Troymet Intersects 1.27 g/t Gold over 36.45 metres at Golden Eagle
Friday, Feb 17, 2012
Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") reports assays from the recently completed diamond drilling program (6 holes; 867.15 metres) on the North prospect of its 100% owned (8,178 hectare) Golden Eagle project, located in northwestern British Columbia, just south of the BC-Yukon border. Drilling on the Skarn zone has identified a new bulk tonnage gold target.
Hole N11-06 (Table 1) was drilled on the Skarn zone to test an area of historic drilling from which no drill core exists. The hole intersected 36.45 metres grading 1.27 g/t gold in felsic volcanics. The upper portion of this gold intersection was also anomalous in silver, grading 4.05 g/t silver over 15.45 metres. The mineralization is associated with strong potassic alteration, carbonate alteration and silicification developed along the Paddy Fault. The mineralized zone is open southwards along the Paddy Fault towards the Catfish zone (approx. 2.5 kilometres) and at depth. The potential for a wide zone(s) of gold mineralization was not recognized in the past. Troymet is currently modelling the new data and historical data in 3D to identify additional drill targets. A compilation map of the North Prospect area is presented at www.troymet.com
"The recognition of a new bulk tonnage gold target is very important at the Golden Eagle project", said Kieran Downes, President and CEO, "especially as there is significant exploration potential to evaluate along strike."
Previous exploration had concluded the gold mineralization was associated with a feldspar-amphibole porphyry dyke. The current drilling, along with petrographic analyses, shows this is not the case. Historically, there has been very limited, shallow diamond drilling on the Skarn zone. Drilling in the area of a trench, which returned 200.5 g/t gold in a grab sample, returned intercepts ranging from 1.28 g/t gold over 6.0 metres to 14.6 g/t gold over 1.0 metre, and four holes drilled over a 265 metre strike length returned intercepts ranging from 1.32 g/t gold over 3.2 metres to 7.64 g/t gold over 3.45 metres (News Release of June 25, 2009).