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Re: News Releases - Thursday, September 04, 2008
Troymet Extends Tannis Zone at Golden Eagle Project
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September 4, 2008 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or
the "Company") is pleased to announce the completion of diamond
drilling on its 100% owned Golden Eagle project in northwest British
Columbia. Twelve holes (2,406 metres) were drilled on the
intrusive-hosted Tannis zone over a 250-metre strike length to follow
up high-grade gold-silver mineralization previously intersected in four
holes drilled in 2005-2006 (Reference: Sept. 24, 2007 news release).
One hole was abandoned prior to reaching target depth due to broken and
faulted ground conditions. Assay results are pending and will be
released once received and compiled.
Arsenopyrite (+ pyrite) as disseminated, replacement-type and stringer
mineralization within quartz veins was encountered in all eleven of the
holes that reached target depth. The mineralized vein system was
intersected in rhyolitic intrusive as well as in mafic volcanics of the
Boundary Range Metamorphic Suite, and in granitic intrusive rocks at
depth beneath the rhyolite. The presence of granitic intrusive at depth
indicates a composite, volatile-rich intrusive system in this locale,
which to-date has only been tested by shallow drilling. The aerial
extent of the rock types in which the mineralized vein system occurs
has greatly increased the potential for further discoveries.
A mapping/prospecting program is currently underway on the Tannis zone
and over the Jurassic volcanic/sediments that flank the Tannis zone to
the west. Reconnaissance soil geochemical sampling suggests the
mineralized veins continue into or beneath the volcanics/sediments.
The 2008 drilling and prospecting program has been managed by Equity
Exploration Consultants Ltd. of Vancouver BC. All samples have been
sent to the ALS Chemex sample preparation facility in Terrace, BC and
will be analysed at the ALS Chemex laboratory in Vancouver BC.
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 Thu Sep 4, 2008 at 10:51:07 AM Pacific Time
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