Troymet (100%) Claims
Troymet's 2011 exploration program on the MAC conductor identified the northern extension of the horizon that hosts the Discovery zone (News Release - April 11, 2011). The results of the first-pass reconnaissance drilling program are significant as they indicate the presence of a +2,000 metre long stratigraphic horizon that carries base metal mineralization in the two locales, where tested. The identification of a productive, base metal mineralized horizon extending through Troymet's 100% owned claims significantly increases the possibility of a significant VMS discovery on the Company's 100% owned ground.
Strategic Alternatives Review
Troymet is currently evaluating the various strategic alternatives available to Troymet with the goal of maximizing shareholder value. These alternatives may include, but are not limited to, a consolidation of the common shares of Troymet, the spinout of a property or properties of Troymet, joint ventures or other business combinations involving Troymet. No decision on any particular alternative has been reached at this time and there can be no assurance that the review of strategic alternatives will result in any change in Troymet's current operations, structure, assets or properties, that Troymet will pursue any particular transaction nor that any transaction will be concluded. Troymet does not intend to make any further announcement regarding the strategic alternatives review unless and until its Board of Directors has approved a specific transaction, if any, another course of action has been approved by the Board of Directors of Troymet or the Board of Directors otherwise deems disclosure of strategic alternatives developments is appropriate.
Kieran Downes, P. Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and verified the technical information provided in this release.
TROYMET EXPLORATION CORP.
Kieran Downes, Ph.D., P.Geo., President, CEO & Director
This press release may contain certain forward-looking information. In particular, this press release contains forward-looking information in respect of potential expenditures and a potential discovery on the McClarty Lake project. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. This forward-looking information reflects the Company's current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include, but are not limited to, the actual results of exploration projects being equivalent to or better than estimated results in technical reports or prior exploration results, that the results it has received and the interpretation thereof are reliable and future costs and expenses being based on historical costs and expenses, adjusted for inflation. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the early stage development of the Company and its projects; general business, economic, competitive, political and social uncertainties; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation, affecting the Company; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. A description of other assumptions used to develop such forward-looking information and a description of other risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Troymet Exploration Corp.
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