Troymet Exploration (TYE-V) Aug 23, '16 reports it has finalized its 2016 diamond drill program for the Redhill project copper-gold-zinc-silver volcanogenic massive sulphide project in British Columbia.
The 1,000 metre drill program is expected to run from mid-September through October 2016. It will test a number of targets including:
A newly recognized and undrilled target type (chargeability anomalies potentially representing slumped/mechanically transported sulphides) - see News Release dated July 25, 2016.
Selected, fixed-loop transient EM (FLTEM) conductors and associated copper and zinc soil anomalies. The mineralization in hole RH-06-25 (8.75% copper, 4.75% zinc, 1.22 g/t gold and 61.19 g/t silver over 2.04 m) is associated with a medium strength, 200 m long FLTEM conductor.
Gold-in-soil anomalies underlain by diorite intrusive.
Troymet recently completed a confirmatory EM survey of hole RH06-25 on the VMS prospect utilizing the Volterra-EM and Volterra-BHEM systems of SJ Geophysics Ltd. The BHEM survey confirmed a significant off-hole response to the mineralization in the hole. Responses were seen at 30 Hertz indicating conductivities in the range of 100 - 200 Mhos. A potentially large body of mineralization is possible given the depth of the mineralization (~215 m), its conductivity and nearby diamond drill results.
In-fill soil sampling of the ~900 m x ~250 m gold-in-soil anomaly has aided in selecting potential drill sites. Further hand trenching may be undertaken prior to drilling. Prospecting identified shearing with local quartz and quartz-carbonate veining along a magnetic low in a diorite intrusive. The gold-in-soil anomalies track this structure.
Qualified Persons
All technical data, as disclosed in this press release, has been verified by the Company's qualified persons Kieran Downes, Ph.D., P.Geo. and Ronald H. McMillan, Ph.D., P.Geo. Both are Qualified Persons as defined by National Instrument 43-101.
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 |
