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WRY Western Troy Capital Resources Inc

0.05
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Western Troy Capital Resources Inc TSXV:WRY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.05 0.05 0.145 0 01:00:00

Western Troy Drills 3.3 Metres of 2.4% Copper at Lake Chibougamau

23/06/2011 2:59pm

Marketwired Canada


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.


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