Troymet Identifies Large Anomalies

The Big Picture:

  • 8 target areas find significant gold/silver anomalies

Troymet Exploration Corp. updates exploration progress on its 100% owned (8,854 ha) Key project in British Columbia. The Key property is strategically located between and adjacent to New Gold Inc.'s Blackwater gold deposit and the 3Ts gold-silver deposit of Independence Gold Corp. The Capoose silver deposit is located approximately 12 km to the northwest.

Troymet has currently identified eight large target areas with significant gold +/- silver +/- other element anomalies. Several trend towards the Blackwater property and one anomaly is on the property border. Four of the anomalies lie north of Good News Lake where wide spaced drilling by the Company in 2011 (5 holes) intersected anomalous porphyry style mineralization and a large hydrothermal system with high sulphide content (News Release - May 9, 2011). One of the anomalies encompasses an area with layered sphalerite mineralization in tuffs/sediments on Tsacha Mountain (approx. 2.5 km north of Good News Lake), as well as two strong, undrilled VTEM anomalies.

Kieran Downes, President and CEO, stated, "Troymet is very pleased with the results of the soil sampling program. Distinct anomalies and trends have been identified in the eastern half of the property and several are associated with the GN and East Faults. Multiple new drill targets have been identified."

The Company's 2011 soil sampling program completed coverage of the eastern half of the Key project, extending anomalous trends from the Company's 2010 soil sampling program, and covering several important mineralized structures. Outcrop exposure on the property is limited and areas with obvious fluvio-glacial deposits and outwash material were avoided. Approximately 5,280 hectares of the Key project have now been reconnaissance sampled. A total of 2,349 soil samples were collected in 2011 making a total of approx. 4,500 soil samples collected in 2010-2011. All samples were analyzed for 51 elements including gold.

Posted January 19, 2012

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