Resource World Magazine

fiEl d R E p ORt TroyMet resumes exploration on Key Project by Kathrine Moore TroyMet Exploration Corp. [TYE-TSXV] had halted its exploration program at the Key Project in northern British Columbia this summer as Canfor was on the property logging and putting in roads. On a recent site visit, I saw firsthand the extensive network of roads and clearings left by the logging company. As inconvenient as having to halt exploration might seem, the logging company's work program has actually significantly benefited Troymet by reducing exploration costs and advancing exploration plans. Because of Canfor's logging and road building activity, TroyMet has gained clear access to drill targets that were previously inaccessible. Kieran Downes, Ph.D., P .Geo, President and CEO of Troymet, estimates the value to Troymet of Canfor's work (clear cutting of target areas, new exposures, road building, ongoing road maintenance, environmental management etc) when complete, will be in the order of $500,000. Troymet's current work program which includes drilling is budgeted at $1,000,000. Troymet acquired the Key Project in 2007 and expanded the property through staking and acquisition through 2009. A May 2012 technical report on the Key property states that, "The geological setting is conducive to porphyry and volcanogenic massive sulphide deposits and structurally controlled and intrusive hosted precious metals deposits." The report states that, "soil sample data from the 2010 and 2011 programs was combined with historical data from sampling programs in 1980, 1982, 1984, and 1994." The soil sampling programs identified significant anomalous zones for base metals copper, zinc, lead and molybdenum and for gold and silver. Phase I drilling, the first drilling ever done on the property, in 2011, comprised 12 reconnaissance holes. Five holes were drilled in the Good News Lake area and four holes were drilled on the west side of the property. Three other holes were lost in broken rubbly ground and thick overburden. Highly anomalous, porphyry-style mineralization (copper, molybdenum, zinc silver and gold) was encountered in the Good News Lake area. Results from extensive soil sampling have been interpreted and suggest that epithermal, porphyry and volcanic massive sulphide mineralization is present on the property. On September 18, Troymet announced that it had resumed exploration on its flagship, 100%-owned property saying that, "Troymet anticipates significant exploration and financial benefits from Canfor's logging program in the form of new bedrock exposures including possible new mineralized zones that will facilitate easy access for drilling." The roads will allow year-round access for drilling. The $1,000,000, fully funded, fully permitted exploration program is underway. 42 www.resourceworld.com left to right: second from the left, kieran Downes, president of Troymet; Aaron Chan, Canaccord and Jason Birmingham, Baron group Intl. Downes stated, "We look forward to drill testing the high potential gold targets identified by Troymet's 2011 and 2012 exploration programs over the eastern half of the property. The number and scale of the as yet undrilled targets indicate the Key Project has significant discovery potential." The company has planned at least 1,000 metres of reverse circulation drilling in holes 50 to 100 metres deep. Downes estimates that 10 to 20 holes will be drilled in areas where soil samples and an airborne survey have identified anomalies: the Buzz Zone, the Good News Lake area and the Tsacha Mountain area. Drilling should progress pretty quickly once the drill is on site; it is expected to arrive by mid-October. With the new logging roads providing easy access, Downes predicts that they should be able to do one to two, maybe even three holes a day, depending on depth. The program will continue into winter months if necessary. Downes said, "Troymet has identified a large hydrothermal system in the Good News Lake area. This large and deeply rooted plumbing system extends over several kilometres and is intimately associated with the majority of the target areas selected for drill testing. Its large size together with the large number of associated target areas indicates significant discovery potential in this part of the Key property." The Key Project is located about 125 miles southwest of Vanderhoof, British Columbia and is easily accessed by a network of well-established logging roads. The 8,854 hectare property is strategically located immediately adjacent to New Gold Inc.'s NOVEMBER 2012

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