TYE-V Troymet Completes Wildcat Drill Program
NANAIMO, BRITISH COLUMBIA--(Marketwired - June 2, 2016) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the Company is pleased to report the successful completion of the Phase I RC drill program on its Wildcat gold-silver project in Juab County, Utah, held under option from Renaissance Gold Inc. (TSX VENTURE:REN). Ten holes (1,321.2 metres) were drilled:
| Target Area | Holes | Metres | | Core | 5 | 809.0 | | SE | 2 | 363.6 | | High Grade Hill | 3 | 148.6 |
Drilling tested structural and stratigraphic targets, alteration zones including de-calcification zones in carbonates, silicification-jasperoids, oxidation after sulphides and geochemical anomalies (News Release of May 10, 2016).
Drill samples will be analyzed by ALS Global, Reno, an ISO/IEC 17025:2005 accredited facility. Results will be reported once received, interpreted and validated.
Troymet, through its wholly owned subsidiary Troymet USA LLC ("Troymet USA"), holds an option to acquire a 70% interest in the Wildcat property from Renaissance Exploration, Inc. ("RenEx"), a wholly owned subsidiary of Renaissance Gold Inc. Under the terms of the option agreement, Troymet USA has retained RenEx as its contractor to take advantage of RenEx's expertise and established infrastructure. Troymet USA is exclusively responsible for the planning, execution and supervision of all exploration programs.
Qualified Person
President and CEO, 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.
About Troymet Exploration Corp.
Troymet Exploration Corp. is a junior exploration company with a solid treasury and with projects in British Columbia (Redhill and Golden Eagle), Manitoba (McClarty Lake) and Utah (Wildcat). Troymet operates the Wildcat, Redhill and Golden Eagle projects. Hudbay Minerals Inc. is the operator of the McClarty Lake joint venture and must contribute $1,151,052 in joint venture expenditures before Troymet is required to fund its participating interest. Troymet retains a 2% net smelter returns royalty (NSR) on the Key property, British Columbia, which was sold to New Gold Inc. in 2013.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo., President, CEO & Director |
