Troymet Exploration Corp. ("Troymet" or the "Company") reports that it has received final assays for the one hole drilled in the 2013 drill program on the McClarty Lake joint venture property by the project operator, Hudbay Minerals Inc. ("Hudbay"). There were no significant copper, lead, zinc, gold or silver values in the samples assayed by Hudbay.
Troymet is integrating all of the technical data into a 3D model to determine where future drilling should be undertaken.
As previously reported, Hudbay drilled a single 437 metre hole in February/March 2013 to test for the down dip and southward strike continuation of the Discovery Zone volcanic massive sulphide (VMS) mineralization discovered by Troymet in 2007. Only one hole was drilled by Hudbay because of ice conditions. Sulphide bearing gneisses and schists were intersected from 280 to 437 metres down hole. The main sulphide mineralization, consisting of predominantly pyrite (5-25%) and minor pyrrhotite, was intersected over a 52 metre interval from 346 to 398 metres down hole. A second 5 metre interval with 3-5% pyrite and minor pyrrhotite was intersected from 423 to 428 metres down hole. No significant occurrences of sphalerite (zinc sulphide) and chalcopyrite (copper sulphide) were reported by Hudbay.
The McClarty Lake project is located ~45 kilometres south of Hudbay's Chisel North and Lalor VMS deposits. The project comprises two claims (DYC3606 & DOL78; 252 hectares) held in a Joint Venture between Hudbay (60%) and Troymet (40%), and three claims (MAC-1, MAC-2 & MAC-3; 344 hectares) owned 100% by Troymet. Under the terms of the Joint Venture Agreement, Hudbay must fund $1,076,051 in exploration costs before Troymet is required to fund its participating interest. Thereafter, Hudbay and Troymet will share all future exploration and development expenditures pro-rata based on their participating interests.
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: http://www.troymet.com/