GOLD/SILVER – Troymet Exploration Corp. Dec. 8 said it has terminated its option on the Thelon project in Nunavut. The project is no longer considered core to Troymet’s business as the company seeks to further control costs. Troymet is conducting due diligence on a number of potential business transactions and aggressively pursuing these various opportunities. The junior also said it is continuing to review proposals that meet the company’s criteria for investment or acquisition. If Troymet determines to proceed with an acquisition or a potential transaction at a future date, depending on market conditions, Troymet would likely complete a 10 (old) for 1 (new) common share consolidation (approved by shareholders at the company’s July 18, 2014 shareholder meeting) concurrently with such transaction. Currently, Troymet has not executed any agreements, letters of intent or term sheets in relation to such potential transactions, nor has it determined through negotiations or otherwise, any actual terms or conditions at this time. There is no guarantee that any of these potential transactions will occur, and it is possible that none of the potential transactions that Troymet is currently reviewing will occur. In a projects update, Troymet said it conducted exploration in 2014 at its Golden Eagle project on the southern extension of Skarn Zone. The 8,178-hectare (20,208 acres) Golden Eagle project is located in northwestern British Columbia, just south of the B. C.-Yukon Territory border. The program confirmed elevated to anomalous gold, silver and pathfinder geochemistry within an area measuring roughly 1,300 meters by 900 meters along the Paddy Fault system that controls the Skarn zone mineralization. Historic drilling was limited to a 265-meter strike length of the fault and intersections of visually obvious mineralization ranged from 1.32 grams per metric ton gold over 3.2 meters to 7.64 g/t gold over 3.5 meters, with the best intersections occurring at the southern end. One confirmation hole, drilled by Troymet in 2011, collared in mineralization and intersected 36.45 meters grading 1.27 g/t gold. This intersection demonstrated the potential for high-grade, sub-cropping, bulk tonnage gold mineralization that was not recognized in the past. Troymet also said its McClarty Lake Joint Venture in Manitoba with Hudbay Minerals Inc. is currently in the 2015 budgeting cycle. In addition to its 40 percent interest in the McClarty Lake JV, Troymet owns a 100 percent interest in the MAC claims that cover the extension of the horizon that hosts the Discovery Zone on the JV claims.