Troymet Exploration Corp. ("Troymet"), is pleased to update exploration progress on its Wildcat gold-silver project located in the Detroit Mining District, an historic gold producing region in the northern Drum Mountains of central Utah.
The previously announced ground geophysical survey over specific targets preparatory to drilling has been completed. A total of 33 km in the Core and SE target areas were surveyed with differential GPS controlled magnetic and VLF electromagnetic data by Magee Geophysical Services, LLC, of Reno, Nevada. The two survey grids encompass areas with elevated to anomalous gold in soils and rocks. The combination of a 50m line spacing and tight GPS control produced a high resolution data set, which has identified possible controlling structures for gold mineralization. Advanced processing and interpretation of these data is currently underway.
Troymet's exploration focus on the Wildcat project is structural feeders and breccias along the Joy Fault and structural/stratigraphic targets in Cambrian carbonate rocks. Property wide geological mapping has identified 13 projected intersections of secondary faults with the Joy Fault and all are primary targets for gold and silver mineralization in veins, stockworks, breccias and bulk-tonnage deposits. Importantly, only one historic drill hole has intersected the Joy Fault proximal to one of these newly interpreted intersections/targets. This hole, drilled by Gold Fields Mining Corporation in 1991, intersected 22.72 metres grading 1.27 g/t gold ( 75 feet grading 0.037 ounces per ton gold).
Qualified Persons
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). It 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 is continuing to evaluate mineral properties for acquisition.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo., President, CEO & Director
Source: http://www.troymet.com/