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Troymet Completes Drilling on Key Project
Published : November 08, 2012
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COMOX, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2012) - Troymet Exploration Corp. (News - Market indicators) ("Troymet" or the "Company") reports the fall drilling program on its 100% owned Key gold project in British Columbia has been completed. A total of 867 metres of reverse circulation drilling (RC) were completed in 16 holes. Drilling tested gold-in-soil anomalies +/- coincident induced polarization anomalies in the Buzz (10 holes), SGN (2 holes), P1A (2 holes) and Blue (2 holes) target areas.

Induced polarization surveys (9.6 kms) were conducted over the SGN, Blue, Moly, Tsacha, VF and Eye target zones (see http://www.troymet.com/i/maps/Key_Au-Zones.jpg). The strongest association of gold-in-soil and IP anomalies were identified at the Buzz, SGN and Blue target zones with the result that these were selected as priority targets for drill testing. The P1A target is a coincident gold-in-soil anomaly and VTEM anomaly on the north side of a strong IP anomaly. Active logging restricted access to certain other drill targets in the SGN, Blue and Moly zones.

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.

Casselman Geological Services Ltd. provided technical management of the field program for the Company. Drill samples will be analyzed at ALS Chemex Labs Ltd. in Vancouver, BC, an ISO 9001:2000 accredited laboratory. Troymet maintains a QAQC program whereby standard samples and blanks are inserted into each batch of samples to ensure quality control. Results will be reported once all are received, interpreted and validated.

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

Website: www.troymet.com

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.

Anthony Zelen
Investor Relations
1-888-456-4952
anthony@senergyir.com
Companies Mentionned : New Gold | Total | Troymet |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

Troymet Exploration Corp.

EXPLORATION STAGE
CODE : TYE.V
ISIN : CA8977731071
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Troymet is an exploration silver and gold 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$ 3.7 millions as of today (US$ 2.8 millions, € 2.5 millions).

Its stock quote reached its highest recent level on November 26, 2010 at CA$ 0.41, and its lowest recent point on April 15, 2016 at CA$ 0.01.

Troymet has 121 860 000 shares outstanding.

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Financings of Troymet Exploration Corp.
9/18/2013Cancels Private Placement
12/27/2011Completes $196,539 Flow-Through Share and Unit Private Place...
9/26/2011s Exploration Programs
8/19/2011Closes $1,844,850 Private Placement
11/2/2010Closes First Tranche of Private Placement
10/23/2010Increases Private Placement to $3,000,000
10/19/2010Announces $2,000,000 Private Placement
12/8/2009Announces $500,000 Private Placement
7/9/2008Completes $1,300,000 Unit Private Placement
Option Grants of Troymet Exploration Corp.
11/22/2010Grants 1.45 Million Stock Options options to directors, off...
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
3/4/2013(Mcclarty Lake)Announces Drill Program Underway at McClarty Lake Project
3/4/2013(Mcclarty Lake)Announces Drill Program Underway 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
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
11/3/2011(Key)Completes Soil Sampling at Key Project
10/12/2011(Golden Eagle)Mobilizes Drill to Golden Eagle Project
2/15/2011(Mcclarty Lake)Drilling at McClarty Lake
2/10/2011(Key)Drilling on Key Property
10/6/2010(Key)Locates Large Soil Anomaly on Key Project
9/16/2010(Key)Identifies Possible Gold-Related Diatremes on Key Project
9/27/2010(Key)Receives Drill Permit for Key Project
9/20/2010(Key)Key Area III Contains Gold-Silver-Zinc Soil Anomalies
6/10/2010(Key)Identifies Structures on 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
10/21/2009(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
2/11/2008(Mcclarty Lake)Drill to McClarty Lake VMS Project
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12/15/2015Troymet’s Joint Venture Partner Plans Ground Geophysics at M...
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12/1/2015Troymet Awarded Drill Permit for Redhill Project
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11/10/2015Troymet Completes Wildcat Program and Selects Drill Targets
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10/20/2015Troymet Identifies Significant Copper and Gold Soil Anomalie...
10/7/2015Troymet Reviews Initial Drill Targets on Alpha Zone
9/22/2015Troymet Completes Detailed Geophysical Survey of Drill Targe...
9/16/2015Troymet Completes Redhill Field Program
9/2/2015Troymet Updates Projects Status
8/20/2015Troymet Shareholders Approve All Matters at AGM
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7/14/2015Troymet Appoints New Auditor
7/9/2015Troymet Options Redhill Project From Homegold
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2/23/2015Troymet Options Wildcat Project from Renaissance Gold
1/16/2015Grants 1.35 Million Stock Options
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8/20/2014Troymet Announces Corporate Update
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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
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...
12/21/2010Announces Three Diamond Drill Programs
12/6/2010Completes Geochemical Sampling at Key
1/25/2010Update on Status
2/23/2010Expands Geophysical Survey at McClarty
1/23/2010Completes $500,000 Financing
8/11/2009s Activities
3/12/2009Identifies VMS Targets at the Key Project
9/4/2008Extends Tannis Zone at Golden Eagle Project
8/7/2008Commences Drilling at Golden Eagle Project
8/1/2008Provides Operational Update
6/7/2008Announces Financing
1/16/2008Tax Rollover Election Reminder to Former Signet Shareholders
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