Troymet Reports Gravity Survey at Redhill
Box 37033, Country Club PO, Nanaimo, BC V9T 6N4 T: 250-729-0453 E: [email protected]
TSXV : TYE
www.TroyMet.com
Troymet Reports Gravity Survey at Redhill
July 7, 2017 - Troymet Exploration Corp. (TSXV: TYE) (" Troymet" or the Company”) reports the
completion of a test gravity survey over the volcanogenic massive sulphide (“VMS”) mineralization in the
Alpha prospect of the Redhill project in British Columbia (Figure 1 and Figure 2). Results will be reported
once received and interpreted. The survey was designed to test the area where diamond drill hole RH16-
04 intersected two zones of significant copper VMS mineralization (Upper and Lower zones), and where
a borehole electromagnetic survey (“BHEM”) identified a significant off-hole response at 30 Hz with
conductivities ranging from 100 – 200 Mhos, in hole RH06-25. The Upper zone lies at the base of Horizon
3. The Lower zone lies within Horizon 2.
Lower Zone
Figure 1 and Figure 2 show the limited extent of drilling in the Lower Zone mineralization. The geometry
of the mineralization indicates the better mineralization lies below the levels drill tested to date. High-
grade copper mineralization was intersected in the deepest holes. The strong off-hole response in RH06-
25 indicates potential for significant mineralization in this area. As well, the mineralized zone has not
been drill tested to the northwest or southeast. A transient EM conductor is associated with the
mineralization.
Upper Zone
The Upper Zone copper mineralization lies near the lower boundary of Horizon 3 which is unexplored.
The mineralization is open along strike and to depth and there are no nearby drill holes. The total
downhole width of the mineralized zone is estimated to be in excess of 11.5 metres.
Beta Zone
The undrilled Beta VMS target lies west of Hwy 1 in a different geological setting to the Alpha VMS
prospect (see Redhill Maps & Photos ). As previously reported (News Release of October 25, 2016)
Troymet has identified a new, large chargeability anomaly associated with the 40 mho Beta target which
is located on a 550-metre long EM conductor. The Beta target Is located 200 metres south of borehole
S83-4 (2.54% copper, 2.78% zinc, 77.0 g/t Ag, and 0.37 g/t Au over 7.75 metres).
Qualified Person
All technical data, as disclosed in this press release, has been verified by Kieran Downes, Ph.D., P.Geo., a
Qualified Person as defined by National Instrument 43-101.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo.
President, CEO & Director
For further information, contact:
Investor Relations
Tel: 250-729-0453
Email: [email protected]
Box 37033, Country Club PO, Nanaimo, BC V9T 6N4 T: 250-729-0453 E: [email protected]
Website: www.troymet.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains certain forward-looking information. All statements included herein, other than statements of
historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this
news release contains forward-looking information in respect of: the Redhill Project, including the possible exploration and
development of the Redhill Project; the exploration potential and analogous deposit potential of the Redhill Project; future data
analysis, sampling plans and exploration plans on the Redhill Project, including the potential resumption of exploration on
identified targets including potential stripping, mapping, trenching and surveying; the timing for exploration and drilling on the
Redhill Project; exploration targets and the potential of such exploration targets; and the ability and the timeframe within
which the Redhill Project can be advanced. There can be no assurance that such information will prove to be accurate, and
actual results and future events could differ materially from those anticipated in such information. This forward-looking
information reflects Troymet's current beliefs and is based on information currently available to Troymet and on assumptions
Troymet believes are reasonable. These assumptions include, but are not limited to: the current share price of Troymet's
common shares and the ability to raise future equity financing, if needed, at prices acceptable to Troymet; Troymet’s current
and initial understanding and analysis of the Redhill Project; the ability of Troymet to discover viable exploration targets and
the results of exploration on the Redhill Project; the cost of exploration, including sampling and drilling, on the Redhill Project;
Troymet's general and administrative costs remaining constant; and the market acceptance of Troymet's business strategy.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the
actual results, level of activity, performance or achievements of Troymet to be materially different from those expressed or
implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the early stage
development of Troymet and its projects, and in particular, the Redhill Project; general business, economic, competitive,
political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining
exploration company securities; commodity prices; the actual results of current exploration and development or operational
activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the
mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including
environmental legislation, affecting Troymet; timing and availability of external financing on acceptable terms; conclusions of
economic evaluations; and lack of qualified, skilled labour or loss of key individuals. A description of other assumptions used to
develop such forward-looking information and a description of other risk factors that may cause actual results to differ
materially from forward-looking information can be found in Troymet's disclosure documents on the SEDAR website at
www.sedar.com. Troymet does not undertake to update any forward-looking information except in accordance with applicable
securities laws.