Troymet Exploration Corp. or the is pleased to review the current status of its on-going exploration activities and its plans going forward.
Troymet is focused on advancing the Redhill copper-gold-zinc-silver volcanogenic massive sulphide project in British Columbia and the Wildcat gold-silver project located in the northern Drum Mountains of central Utah. Both are considered to have high discovery potential.
Troymet optioned the Redhill project in July 2015 and has quickly advanced it to drill-ready status. Troymet is currently permitting a diamond drilling program and will mobilize a soil sampling and prospecting crew to the Alpha Zone in early September to expand soil sampling coverage of the zone and to prospect the newly identified stratigraphic sequence that hosts the high grade mineralization in hole RH-06-25 (8.97% copper, 4.96 % zinc, 1.27 g/t gold and >30.0 g/t silver over 2.04 metres) and adjacent holes. This program will also cover the 11 fixed-loop transient EM conductors which occur in an area of ~600 X 1,100 metres around hole RH-06-25. (Troymet News Release dated August 14, 2015). Troymet anticipates this field program will lead to the identification of additional targets for drilling.
Data compilation on the Beta Zone has identified a particularly attractive untested target at conductor #3 located 200 metres south of borehole S83-4 (2.54% copper, 2.78% zinc, 77.0 g/t Ag, and 0.37 g/t Au over 7.75 metres). (British Columbia ARIS (Assessment Report Indexing System) Report #28371). Previous drilling on the Beta Zone tested conductors generally measuring 2 to 7 mhos in strength. Conductor #3 has a conductivity thickness product of 40 mhos and an associated induced polarization (IP) response.
The summer field program is now complete and assays for the final samples are pending. Initial results from the SE target area have been released (Troymet News Release July 27, 2015). However, the field program was expanded because of ongoing encouraging exploration results and additional sampling was carried out in the SE, Core and N target areas. Final results from all zones will be released in the future once received, assessed and interpreted.
Troymet is currently in the process of permitting a drilling and trenching program. As well, a geophysical crew will be mobilized to the property in early September to conduct detailed geophysical surveys over certain targets prior to drilling.
Troymet optioned the Wildcat project in February 2015 and commenced its field program in May following a rigorous compilation and verification of historic data. Troymet's analysis of the historic data identified new target opportunities with the potential to host large, high-grade gold and silver mineralization in veins, stockworks, breccias and bulk-tonnage deposits that had not been explored by previous operators. The summer field program successfully identified numerous prospective structural drill targets along the Joy Fault and in cross cutting structures. The field program included geological mapping, prospecting, rock chip sampling, soil sampling, hand trenching, BLEG sampling, vegetation and soils orientation sampling, and claim staking. As well, the ground magnetic and gravity databases were reprocessed to support the exploration program.