![](https://investorshub.advfn.com/uicon/203793.png?cb=1500179909)
Tuesday, December 21, 2010 9:10:51 AM
Key Project, British Columbia
The 100% owned Key project is located 125 km southwest of Vanderhoof, British Columbia. The property immediately adjoins the Blackwater project of Richfield Ventures Corp. A diamond drilling program is scheduled to start in January 2011. The Company has received all of the soil sample geochemical analyses together with induced polarization (IP) data for the western (Crag) grid. The initial interpretation indicates drill targets comprising coincident gold-silver in rock samples, gold in soils, and chargeability/resistivity anomalies. Further information will be released at a future date. The soil analyses also indicate elevated to anomalous gold and silver values over the eastern (Scarp and Butte) grids. The elevated to anomalous values coincide well with the gold and silver in rock samples, and structures believed to control the mineralization. A number of drill targets have been identified. The Company plans to extend IP surveys into these areas early in 2011 to expand and better define the drill targets.
McClarty Lake Project, Manitoba
The McClarty Lake property is located near Snow Lake, Manitoba and lies ~45 km south of HudBay's Chisel Lake and Lalor Lake volcanogenic massive sulphide (VMS) deposits. The property comprises three claims (MAC-1, MAC-2 & MAC-3; 344 hectares) owned 100% by Troymet and two claims (DYC3606 & DOL78; 252 hectares) owned 60% by Troymet and 40% by HudBay ("option claims"). HudBay is currently earning an additional 20% interest in the option claims by spending $750,000 on exploration by June 5, 2011.
MAC Claims (100% Owned)
A diamond drilling program is scheduled to start in January 2011 to test the MAC conductor for VMS mineralization. The MAC conductor, identified in 2010 with deep penetrating electromagnetic surveys, comprises a strong, multi-line conductor at depths of between 250 and 400 metres. The conductor appears to be on trend with the conductor system that hosts the Discovery zone to the southwest (see under Option Claims) and it lies at depths beyond the detection depth of past airborne surveys. The conductor has never been drilled.
Option Claims (60% Owned)
HudBay has advised Troymet that it will complete a drilling program on the option claims, starting in February 2011. Troymet identified a gold-bearing VMS system (Discovery zone) on the option claims, in 2007.
Cambridge House International Inc.
Troymet will be presenting at the Vancouver Resources Investment Conference on January 23-24, 2011.
Tracy Hurley, P.Geo., Vice President, Exploration and qualified person as defined by National Instrument 43-101 is responsible for the technical information provided in this release.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo.
President, CEO & Director
For further information, contact:
Robert Birmingham
Investor Relations
Tel: 1-888-456-4952 or rbirmingham@troymet.com
It's all happened before and it will all happen again. Might as well profit from it.
FEATURED Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM