Western Troy Capital Resources Inc.

Western Troy Capital Resources Inc.

June 01, 2006 13:01 ET

Western Troy Defines Potential High Grade Resource at MacLeod Lake

TORONTO, ONTARIO--(CCNMatthews - June 1, 2006) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY) released results from its drilling program conducted at its MacLeod Lake molybdenum/copper project in Northern Quebec. The table and map below show results from drilling in the South Zone conducted in March and April of this year, along with results for the area from previous drilling programs. The drilling shows a well defined zone of potentially economic high grade mineralization that could be exploited by underground methods. The zone trends approximately North 25 degrees East, has been traced by drilling for about 500 meters along trend, is 200 to 250 meters wide and plunges at an angle of about 10 degrees to the Northeast. The average thickness of the zone is in the 3.5 to 4 meter range. The zone appears to pinch out to the southwest, but it is open to the North and West. An inferred mineral resource of 877,000 tonnes grading 0.22 percent molybdenum, 0.84 percent copper, 0.59 g/t gold, and 16 g/t silver has been identified.

The South Zone resource was calculated using a series of horizontal polygons constructed with polygon limits usually being half way to the adjacent drill hole. On the southwestern end the limit is the sub-outcrop and on the northeastern end the polygons were projected 50 m past the last drill hole. All zone thicknesses are vertical drill hole intercepts or for angle holes they are converted to a vertical thickness. A cut-off grade of USD 30/tonne using only copper (USD 1.25/lb) and molybdenum (USD 6.00/lb). No gold or silver values were used in the estimate. As well, a minimum 3 m thickness (mining height) was used.

Rex Loesby, President of Western Troy, commented, "The results from the South Zone, along with similar structure and grades intersected 6 kilometers northeast along the granodiorite/gneiss contact, confirms the view that the most of the length of the contact (15 kilometers) is prospective for finding additional ore grade mineralization. We will be back on the property in early June to perform ground geophysics and drill test additional targets along the contact in the area to the northeast of the Main and South Zones."

The high grade inferred resource in the South Zone is in addition to the 43-101 Main Zone indicated resource of 23.7 million tonnes grading 0.08 percent molybdenum, 0.52 percent copper, 0.05 g/t gold, and 4.0 g/t silver, and an inferred resource of 3.8 million tonnes grading 0.026% molybdenum, 0.36 percent copper, 0.03 g/t gold, and 2.0 g/t Silver. An updated 43-101 report will be prepared within 45 days of this release.

Western Troy - MacLeod Lake Project
South Zone Drilling

Grid Coord. Azimuth/ Intersection (m)
Hole Line Station Incli- Au Ag Cu Mo
nation From Length (g/t) (g/t) (%) (%)

2006 Drilling:
110 16S 2+00E 240/60 No significant intersection.
111 16S 3+00E 240/50 No significant intersection.
112 16S 3+00E 90 No significant intersection.
113 16S 5+00E 240/50 No significant intersection.
114 16S 5+00E 90 No significant intersection.
115 15S 5+00E 90 103.3 3.7 0.34 25 1.14 0.372
116 15S 3+00E 240/50 70 5.2 0.18 14 0.61 0.160
117 15S 3+00E 90 60.3 5.7 0.336 21 0.96 0.260
118 15S 2+00E 240/60 47 3.0 0.18 7 0.37 0.170
119 14S 3+00E 240/50 96 1.0 0.31 36 1.60 0.060
120 14S 3+00E 90 No significant intersection.
121 14S 5+00E 90 No significant intersection.

Prior Drilling:
53 15+60S 0+58W 240/45 No significant intersection
59 14S 4+00E 90 86.9 5.0 1.631 15 0.28 0.490
61 16S 4+00E 90 88.0 3.0 0.313 44 1.09 0.007
62 18S 4+00E 90 No significant intersection
69 12+50S 2+00E 90 No significant intersection
73 15S 4+00E 90 87.0 5.9 1.04 30 1.20 0.160
74 15S 6+00E 90 110.0 3.1 0.273 20 0.80 0.056
80 15S 0+25W 90 6.0 2.0 0.163 7 0.28 0.078
81 15S 0+75E 90 31.2 2.0 0.084 13 0.73 0.005
82 16S 0.25E 240/75 13.1 3.0 0.274 11 0.75 0.102
83 17S 0+00 240/75 11.6 3.4 0.010 1 0.07 0.134

For a map of the MacLeod Lake Property, please click on the link below:


Northeast Zone Drill Results:

Two deep holes were drilled on geophysical anomalies in the "Northeast" area. Both holes intersected the contact between the granodiorite and gneiss. The contact was intersected at 380 meters depth in hole 106 and 280 meters depth in hole 107. Hole 107 intersected approximately 11 meters of copper mineralization including 2 meters of 1.00% copper at 292.2 meters depth. Hole 106 was extended to a depth of 403 meters (the limit of the drill rig) but it did not intersect a mineralized zone. The style of mineralization in 107 is typical of that found on the fringe of the South Zone which is approximately 6 kilometers distant. This confirms Western Troy's view that most of the length of the 15 kilometer contact between the granodiorite and gneiss is prospective for finding additional mineralization..

Other Drill Results:

Two holes were drilled in the area of the "Blue Dot." The drilling in this area was initiated as a result of the identification of a large IP anomaly in the area. The drilling of holes 104 and 105 showed the anomaly is sub-economic sulphide mineralization. Western Troy's geologists now believe molybdenum/copper mineralization which may have been above the current surface in this area, was subsequently eroded.

Additional Geophysics and Drilling Scheduled for June:

Economic molybdenum/copper mineralization has been found at MacLeod Lake in areas where the granodiorite/gneiss contact is near surface. Examples of this are the Main and South Zones. The granodiorite/gneiss contact in the area of holes 106 and 107 is much deeper than previously thought, leading Western Troy's geologists to conclude that the surface expression of the contact is further to the southwest than was earlier believed. This area has been investigated only with airborne geophysics.

Western Troy plans surface geophysical studies followed by drilling in the area to the Southwest and North of holes 106 and 107. A program of approximately 1500 meters of drilling is scheduled to begin June 8 of this year. Western Troy has sufficient funds to conduct this program without need of additional investment. Results from this program should be available by August 1, 2006.

The geologic evaluations and opinions presented in this release are those of Stewart Winter of Winterbourne Explorations Ltd., Sudbury, Ontario. Mr. Winter is an independent "qualified person" within the meaning of National Instrument 43-101. Mr. Winter prepared the data presented here and has reviewed and approved the content of this press release.

Quality Control:

Western Troy has a quality control program in place to ensure best practices in sampling and analysis of drill core. Samples of drill core are sent to the ALS Chemex preparation laboratory in Val d'Or, Quebec for sample prep and analysis for gold following which a pulp sample is sent to the ALS Chemex North Vancouver lab for ore grade analysis for silver, copper and molybdenum. ALS Chemex is an ISO 9001: 2000 registered laboratory with the North Vancouver lab accredited by the Standards Council of Canada to ISO 17025 levels. Company quality control procedures include the analysis of its own blanks, and duplicates, introduced among the batches of samples, in addition to those used by the laboratory for its routine testing. Samples are crushed to greater than 70% passing 10 mesh, and pulverized to greater than 85% passing 200 mesh. A fraction of the pulps is analyzed for gold by fire assay and AAS. Another fraction of the pulps is digested in aqua regia acid and ore grade silver, copper and molybdenum values are determined by AAS.

About Western Troy:

Western Troy Capital Resources Inc. is a mineral exploration company. Its 100%-owned MacLeod Lake Property hosts a well defined Main Zone of mineralization as outlined by extensive drilling, as well as the South Zone and several IP anomalies of potential interest. The shares of Western Troy trade on the TSX-Venture exchange under the symbol WRY, with 10,109,453 shares outstanding. Last October, Western Troy received an independent Technical Report consistent with National Instrument 43-101 on its MacLeod Lake Property located about 275 km north of Chibougamau, Quebec. The report has been filed on SEDAR and is available at www.SEDAR.com and on the company's website, www.WesternTroy.com.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for accuracy or adequacy of this release.

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