October 17, 2008
Western Troy Stakes Claims on Molybdenum Anomaly Southwest of the Troilus Mine in Quebec
Western Troy Capital Resources Inc. (TSX VENTURE: WRY)("Western Troy") announced today that it has staked 29 claims in three areas on molybdenum showings and geochemical anomalies approximately 15 to 40 kilometers southwest of the Troilus Mine in Northern Quebec. Western Troy's VP of Exploration, Wayne Holmstead, has identified the anomalies as part of Western Troy's detailed analysis of available information generated by regional geochemical sampling programs undertaken by the Quebec Ministry of Natural Resources. The anomalous values are located along strike southwest of Inmet's active Troilus copper/gold mine. One area is a mineralized showing (sample of bedrock considered to be in place) with values up to 1.5% molybdenum (15,000 parts per million - ppm) with several soil and stream anomalies over a 1 km strike length such as a 210 ppm in a stream sediment geochemical sample and 170 ppm in a soil geochemical anomaly. Another area has a molybdenum, silver, and bismuth showing with an average assay of value from several samples of 4500 ppm Molybdenum and 4700 ppm Bismuth. This showing is associated with a soil geochemical anomaly of 400 ppm molybdenum and another rock sample of 520 ppm molybdenum. The third area is a molybdenum showing with the average of several samples assaying 5700 ppm molybdenum associated with a soil geochemical anomaly of 40 ppm molybdenum.
Mr. Holmstead commented, "This ground looks highly prospective and in an area where porphyry-style mineralization is being mined for copper and gold at the Troilus Mine. This and the existence of numerous anomalous molybdenum values in the area make the area prime for the discovery of a porphyry-style Mo deposit. The entire area is easily accessible from the Troilus road and power line."Western Troy will be visiting the site for a preliminary assessment this fall.
About Western Troy
Western Troy Capital Resources Inc. is a mineral exploration company. Its 100%-owned MacLeod Lake Property, 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, uranium, platinum, rare earths, and other minerals exploration properties in Quebec. The shares of Western Troy trade on the TSX Venture Exchange under the symbol WRY, with 19,550,970 shares outstanding.
Statements in this release that are forward-looking reflect Western Troy'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 information currently available; however actual results and events may vary significantly. The Company does not assume the obligation to update any forward-looking statement.
Rex E. Loesby, P.E., is the qualified person that has reviewed the content of this press release.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Contacts: Western Troy Capital Resources Inc. Rex E. Loesby, P. E. President (416) 929-3268 Email: [email protected] Website: www.westerntroy.com
SOURCE: Western Troy Capital Resources Inc.