Troymet reports assays from Key project

Tuesday, Jan 15, 2013

Troymet Exploration Corp. (TSX VENTURE:TYE) ("Troymet" or the "Company") reports results from the fall, reverse circulation drilling program on its 100% owned Key gold project in British Columbia (16 holes - 867 metres). Active logging severally restricted access for drilling with the result that only four target areas were drilled: Buzz, SGN, Blue and P1A (www.troymet.com/i/maps/Key_Au-DH-PA1.jpg). Access to the SGN anomaly was restricted to the northern end of the anomaly at Good News Lake - the core of the anomaly has not been drilled. Access to the Blue anomaly was restricted to two sites (www.troymet.com/i/maps/Key_Au-DH-PA2.jpg). Hole RC- 10 intersected bedrock gold mineralization in the Buzz B anomaly; holes RC-15 and RC-16 intersected wide zones of alteration carrying anomalous gold +/- silver at the north end of the SGN anomaly; and hole RC-01 intersected anomalous copper over a significant width in the Blue anomaly. The area continues to be actively logged and it is anticipated that there will be excellent access for drilling of all target areas and for surface exploration upon completion of the logging program. The 8,854 hectare Key project is strategically located immediately adjacent to New Gold Inc.'s Blackwater gold deposit where a positive Preliminary Economic Assessment was announced on September 20, 2012.

The drill program tested for bedrock gold mineralization under and adjacent to high gold-in-soil anomalies regardless of whether there was an associated induced polarization anomaly. Holes RC-08, RC-09 and RC-10, drilled on a approx. 125 metre long east-west section through the Buzz B (max. value 0.22 g/t Au), intersected bedrock gold-silver mineralization - elevated values in RC-09 and significant values in RC-10 (0.38 g/t gold over 13.71 metres including 2.74 g/t gold over 1.52 metres - Table 1). The mineralization occurs within the peak of the Buzz B anomaly and is open to the north, south, east and to depth. Holes RC-09 and RC-10 were drilled heel to toe. The mineralization in both holes starts immediately in the sub-crop indicating the Buzz B gold-in-soil anomaly is reflecting bedrock gold mineralization.

Hole RC-03 and RC-04 (Buzz C) were drilled as 25 metre step outs, north and south respectively, of the silver intersection in hole Key-09(1) (11.13 g/t silver, 0.23% zinc and 0.05 g/t gold over 5.0 metres). Hole RC-04 intersected 2 sections with anomalous silver (Table 1).

Source: Marketwire