Western Troy Drills 3.3 Metres of 2.4% Copper at Lake Chibougamau
June 23 2011 - 9:59AM
Marketwired
Western Troy Capital Resources Inc. (TSX VENTURE: WRY) (Western
Troy or the Company) is pleased to announce results of a 792-metre
hole drilled under the waters of Lake Chibougamau in April 2011.
The hole was located to intersect a large geophysical anomaly and
intersect the down-dip extension of copper, gold and molybdenum
mineralization drilled in the 1980s by Flanagan McAdam.
The hole intersected the mineralized zone from 579 metres to
619.6 metres (vertical depth approximately 420 metres). Significant
intersections within this zone are:
From(m) To(m) Width(m) Grade
------ ----- -------- -----
579 582.3 3.3 2.4 % copper
591.8 593.8 2.0 1.3 g/t gold
617.8 619.6 1.8 0.9 % copper
The hole was drilled at a 45-degree angle from a small island.
Widths shown are not necessarily true widths. In the present hole
and in past holes on the zone, molybdenum mineralization has been
observed and the overall mineralization is considered to be of the
porphyry type, common in the Chibougamau region.
Wayne Holmstead, Western Troy's VP of Exploration commented,
"This is the deepest the zone has been drilled to date and proves
that the mineralization continues to depth with significant grades
and is open in all directions. The prospects of discovering
additional zones of mineralization in the vicinity are
excellent."
The property is located in the prolific Chibougamau mining camp,
approximately 4 kilometres east of the Devlin deposit and 3
kilometres northwest of the Corner Bay copper/gold deposits. The
property is road and power accessible and is located approximately
20 kilometres south of town of Chibougamau where all services exist
including the Copper Rand Milling facility. Western Troy plans a
full drill program on the property in the winter of 2012.
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.
Claude P. Larouche, P. Eng. (OIQ, Quebec), has approved the
technical data presented in the news release. Mr. Larouche is an
independent consultant for Western Troy and acts as the Qualified
Person under National Instrument NI-43-101.
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.
Contacts: Western Troy Capital Resources Rex E. Loesby CEO
416-929-3268 Loesby@westerntroy.com www.westerntroy.com
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