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Troymet Completes Evaluation of Gold-, Copper- and Zinc-in-Soil Anomalies on Alpha South Zone

Troymet Exploration Corp. ("Troymet" or the Company") is pleased to report that the program of detailed follow-up soil sampling and prospecting of 3DIP anomalies on the Alpha zone and evaluation of the gold-, copper-and zinc-in-soil anomalies on the Alpha South zone is complete. New drill targets have been identified associated with slumped/mechanically transported sulphides and the area of volcanic stratigraphy prospective for the discovery of VMS deposits has been significantly expanded.

Alpha Zone

The 3DIP survey mapped previously unrecognized and fundamental geologic patterns in the Alpha zone where the geologic sequence dips steeply west (~75°). The 3DIP shows where sulphides are introduced into the volcanic sequence accompanied by increased silicification, which is mapped by the resistivity. Plentiful breccia boulders, several of which contain massive sulphide blocks (photo links: angular sulphide in breccia; bedded sulphide in breccia) have been found in a prospective volcanic sequence (~100 m wide) that is coincident with the strong, chargeability/resistivity anomaly. The horizon is located ~70 m into the hanging wall of the VMS prospect (map link: chargeability showing prospective volcanic sequences). The sulphides are dominantly of pyrite with trace to minor chalcopyrite. The boulders represent slump features and/or mechanically transported mineralization likely the result of brecciation at source, transport down-slope by gravity-driven submarine debris flows, and deposition in depressions. What is geologically termed "transported ore" can form substantial bodies of mineralization as in the Buchans and Boundary VMS deposits in Newfoundland.

A large chargeability anomaly (> 20 milliseconds; ~280 m x 260 m), located approximately 130 m into the hanging wall of the VMS prospect, may represent slumped sulphides accumulated in a basin down-slope and/or a stockwork zone related to the VMS prospect (VMS prospect hole RH06-25, re-logged, quartered and re-assayed by Troymet, returned: 8.75% copper, 4.75% zinc, 1.22 g/t gold & 61.19 g/t silver over 2.04 m. The mineralization is open along strike and to depth). Maps of 3DIP chargeability and resistivity as well as copper, zinc and gold-in-soils can be viewed at www.troymet.com/projects/redhill/maps-and-photos.

The prospective volcanics, chargeability and resistivity anomalies continue to the west beneath the adjacent valley through which Trans-Canada Highway runs. A percussion hole (R87-7) drilled in the valley intersected copper mineralization in volcanics. It demonstrates the potential for the discovery of significant mineralization in this area:

"In the current program the best hole was R87-7 which intersected 1,236 ppm copper from 171 to 204 metres along with 1,694 ppm zinc, 5.7 ppm molybdenum and 2.4 ppm silver. The remainder of the hole was not anomalous. The higher grade intersection was associated with a relatively high pyrite content of 5% compared with 2% for most of the hole. Here the host rock consisted of interbedded rhyolites and andesites with chorite-sericite-quartz-pyrite alteration with minor chalcopyrite mineralization. (1987 BC ARIS Report 17263).

Detailed (100 m x 25 m) soil sampling was undertaken along the ~900 m x ~250 m gold-in-soil anomaly. Anomalous sample sites were also pitted and sampled. Results will be released once received and evaluated. 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.

Alpha South Zone

The strongest gold-, copper-and zinc-in-soil anomalies were prospected and pitted. The copper and zinc anomalies appear to be associated with structures/shearing possibly associated with particular volcanic horizons. Further work is required to confirm this. The gold anomalies appear to be related to rhyolite. Sheared rhyolite in an area of anomalous gold-in-soils, on the south side of the zone, is altered to white clay. The rhyolite contains high levels of mercury (2,500 ppb) (BC ARIS report 23423). Further work is required to evaluate the significance of the gold-in-soil anomalies, and the implications of the high mercury levels in the rhyolite.

President and CEO, 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.

Source: https://www.troymet.com/

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