Western Troy Capital Resources: Quebec Releases Certificate of Authorization for the Construction of the Route 167 Extension
(via Thenewswire.ca)
December 6, 2011, Toronto, Ontario - Western Troy Capital Resources
(TSX Venture: WRY, US-OTC: WTCRF) (Western Troy or the Company) has
learned that the Quebec ministere du Developpement durable, de
l'Environnement et des Parcs (the "MDDEP") issued a
Certificate of Authorisation for the Route 167 Extension highway
development project that will provide year round road access to within
80 kilometers of Western Troy's 100% owned MacLeod Lake
Copper/Molybdenum. The issuing of this Certificate of Authorization
clears the way for the road's proponent, the Quebec ministere des
Transports ("MTQ"), to now commence road construction
activities.
Rex Loesby, Western Troy's CEO, commented, "Construction of the
Route 167 extension is a critical component of the development of our
MacLeod Lake Project and will allow mine construction to begin in 2013
or 2014 with first production in 2015 or 2016. Part of the mine
development plan is an 80 kilometre spur road from the Route 167
extension to the mine site. Our "bankable feasibility"
study is progressing well with completion expected in early second
quarter 2012. A major component of that study is a 12 megawatt
hydroelectric power system to be installed on the Eastmain River which
will supply very low cost electric power to the mine. The power
system will have an operating life that is expected to extend well
beyond the mine life. The power system, along with the road system,
could provide the foundation for long term, sustainable development
that have the potential to provide lasting benefits for the Cree
communities in the region."
About Western Troy: Western Troy's shares trade on the TSX Venture
Exchange under the symbol WRY. Western Troy has 33,589,970 shares
outstanding. More information on Western
Troy can be found on its Website at www.westerntroy.com.
Forward Looking Statements: Statements in this release that are
forward-looking reflect the Company's current views and expectations
with respect to its performance, business, and future events. Such
statements are subject to various risks and assumptions, some, but not
necessarily all, are disclosed elsewhere in the Company's periodic
filings with Canadian securities regulators. Such statements and
information contained herein represent management's best judgment as
of the date hereof based on the information currently available;
however actual results and events may vary significantly. The Company
does not assume the obligation to update any forward-looking
statement.
Neither 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 release.
Contact Information:
Western Troy Capital Resources
Rex E. Loesby, CEO
Tel: 416-929-3268
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