COMOX, BRITISH COLUMBIA–(Marketwire – Nov. 3, 2011) – Troymet Assay Corp. (TSX VENTURE:TYE – News; “Troymet” or the “Company”) letters the Phase II clay sampling affairs on its 100% endemic (8,854 ha) Key activity in British Columbia, has been auspiciously completed. The Key acreage is strategically amid amid and adjoining to New Gold Inc.’s Blackwater gold drop and the 3Ts gold-silver drop of Argent Quest Resources Ltd. The Capoose argent drop (New Gold Inc.) is amid about 12 km to the northwest.
New Gold acquired the Blackwater acreage through its acquirement of Richfield Ventures Corp. for $550 actor (News Absolution of April 4, 2011). Added recently, New Gold circumscribed its position in the commune through its accretion of Argent Quest’s 25% absorption in allotment of the Blackwater activity as able-bodied as Argent Quest’s 100% absorption in the Capoose acreage for $132 actor (News Absolution of October 17, 2011). As allotment of its alliance of interests New Gold additionally acquired Geo Minerals Ltd.’s West Blackwater backdrop for $16 actor (News Absolution of October 17, 2011).
Troymet letters it has now completed clay sampling over the arch ambition areas adjoining to the Blackwater property, forth the arch structures trending from the Key acreage assimilate the Blackwater property, and forth the east ancillary of the Key property. The Phase II clay sampling affairs completed and broadcast the Phase I program. Phase II was bedfast to the northeast genitalia of the acreage adjoining to the Blackwater gold deposit.
“We are admiring the clay sampling affairs was completed in a appropriate address and advanced of schedule, and we attending advanced to an advancing conduct affairs in the New Year. Troymet is absolute encouraged by New Gold’s alliance of its interests in the commune and has added aplomb in the amount of the Key acreage and its assay potential.” declared Kieran Downes, President and CEO.
The Aggregation has confused sampling of the southwest bend of the Key acreage to a Phase III affairs to be completed in 2012 as Troymet has been brash the breadth will be logged in 2012. This will aftereffect in a added absolute and amount able assay program. The Aggregation had planned to conduct clay sampling, in 2011, in this difficult to admission allotment of the acreage which is adjoining to the 3Ts gold-silver deposit. Argent Quest has appear an NI 43-101 adjustable ability appraisal of 942,600 tonnes @ 4.89 g/t gold and 77 g/t argent for the 3Ts drop (Silver Quest Actuality Sheet of August 31, 2011). As well, Argent Quest completed 1,645 beat assignment affairs (10 holes) on the 3Ts drop in 2011 from which after-effects are pending. Earlier, Argent Quest had appear the assay of at atomic four new quartz-carbonate veins in bulge (News Absolution of July 26, 2011).
As allotment of the Phase II program, admission routes were articular to a cardinal of assignment targets in the breadth of Tsacha Mt. which were aloof during the winter 2011 assignment affairs due to breadth and weather. These, and anew articular targets, will be activated back conduct resumes.
All clay samples accept been submitted to ALS Chemex Labs Ltd. for analysis. After-effects will be appear already received, interpreted and validated.
Troymet is able-bodied financed and holds an agitative portfolio of adored metals and abject metals assay properties.
President & CEO, Kieran Downes, P. Geo., a able being as authentic by National Instrument 43-101, is amenable for and has absolute the abstruse advice provided in this release.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo., President, CEO & Director
This columnist absolution may accommodate assertive advanced information. All statements included herein, added than statements of absolute fact, is advanced advice and such advice involves assorted risks and uncertainties. There can be no affirmation that such advice will prove to be accurate, and absolute after-effects and approaching contest could alter materially from those advancing in such information. A description of assumptions acclimated to advance such advanced advice and a description of accident factors that may account absolute after-effects to alter materially from advanced advice can be begin in the company’s acknowledgment abstracts on the SEDAR website at www.sedar.com. The aggregation does not undertake to amend any advanced advice except in accordance with applicative balance laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this account release.
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