Troymet Exploration Completes Gravity Survey at Redhill Project

NANAIMO, British Columbia, July 07, 2017 (GLOBE NEWSWIRE) -- 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.