Troymet Exploration Corp. Confirms Intrusion Related Gold System on Golden Eagle Project by 24hgold

Mots clés associés : Copper | Fort Knox | Knox | Zinc |

Re: News Releases - Tuesday, February 24, 2009
Title: Troymet Confirms Intrusion Related Gold System on Golden Eagle Project

February 24, 2009 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the "Company") is pleased to report on the 2008 diamond drilling and prospecting program at its 100% owned Golden Eagle project in northwest British Columbia. Results indicate the presence of large intrusion-related gold system spanning the ~12-kilometre strike length of the northern half of the Golden Eagle property. Multiple zones of gold mineralization, previously investigated in isolation in this area, are now considered as underlying vectors toward a related bulk-tonnage gold deposit(s).

To date, only a limited portion of the Tannis zone has been drill tested as an intrusive-hosted gold target, and drilling was largely confined to the younger rhyolitic intrusive. The possible roots of the vein system in the larger underlying granitic phase were not targeted in this drill program and deeper drilling in this area is required. Diamond drilling in 2008 was confined to a 250-metre strike length of the Tannis zone along the north slope of Middle Ridge. Twelve holes (2,306 metres) were drilled to follow up high-grade gold-silver mineralization previously intersected in 2005-2006 (Reference: Sept. 24, 2007 news release). Drill intersections indicate the highly variable nature of the quartz-sulphide veins both in terms of metal content and continuity along strike and at depth. The best intersections returned 5.09 m @ 7.93 g/t Au and 23.8 g/t Ag and 4.3 m @ 2.05 g/t Au and 43.8 g/t Ag (Table 1). The mineralized system is demonstrated to continue along a strike length of nearly 150 metres and to greater than 200 metres down dip in both the rhyolitic and granitic intrusions. Arsenopyrite (+ pyrite) as disseminated, replacement-type and stringer mineralization within quartz veins was encountered in all eleven of the holes that reached target depth.

Table 1. Tannis Zone - 2008 Significant Drill Results

Hole ID	UTM N	UTM E	Azm (�)	Dip (�)	From (m)	To (m)	Length (m)	Gold (g/t)	Silver (g/t)
TAN08-05	6637037	509375	165	-45	156.48	157.78	1.30	1.61	N/A
TAN08-08	6637005	509226	165	-45	86.94	88.38	1.44	1.42	11.9
TAN08-08					143.39	143.79	0.40	2.53	38.0
TAN08-08					197.82	199.16	1.34	3.07	12.0
TAN08-08					199.16	225.25	26.09	0.103	N/A
TAN08-09	6637005	509226	165	-60	131.30	136.39	5.09	7.93	23.8
including					132.84	133.14	0.30	3.85	31.0
and					134.70	135.27	0.57	66.20	145.0
TAN08-09					211.59	212.22	0.63	3.30	57.0
TAN08-09					212.22	246.58	34.36	0.067	N/A
TAN08-10	6636928	509241	165	-45	15.24	15.54	0.30	1.94	5.0
TAN08-10					40.17	44.47	4.30	2.05	43.8
including					42.17	43.17	1.00	5.01	108.0
TAN08-10					67.59	67.89	0.30	11.05	14.0
TAN08-10					108.21	108.51	0.30	1.14	65.0
TAN08-10					191.52	191.82	0.30	1.27	6.0
TAN08-11	6637009	509385	165	-45	114.62	115.02	0.40	1.96	<1
TAN08-11					116.02	116.32	0.30	1.21	<1
TAN08-12	6636975	509422	135	-45	32.44	32.74	0.30	13.15	12.0
TAN08-12					38.05	41.15	3.10	0.97	N/A
including					38.99	40.22	1.23	1.70	N/A
TAN08-13	6636975	509422	135	-60	43.29	43.69	0.40	3.93	6.0
TAN08-13					48.34	50.18	1.84	0.70	13.3
TAN08-15	6637063	509287	165	-55	219.58	225.81	6.23	0.35	5.9
TAN08-16	6636956	509178	165	-45	13.89	18.08	4.19	0.60	N/A
including					13.89	15.74	1.85	1.06	14.9
TAN08-16					25.94	26.82	0.88	2.04	14.0
TAN08-16					143.11	156.25	13.14	0.19	N/A

Widths represent down hole core lengths; true widths for the upper zone cannot be reliably estimated at this time.

During the 2008 program, mapping and prospecting in the vicinity of the Tannis zone further defined the quartz-sulphide vein system along a northwest trend nearly five kilometres in length. Taking into account similar mineral occurrences in other parts of the property, this length is extended to upwards of eight kilometres. Highlights of the prospecting (124 rock samples collected) are presented in Table 2.

Table 2. Highlights of 2008 Prospecting on North Mountain, Middle Ridge and South Mountain

Sample #	Sample Area	Location UTM N	Location UTM E	Gold (g/t)	Silver (g/t)	Lead (%)	Sample Type
C201134	North Mountain	6639053	506558	0.301	75	3.16	Grab
C287113	North Mountain	6639138	506901	18.0	16	0.015	Grab
C287114	North Mountain	6639099	506828	3.64	<1	0.001	Chip
C287115	North Mountain	6639094	506824	10.68	5	<0.001	Grab
C287116	North Mountain	6639041	506796	4.11	3	0.001	Grab
C287117	North Mountain	6639076	506690	3.45	2	0.001	Grab
C201101	Middle Ridge	6637155	508821	2.37	11	0.087	Grab
C202110	Middle Ridge	6637191	508680	13.75	8	0.002	Grab
C202111	Middle Ridge	6637196	508661	8.3	5	0.003	Grab
C202112	Middle Ridge	6637206	508632	8.96	3	0.005	Grab
C287128	Middle Ridge	6636876	509048	1.98	81	0.305	Float
C287129	Middle Ridge	6636880	509022	9.46	41	0.009	Grab
C287132	Middle Ridge	6636951	508942	3.44	4	0.004	Grab
C287133	Middle Ridge	6636956	509048	3.64	11	0.009	Grab
C287134	Middle Ridge	6636953	509026	2.56	2	0.001	Grab
C287135	Middle Ridge	6636893	509041	3.6	9	<0.001	Grab
C201113	Middle Ridge	6636558	509383	1.19	10	0.006	Grab
C201120	Middle Ridge	6636383	509304	2.02	377	0.646	Grab
C201121	Middle Ridge	6636398	509329	2.48	24	0.031	Grab
C202146	South Mountain	6635905	510013	1.32	25	0.142	Grab
C202147	South Mountain	6635939	510036	7.91	1250	0.355	Grab
C287125	South Mountain	6635865	510035	1.42	3	0.01	Grab
C287126	South Mountain	6635873	510021	2.57	274	13.85	Grab
C201143	South Mountain	6635962	510033	4.27	47	0.708	Grab
C201144	South Mountain	6635929	510054	2.62	111	0.171	Grab
C201145	South Mountain	6635916	510010	5.22	165	0.071	Grab
C201146	South Mountain	6635902	510062	5.15	191	2.75	Grab
C201147	South Mountain	6635957	510022	1.15	25	0.04	Grab
C201148	South Mountain	6635939	509963	1.35	72	0.039	Grab
C201150	South Mountain	6635929	510070	1.42	167	0.61	Grab
C286616	South Mountain	6636033	509984	0.306	115	1.16	Grab
C286618	South Mountain	6636047	509979	1.33	64	0.504	Grab

At Tannis, the mineralization is hosted in rhyolitic intrusive, in granitic intrusive at depth beneath the rhyolite, and to a lesser extent in the flanking mafic volcanics. Further to the north, the rhyolitic and granitic intrusives are capped by sediments and mafic volcanics of variable thickness. Multiple zones of gold-silver-arsenic-antimony mineralization (e.g. Plateau, Skarn, West Gully, Cowboy, and West Draw zones) occur in this ~3 x 3 kilometre area. These zones have previously been investigated in isolation and not considered as underlying vectors toward a related bulk-tonnage gold deposit(s). This northern portion of the Golden Eagle property is shown by the British Columbia Geological Survey's stream sediment sampling to contain exceptionally anomalous values in gold (to 1080 ppb), gold indicator metals (arsenic, antimony and mercury) and base metals (BCGS Bulletin 105). In file GF2003-9, the BCGS noted the volcano-sedimentary setting is analogous to that at Eskay Creek.

The northwest trend of the quartz-sulphide vein occurrences on the property mirrors the trend of the Llewellyn fault zone, a regionally significant structure that cuts through the project area and has a strong correlation with the majority of mineral occurrences in the region.

Observations from mapping and drill core indicate that the quartz-sulphide veins are synchronous with late-stage cooling of the Late Cretaceous granite pluton and the slightly later rhyolitic intrusion. The quartz-sulphide vein system has been documented over an eight kilometre north-westerly trend within the central portion of the property, with intervening glacial valleys that are covered by overburden and remain underexplored. The northwest portion of the property (e.g. Plateau, Skarn, West Gully, Cowboy and West Draw zones) contains anomalous multi-element stream geochemistry and notable gold intersections from trenches and drill core as skarn-type mineralization in meta-volcanic rocks bordering Cretaceous intrusions. The southeast portion of the property (e.g. Camp and Carbonate zones) includes an area of quartz-carbonate stockwork veining variably mineralized with gold, copper and zinc in mafic volcanics.

The style and areal extent of mineralization at Golden Eagle strongly suggest a reduced intrusion-related gold system (RIRGS). RIRGS are characterized by widespread arrays of sheeted auriferous quartz veins, forming bulk-tonnage, low-grade gold deposits at the top of small plutons. Well known examples include the Fort Knox (Alaska) and Dublin Gulch (Yukon) deposits of the Tintina Gold Belt. RIRGS also include a wide range of intrusion-related mineral deposit styles including skarns, replacements and distal veins that form within the re�gion of hydrothermal influence surrounding the causative pluton. All of these characteristics are well represented over the 25-kilometre span of the Golden Eagle property.

The 2008 prospecting program identified a new drill target on South Mountain where a cluster of nine gold and silver bearing veins were discovered within a ~100 x100 metre area (Table 2). This area lies approximately 1.5 kilometres southeast of the Tannis zone. With the recognition that the multiple zones of gold mineralization in the north half of the property are related to a large intrusion-related gold system, the focus of future exploration will be on the identification of gold targets in this area. The Company is working to integrate all geological, drill, geochemical and geophysical data to identify high impact intrusive-related gold drill targets in the north half of the project.

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. The 2008 drilling and prospecting program was managed by Equity Exploration Consultants Ltd. of Vancouver BC. All samples were sent to the ALS Chemex sample preparation facility in Terrace, BC and analysed at the ALS Chemex laboratory in Vancouver BC, an ISO 9001:2000 accredited facility. All technical information for the Company's Golden Eagle 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/QAQC2-GE.pdf.

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

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. 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.

Copyright � 2009 TROYMET EXPLORATION CORP. (TYE) All rights reserved. For more information visit our website at http://www.troymet.com/ or send email to info@troymet.com ..
Message sent on Mon Feb 23, 2009 at 6:45:46 PM Pacific Time

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