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Troymet Exploration Corp.
Summary
| Project: | Redhill | |
|---|---|---|
| Deposit: | Alpha Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper-Zinc | |
| Date: | 11/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-11-2016: Troymet Exploration Corp. announces an Exploration/Drilling Update report for its Alpha Zone deposit at the Redhill project. Drilling results incl. 6.50m @ 0.72% Cu, 6.50g/t Ag from 5.10m. November 15, 2016 - Troymet Exploration Corp. (TSXV: T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kieran Downes, Ronald McMillan (Internal) | |
| ABSTRACT: | November 15, 2016 - Troymet Exploration Corp. (TSXV: TYE) ("Troymet" or the Company”) is pleased to report the discovery of a significant new zone of copper-rich volcanogenic massive sulphide (“VMS”) on the Alpha zone of the Redhill project in British Columbia. Drilling also intersected the extension of the high-grade mineralization in hole RH-06-25, and demonstrated that the mineralization is relatively shallow and open on strike and to depth. The successful 2015-2016 exploration program has advanced the Redhill project and the Company is looking forward to resuming exploration on the significant targets it has identified. Alpha Zone Hole RH16-04 intersected a new, near surface, zone of copper mineralization (“Upper Zone”); Figure 1. The hole, drilled from a platform excavated into the side of a hill, intersected mineralization grading 0.72% copper and 6.5 g/t silver over 6.5 metres, starting at a depth of 5.1 metres. The copper mineralization extends upwards an additional 3.8 metres to the base of the casing; however, because of poor recovery in this interval, a reportable mineralized interval cannot be calculated. Secondary copper mineralization (malachite and chrysocolla) is present in the wall of the drill platform. The downhole width of the mineralized zone is estimated to be in excess of 11.5 metres. Troymet plans to strip, map, trench and sample the mineralization prior to further drilling. Hole RH16-04 also intersected VMS mineralization grading 0.64% copper and 1.5% zinc over 2.0 metres from 206.3-208.3 metres downhole (“Lower Zone”); Figure 2. This intersection is ~20 metres laterally and ~20 metres higher than the mineralization in hole RH-06-25 (8.75% copper, 4.75% zinc, 1.22 g/t gold & 61.19 g/t silver over 2.04 metres). The mineralization in hole RH-06-25 comprises VMS and stringer zone mineralization. The mineralization in hole RH16-04 consists only of VMS mineralization with durchbewegung texture. The mineralization is crudely bedded and dips ~65° to the west. The topography also drops off to the west into a prominent valley. The mineralization is open along strike and to depth, and lies deeper than was tested by previous drilling in the VMS prospect. Additional drilling is required to explore and delimit this significant area of VMS mineralization. | |
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