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Troymet Commences RC Drill Program at Wildcat Project - Utah
NANAIMO, BRITISH COLUMBIA--(Marketwired - May 10, 2016) - Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the Company") is pleased to report that it h
About this update from Bessor Minerals Inc.
[{"type":"text","content":"NANAIMO, BRITISH COLUMBIA--(Marketwired - May 10, 2016) - Troymet Exploration Corp. (TSX VENTURE:TYE) (\"Troymet\" or the Company\") is pleased to report that it has secured permits to drill its Wildcat gold-silver project in Juab County, Utah, held under option from Renaissance Gold Inc. A drill contract has been signed and crews have been mobilized to prepare drill platforms. Drilling is expected to start in mid-May 2016. The Phase I drill program is budgeted at 1,220 metres of reverse circulation drilling in 9 holes, ranging from 67 to 213 metres, in the \"High Grade Hill\", \"Core\" and \"SE\" target areas (Wildcat Maps). As part of its planning the Company has permitted 14 drill sites. The project is road accessible. The High Grade Hill target contains unusually high grade gold in jasperoid. Silver, bismuth, antimony, tellurium and mercury are also highly anomalous (Corporate Presentation). The Core target encompasses a significant structural intersection on the Joy Fault coupled with a possible volcano-structural depression and/or vent complex. This structural setting is the focus of a 2 km long rock chip geochemical zoning pattern where gold progressively increases towards the Joy Fault. The pattern includes proximal bismuth, copper and silver and peripheral lead, tellurium and arsenic relative to the Joy Fault. Principal component analysis shows that factor 2 scores, related to a precious-metals related assemblage (?), progressively increase in strength as the Joy Fault is approached. This indicates that the metal-bearing hydrothermal system is located in a structurally complex magnetic low, suggestive of pervasive alteration and demagnetization (News Release of January 19, 2016). A fence of two holes drilled in 1990, at the extreme north end of the structural zone, intersected 7.6 metres of 0.56 g/t Au and 3.0 metres of 0.43 g/t Au in the shallow hole. The undercut hole intersected 22.9 metres of 1.27 g/t gold. As well, the High Grade Hill discovery occurs in the Core target. The SE target encompasses the Rattler and Rattler Breccia drill targets, which are adjacent to a large recessive zone developed along the Joy Fault on the margin of the Thomas Caldera. The Rattler anomaly is developed in carbonate rocks immediately adjacent to the Joy Fault in contrast to the Rattler Breccia, which is developed in a structurally co...