Western Troy Stakes Claims on Large Gossan in the Indian Lake Region of Quebec
TORONTO, ONTARIO -- (Marketwire) -- 07/06/10 -- Western Troy Capital Resources Inc. (TSX VENTURE: WRY), has map staked 41 claims on a large gossan (rusty zone) in the Schefferville area of Quebec. The prospect consists of the Indian Lake East property with 29 claims (1,450 hectares) in NTS area 23P/04, the Indian Lake West property with 6 claims (300 hectares) in 23O/01 and the Indian Lake North property consisting of 6 claims in 23O/08 (300 hectares).
The large gossan area was observed by Western Troy's prospecting crew while traveling by helicopter from Schefferville to another prospect in the area. Upon ground investigation, surface conductive zones were detected with the help of geophysical (beep mat) prospecting and trenching. Additional prospecting in the area has revealed bedrock zones with copper (chalcopyrite and bornite) and zinc (sphalerite) mineralization.
A re-analysis of 2 lake bottom sediment samples on the Indian Lake East Group taken by the Quebec Government in 2009 revealed anomalous values in palladium (20-34 ppb), zinc (1039- 1387 ppm), copper (191-227 ppm) and nickel. Past work on the Indian Lake West group uncovered a brecciated zone mineralized with pyrite, pyrhotite and chalcopyrite. Grab samples of the fault breccia assayed 0.74 and 4.24% copper; and 1.50 and 2.19 g/t gold. The quartzite host rock assayed 0.13% copper and 0.7 g/t gold in a grab sample. The grab samples are from Quebec Government Assessment Files GM46223. The area was covered by airborne geophysical surveys in the 1980's. These surveys are being re-interpreted to generate prospecting targets.
Present work consists of visual and beep mat prospecting. Anomalous areas have been trenched and stripped. Limited line cutting and geophysical surveys are being done in select areas of interest. Rock samples have been taken on the property during routine prospecting. These will be sent to a laboratory for base and precious metal determinations.
About Western Troy: Western Troy Capital Resources Inc. is a mineral exploration company. Its 100% owned MacLeod Lake Project, located about 275 km north of Chibougamau, Quebec, hosts a well defined Main Zone of mineralization as outlined by extensive drilling. In addition, a South Zone resource and several IP anomalies of potential interest have been identified. In April of 2008, Western Troy received an independent Preliminary Assessment (Scoping Study) consistent with National Instrument 43-101 on its MacLeod Lake Property. The report has been filed on SEDAR and is available at www.SEDAR.com and on Western Troy's website, www.WesternTroy.com. Western Troy also has a number of early stage molybdenum, copper, gold, rare earths, uranium, platinum, and other minerals exploration properties in Quebec. The shares of Western Troy trade on the TSX Venture Exchange under the symbol WRY, with 23,284,970 shares outstanding.
This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as 'plans', 'expects' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks related to mining and exploration operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates; accident; labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Rex E. Loesby, P.E., is the qualified person that has reviewed the content of this press release.
(i) Scoping Study: Mineral resources that are not mineral reserves do not have demonstrated economic viability.
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Contacts:
Western Troy Capital Resources
Rex E. Loesby, P. Eng.
President
(416) 929-3268
RexLoesby@aol.com
www.westerntroy.com