statements. Except for statements of
historical fact, all statements in this press release - including,
without limitation, statements regarding future plans and objectives of
the Company - are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
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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 Jan 8, 2008 at 3:43:18 PM Pacific Time
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