Troymet Exploration Corp.
TSX VENTURE: TYE
Jan 28, 2010 08:30 ET.
COMOX, BRITISH COLUMBIA — (Marketwire – Jan. 28, 2010) – Troymet Exploration Corp. (TSX VENTURE:TYE) (“Troymet” or the “Company”) is pleased to announce the commencement of its winter program on the McClarty Lake project located near Snow Lake, Manitoba. The property lies approximately 45 km south of HudBay Minerals’ Chisel Lake and Lalor Lake volcanic massive sulphide (VMS) deposits.
The McClarty Lake property comprises three claims owned 100% by Troymet and two claims owned 60% by Troymet and 40% by Hudson Bay Exploration and Development (HudBay) (“option claims”). HudBay is currently earning an additional 20% interest in the option claims where Troymet identified a gold-bearing VMS system, the Discovery zone, in 2007. The Company anticipates that HudBay will conduct a 2010 winter diamond drilling program on the Discovery zone.
The establishment of a 10.6 km grid on Troymet’s 100% owned MAC 3 claim is expected to be completed this week, followed by a fixed large loop surface pulse electromagnetic (PEM) survey under contract to Crone Geophysics of Mississauga, Ontario. The grid is centred over the Mac EM conductor that was identified by the Company’s 2008 deep penetrating VTEM helicopter-borne survey and is on trend with the Discovery zone.
The Mac conductor is a high priority target that offers the potential for immediate and significant new VMS discoveries on 100% owned Troymet ground. A 2010 winter diamond drilling program (approximately 1,500 metres) is planned to follow up on results of the PEM survey.
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.
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Troymet Exploration Corp.
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