Oct 26 2016
Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the Company") is pleased to report that the diamond drilling program on the Redhill project in British Columbia is complete. Five holes (1,003.5 metres) were drilled to test volcanogenic massive sulphide ("VMS") targets on the Alpha zone. Two holes tested targets on Horizon 3 and three holes tested targets on Horizon 2 (Figure 1). Split core samples have been submitted to ALS Global, Vancouver, for chemical analysis. Results are pending. Troymet's exploration model was confirmed and the Company now has an advanced understanding of the stratigraphy and mineralized horizons in the Alpha zone.
Troymet took advantage of the availability of a survey crew to complete a Volterra borehole electromagnetic ("EM") survey of one hole drilled on Horizon 3 at the start of the program. Results are pending. The Company plans to survey other holes at a later date.
On the Beta zone, Troymet successfully relocated, through EM and induced polarization ("IP") surveys, an untested, 40 mho target 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). The 40 mho target is located on a 550 metre long EM conductor. Neither the 40 mho target or the EM conductor have been drilled. The Company plans to drill test this target as part of the next drill program.
The gold-in-soil anomaly is aligned along the northeast edge of a resistivity high, in a magnetic low, in a diorite intrusive. Prospecting has identified shearing with local quartz and quartz-carbonate veining along the magnetic low. The soil anomaly was identified by soil sampling on a 200 metre x 50 metre grid with selective in-fill soil sampling (222 samples) conducted on a 100 metre x 25 metre grid. Troymet plans overburden trenching of the better anomalies prior to drilling.
Qualified Persons
All technical data, as disclosed in this press release, has been verified by the Company's qualified persons Kieran Downes, Ph.D., P.Geo., and Ronald H. McMillan, Ph.D., P.Geo. Both are Qualified Persons as defined by National Instrument 43-101.
Source: https://www.troymet.com/