Troymet Identifies Extension of Discovery Horizon at McClarty Lake Project
Published : April 11, 2011
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Keywords :   Copper | Diamond | Market | Zinc |

COMOX, BRITISH COLUMBIA--(Marketwire - April 11, 2011) - Troymet Exploration Corp. (News - Market indicators) ("Troymet" or the "Company") is pleased to report that its recently completed reconnaissance drilling program at McClarty Lake identified the northern extension of the horizon that hosts the Discovery zone.

The newly identified Mac zone was selected for drilling following the completion of a pulse electromagnetic (PEM) survey of a VTEM conductor trend. The results are significant as they indicate the presence of a +2,000-metre long stratigraphic horizon that carries base metal mineralization in the two locales, where tested. The recognition of a productive, base metal mineralized horizon extending through Troymet`s 100% owned claims significantly increases the possibility of a significant VMS discovery on the Company's 100% owned ground. Volcanogenic massive sulphide ("VMS") deposits form at specific times on specific stratigraphic horizons, in marine extensional basins associated with volcanic arcs. As an example "In the Snow Lake camp the Lalor deposit is similar to other massive sulphide deposits in the Chisel sequence (Chisel, Lake, Ghost Lake, Chisel North and Photo Lake), and lies along the same stratigraphic horizon as the Chisel Lake and Chisel North deposits." (Reference: Technical Report on the Lalor Lake Deposit by Scott Wilson Mining for HudBay Minerals Inc., 2008).

Three holes (1,156 metres) tested the Mac EM conductor over a 300-metre strike length (see drill hole compilation and Mac conductor drill plan maps at www.troymet.com/s/McClartyLake-Images.asp). Following completion of the first hole it was quickly recognized that it had been drilled down-dip and the azimuth of holes two and three were changed accordingly. This was the first drilling ever conducted in the area. Multiple anomalous zones are present in all three holes; a summary is as follows:

MAC-11-01 (120° azimuth/-75° dip) intersected an intrusive margin complex (IMC) to 178 metes depth followed by mafic volcanics to 413 metres (end of hole). The IMC is described as a heterogeneous zone characterized by xenoliths (remnant rafts) of mafic volcanics and minor metasediments within a granitic to tonalitic intrusion. Several 1-2 metre wide pyritic zones (3-5% pyrite ± graphite ± quartz veining) hosted within volcanic xenoliths returned anomalous copper values up to 1,202 ppm (0.12%) Cu.

MAC-11-02 was collared 100 metres grid north and drilled in the opposite direction at 290° azimuth and -50° dip. The hole intersected mafic volcanics and gabbro to 159 metres followed by felsic volcaniclastics to 230 metres. The felsic volcanic horizon hosts a number of 1- to 4-metre wide, finely laminated pyritic zones containing up to 15% pyrite ± graphite, returning anomalous copper (up to 294 ppm) and zinc up to 196 ppm). Xenolithic tonalite intrusive predominated for the remainder of the hole, characterized by xenoliths of mafic volcanics and zones of strong sulphide replacement. The 1- to 2-metre wide sulphidic zones host up to 10% pyrite, 30% pyrrhotite and <1% chalcopyrite, returning anomalous copper and zinc values up to 1,038 ppm (0.10%) Cu and 361 ppm Zn.

MAC-11-03 was collared 100 metres grid south of MAC-11-01 and drilled at 290° azimuth and -60° dip. The hole intersected mafic volcanics to 184 metres depth followed by xenolithic granodiorite intrusive to 371 metres (end of hole). The granodiorite is characterized as hosting abundant volcanic xenoliths and zones of strong sulphide replacement. The 2- to 3-metre wide sulphidic zones host up to 20% pyrite, <1% sphalerite and trace chalcopyrite, returning anomalous copper and zinc values up to 281 ppm Cu and 4,341 ppm (0.43%) Zn.

Management is pleased with the results of the first-pass reconnaissance drilling program, which has extended the productive volcanic horizon over a strike length in excess of two kilometres. The presence of volcanic xenoliths and strongly sulphidized zones within the various intrusive bodies suggests that the volcanic horizon, where intersected, has been partially digested. There is potential for uninterrupted extensions of the mineralized volcanics along strike and to depth.

Given the absence of outcrop in this region of the Snow Lake camp, the location and orientation of initial drill holes were based entirely on the interpretation of various geophysical surveys. A review of the PEM survey with representatives of Crone Geophysics concluded that the orientation of the PEM survey was not optimal, and that a survey of the VTEM conductor trend from loops laid out east of the trend could identify additional conductors along the productive horizon. The PEM conductor/Mac zone remains open to the north and south, as well as to depth. Further PEM surveys and Diamond drilling are required to adequately explore the Mac mineralized zone.

The McClarty Lake property is located near Snow Lake, Manitoba and lies ~45 kilometres south of HudBay's Chisel North and Lalor volcanogenic massive sulphide (VMS) deposits. The property comprises three claims (MAC-1, MAC-2 & MAC-3; 344 hectares) owned 100% by Troymet and two claims owned (DYC3606 & DOL78; 252 hectares) owned 60% by Troymet and 40% by HudBay ("option claims"). HudBay is earning an additional 20% interest in the option claims by spending $750,000 on exploration by June 5, 2011. A Diamond drilling program in the Discovery zone area is currently underway.

All technical information for the Company's McClarty Lake 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-MC.pdf. The 2011 drilling program was managed by Casselman Geological Services Ltd. of Whitehorse, YK. Samples were analyzed by ACME Analytical Laboratories in Vancouver, BC, an ISO 9001:2008 accredited facility.

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

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.
Greg Clay
Investor Relations
1-888-456-4952
greg@senergyir.com
www.troymet.com

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
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4/15/2013(Mcclarty Lake)Reports on the 2013 Drill Program at McClarty Lake Project
1/14/2013(Key)Reports Assays From Key Project
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11/8/2012(Key)Completes Drilling on Key Project
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1/12/2012(Mcclarty Lake)s Exploration Progress at McClarty Lake
11/30/2011(Golden Eagle)Completes Drilling at Golden Eagle
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6/13/2011(Key)Completes Phase I Exploration on Key Project
6/6/2011(Mcclarty Lake)Reports HudBay Earnback Complete on McClarty Lake Project
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3/30/2011(Mcclarty Lake)Optionee HudBay Drilling at McClarty Lake
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2/15/2011(Mcclarty Lake)Drilling at McClarty Lake
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3/8/2010(Mcclarty Lake)Confirms VMS Target on 100% Owned McClarty Claims
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10/2/2009(Golden Eagle)Mobilizes Drill
10/21/2009(Golden Eagle)Completes Drilling
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5/15/2008(Mcclarty Lake)Reports Final Drill Results from McClarty Lake
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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
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8/20/2015Troymet Shareholders Approve All Matters at AGM
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7/14/2015Troymet Appoints New Auditor
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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...
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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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