2016-07-11 08:12 ET - News Release
Dr. Kieran Downes reports
TROYMET STARTS DETAILED SAMPLING OF GOLD AND 3DIP ANOMALIES AT REDHILL PREPARATORY TO DRILLING
Troymet Exploration Corp. has provided an update. Preparatory to drilling, a field crew has mobilized to the Alpha zone of the Redhill project to:
1. Complete detailed soil sampling of the approx. 900 m x 250 m gold-in- soil anomaly
2. Prospect the significant chargeability anomalies identified by the recently completed Voltera-3DIP survey
3. Prospect the VMS prospect which is now recognized as occurring in a prospective volcanic sequence that tracks the contact of the high/low chargeability domains
The gold-in-soil anomaly was first identified by sampling at 50 m stations along 200 m spaced lines. The anomaly will be detailed by sampling at 25 m stations along 100 m spaced infill lines. The 3DIP survey mapped previously unrecognized and fundamental geologic patterns in the Alpha zone and identified two significant chargeability anomalies. One chargeability anomaly (greater than 20 milliseconds; approx. 280 m x 260 m) lies just west of the VMS prospect. The second (16-18 milliseconds; approx. 210 m x 100 m) lies in the southeast part of the grid. Maps of the 3DIP chargeability and resistivity as well as the gold-in-soil anomaly can be viewed at www.troymet.com/projects/redhill/maps-and-photos.
The VMS prospect occurs in a prospective volcanic sequence that tracks the contact of the high/low chargeability domains. The VMS prospect is associated with a 200 m long Fixed Loop Transient EM conductor as well as Borehole Transient EM conductors. Hole RH06-25, re-logged, quartered and re-assayed by Troymet, returned: 8.75% copper, 4.75% zinc, 1.22 g/t gold & 61.19 g/t silver over 2.04 m. The mineralization is open along strike and to depth.
President and CEO, 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.
We seek Safe Harbor.