Troymet Reports Positive Gravity Anomalies 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 Positive Gravity Anomalies at Redhill
August 17, 2017 - Troymet Exploration Corp. (TSXV: TYE) (" Troymet " or the Company ”) is pleased to
report positive results from a recently completed t est 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). Gravity anomalies respond to the depth and geome try of a mineralized body, as well as
the total mineralized mass. The gravity survey iden tified strong anomalies associated with the Upper
and Lower VMS Zones, and, unexpectedly, with Horizon 1. The results support Troymet’s belief that
significant VMS mineralization likely occurs at dep th in the Upper and Lower VMS zones. The
unexpectedly strong anomaly associated with Horizon 1 suggests an untested mineralized mass at
depth.
The single test line was orientated orthogonal the Upper Zone and Lower zone VMS mineralization, and
to the three stacked horizons hosting VMS mineralization. Several gravity highs can be identified on the
overall Bouguer Gravity profile ( Figure 2 ). One high is associated with the Upper Zone miner alization
(~300 metres). The Lower Zone mineralization may be related to the broad, lower amplitude gravity high
from ~340 to 500 metres. However, the Lower Zone dip s at ~65 ° under the upper Zone ( Figure 3 ) with
the result that the strong anomaly at ~300 metres i s thought to be the result of the superimposition o f
the two zones. Alternatively, the gravity is indicat ing a significant sulphide mass associated with the
Upper Zone. The best massive sulphide mineralizatio n was intersected in holes RH16-04 and RH06-25
(Figure 4 ). Mineralization between these two strong interse ctions and surface is typically thin and
stringer-like as might be expected peripheral to a well-developed VMS deposit. A borehole EM survey
(BHEM) of RH06-25 identified an off-hole response at 30 Hertz, with conductivities in the range of 100 to
300 Mhos indicating a potentially large body of mineralization under holes RH16-04 and RH06-25. This is
the primary drill target in this area.
A second significant high is associated with Horizo n 1 and its associated Fixed Loop Transient EM
(FLTEM) conductor. The strong gravity anomaly indic ates potential at depth. Horizon 1 has not been
drill tested at depth and the FLTEM conductor has n ot been drill tested along strike. The distribution of
sulphides in Horizon 1 may mimic the Lower Zone wit h the better VMS mineralization occurring at
depth. This is an important drill target.
A broad, lower amplitude gravity high occurs within Horizon 3. Gravity anomalies also occur at the start
(0 metres) and finish (700 metres) of the survey li ne. These anomalies have not been delineated. The
anomaly at 700 metre occurs with a FLTEM conductor which is likely mapping a potentially mineralized
horizon. This has not been drilled.
The anomaly at 0 metres lies in an overburden cover ed valley and on the north flank of the induced
polarization/magnetic high drill tested by the Comp any in 2016 (hole RH16-01). This hole was probed
with BHEM; no conductors were identified. Following completion of the 2016 drill program, and with a
better understanding of the stratigraphy of the vol canic pile, it was recognized that the favourable an d
prospective VMS geology occurs stratigraphically below this horizon, to the northeast, towards Horizon
3.
Box 37033, Country Club PO, Nanaimo, BC V9T 6N4 T: 250-729-0453 E: [email protected]
The survey was completed by Excel Geophysics Inc. Station spacing was 10 metres and 69 stations were
surveyed. An extended gravity survey is being considered given the positive results from the test survey.
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]
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 i n respect of: the Redhill Project, including the po ssible 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 t he Redhill Project, including the potential resumpt ion 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 potent ial of such exploration targets; and the ability an d the timeframe within
which the Redhill Project can be advanced. There ca n be no assurance that such information will prove to be accurate, and
actual results and future events could differ mater ially from those anticipated in such information. T his forward-looking
information reflects Troymet's current beliefs and is based on information currently available to Troy met 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 equit y financing, if needed, at prices acceptable to Tro ymet; Troymet’s current
and initial understanding and analysis of the Redhi ll Project; the ability of Troymet to discover viab le exploration targets and
the results of exploration on the Redhill Project; the cost of exploration, including sampling and dri lling, on the Redhill Project;
Troymet's general and administrative costs remainin g constant; and the market acceptance of Troymet's business strategy.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors whi ch may cause the
actual results, level of activity, performance or a chievements of Troymet to be materially different f rom those expressed or
implied by such forward-looking information. Such r isks and other factors may include, but are not lim ited to: the early stage
development of Troymet and its projects, and in par ticular, the Redhill Project; general business, eco nomic, competitive,
political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining
exploration company securities; commodity prices; t he actual results of current exploration and develo pment 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 failur e to receive board or regulatory approvals; changes in legislation, including
environmental legislation, affecting Troymet; timin g and availability of external financing on accepta ble 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 desc ription 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 SEDA R website at
www.sedar.com. Troymet does not undertake to update any forward-looking information except in accordance with applicable
securities laws.