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Gold/Mining/Energy : Troymin Resources (A.TYR) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Boychuk who wrote (550)	7/15/1999 11:06:00 AM
From: Thomas Boychuk	Read Replies (1) \| Respond to of 555

Drilling commences in Yukon... TROYMIN RESOURCES LTD. TYR-ME, ASE) NEWS RELEASE JULY 8TH, 1999 DRILLING COMMENCES ON YUKON PROJECT Troymin Resources Ltd (TYR-ME, ASE) is pleased to announce that drilling has commenced on the Prospector Mountain property consisting of 272 claims located 88 km northwest of Carmacks or 57km southeast of the Casino Porphyry Cu-Au-Mo deposit. The property is under option from Almaden Resources Corporation (AMH-VSE) Two types of mineralization have been observed on the property: precious metal veins and porphyry Cu-Mo-Au. The veins generally occur in the andesitic volcanic rocks as Au-bearing quartz-tourmaline veins and are associated with quartz-feldspar porphyry dykes which indicate a mineralizing source at depth believed to be of epithermal origin based upon work completed to date. The porphyry-style mineralization occurs as a N-S trending zone of pyrite-sericite- clay-tourmaline-quartz alteration that is marked by anomalous Cu-Mo in soils. The zone, known as the Lightning Grid, has been traced by mapping, magnetometer and IP geophysical surveying and is up to 800 m long and 300 m wide. Grab samples taken by the Yukon Geological Survey have returned values up to 5.01 g/t Au and 0.63% Cu. The IP survey has identified a chargeable zone that is increasing in strength and width at depth. A second target on the property is at the No Sweat Grid where a highly anomalous Cu-Mo soil anomaly is coincident with a broad zone of IP chargeability. The over 400 metre drill program will evaluate this highly prospective property and is expected to be completed in 2 weeks. Results will be released upon the completion of the lab analysis. FOR FURTHER INFORMATION, PLEASE CONTACT: Jack McCleary Fax: (403) 262-8786 Tom Boychuk (604) 681-7610 email: troymin@troymin.com 1-800-557-1545 troymin.com