SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Troymin Resources (A.TYR) -- Ignore unavailable to you. Want to Upgrade?


To: Thomas Boychuk who wrote (462)9/8/1998 12:28:00 PM
From: Thomas Boychuk  Read Replies (2) | Respond to of 555
 
TROYMIN RESOURCES LTD.
(TYR-ME,ASE)

NEWS RELEASE

TROYMIN OPTIONS ST. MAURICE NICKEL-COBALT
PROSPECT TO ORMICO

Calgary, Alberta September 03, 1998

Troymin Resources Ltd. is pleased to announce that subject to
regulatory approval, it has optioned the St. Maurice prospect in the La
Tuque area of central Quebec to Ormico Exploration Ltd. (OMX-ME). Ormico
has the option to acquire a 51% undivided interest in the property
contingent upon making a $5,000 initial cash payment and spending $650,000
in exploration work over a three year period.

The St. Maurice property includes 16 claim blocks covering a total
of 6,114 hectares.The area hosts Proterozoic ultramafic intrusions cutting
orthogneiss and sulfidic paragneiss. Known showings of massive sulfides,
all hosted within peridotite-pryoxenite intrusions, grade 4.0 to 4.8% Ni
and 0.15-0.18% Co.

The 1998-1999 exploration program will focus on the Bourgeoys block,
specifically on three unexposed airborne conductors (Tete Nord, Tete Sud
and Louise) that are located within an arcuate magnetic structure that is
3.5km long. Line cutting is underway in preparation for a ground
geophysical program.

FOR FURTHER INFORMATION, PLEASE CONTACT:

CALGARY
Jack D. McCleary (403)298-0252
Fax: (403)262-8786
email: troymin@troymin.com

VANCOUVER
Tom Boychuk (604)681-7610
1-800-557-1545
website: http:www.troymin.com

This information has neither been approved nor disapproved by the Alberta
Stock Exchange and the Montreal Exchange