Troymet Exploration (TYE-V) June 20, '16 is pleased to report that it has received the final results from a Voltera-3DIP survey over the Alpha zone, Redhill project. While final modelling and interpretation of the data is underway, preliminary results show a domain of high chargeability and resistivity along the west side of the grid at a depth of ~200 metres ( Section 1600N, Chargeability & Resistivity). This domain is flanked to the east by a domain of low chargeability. While the geology and structures of the different domains remain to be confirmed, it is clear the 3DIP data is mapping previously unrecognized and fundamental geological patterns in the Alpha zone which will guide exploration.
The Redhill volcanogenic massive sulphide ("VMS") prospect occurs in a prospective volcanic sequence that tracks the contact of the high/low chargeability domains. This contact will be a focus of future exploration. The VMS prospect is associated with a 200 metre long Fixed Loop Transient EM conductor as well as Borehole Transient EM conductors. Hole RH06-25, re-logged, quartered and re-assayed by Troymet, returned: 8.75% copper, 4.75% zinc, 1.22 g/t gold & 61.19 g/t silver over 2.04 metres. The mineralization is open along strike and to depth.
The survey also identified a large chargeability anomaly (> 20 milliseconds), over an area of ~280 X 260 metres, just west of the VMS prospect, and another (16-18 milliseconds), over an area ~ 210 X 100 metres, in the southeast part of the grid. There is no record of drilling or other exploration on either of these targets.
The gold-in-soil anomaly (200 metre line spacing with 50 metre stations) is aligned along the northeast edge of a resistivity high. Geologically, the resistivity feature appears to comprise diorite-granodiorite intrusive into interlayered rhyolitic and andesitic volcanics with EM conductors. Troymet plans further exploration of the gold anomaly prior to drilling.
The Volterra-3DIP survey was conducted by SJ Geophysics Ltd. of Vancouver. Nine lines (10.8 km) at a spacing of 150 metres were surveyed.
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
Troymet Exploration Corp.
Investor Relations
250-729-0453
info@troymet.com
www.troymet.com |
