Jun 25 2015
Troymet Exploration Corp. ("Troymet" or the "Company") is pleased to update exploration progress on its Wildcat gold-silver project located in the Detroit Mining District, an historic gold producing region in the northern Drum Mountains of central Utah. The ongoing field program comprises mapping, prospecting, soil sampling, BLEG sampling, biogeochemical sampling and claim staking, as well as ground truthing of structures and targets identified by geophysics.
Currently, nine significant structures, previously unrecognized and with displacements of up to 300 metres, have been mapped. This has led to an important structural reinterpretation of the main target areas. Jasperoids and/or pebble dikes are associated with several structures which indicate these have the potential to host structurally controlled gold-silver mineralization. As well, displacements along the structures has brought prospective stratigraphy closer to surface and, therefore, more easily explored.
Three principal target areas along the Joy Fault are recognized based on the presence of, gold +/- trace element geochemical anomalies, geological structures and geophysical anomalies (magnetics and/or gravity):
- Core area - approximately 1,200 metres long
- SE area - approximately 1,000 long
- N area - approximately 300 metres long
The primary exploration focus is structural feeders and breccias along the Joy Fault and structural/stratigraphic targets in Cambrian carbonate rocks. These targets have the potential to host large, high-grade gold and silver mineralization in veins, stockworks, breccias and bulk-tonnage deposits.
New claims have been staked to protect new discoveries and prospective structures.
Assays are pending for rock, soil, BLEG and biogeochemical samples.
Troymet plans a trenching program once the field work is complete and compiled, and specific targets are selected, prior to drilling. It is anticipated that permitting of trenches, drill roads and drill pads will begin in July.
Qualified Person
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.
About Troymet Exploration Corp.
Troymet Exploration Corp. is a junior exploration company with a solid treasury and with projects in British Columbia (Golden Eagle), Manitoba (McClarty Lake) and Utah (Wildcat). Troymet operates the Wildcat and Golden Eagle projects. Hudbay Minerals Inc. is the operator of the McClarty Lake joint venture and must contribute $1,151,052 in joint venture expenditures before Troymet is required to fund its participating interest. Troymet retains a 2% net smelter returns royalty ("NSR") on the Key property, British Columbia, which was sold to New Gold Inc. in 2013. Troymet is continuing to evaluate mineral properties for acquisition.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo., President, CEO & Director