Western Troy Capital Resources Inc.

Western Troy Capital Resources Inc.

March 08, 2010 10:07 ET

Western Troy Stakes Claims on Additional Gold Anomalies at Schefferville

TORONTO, ONTARIO--(Marketwire - March 8, 2010) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY), today announced that it has made application for 37 additional claims in the Schefferville area of Quebec. The claims were acquired in response to a release of geochemical data by the Quebec Government (PRO 2010-02) at the opening of the Prospectors and Developers Association of Canada Convention in Toronto on Sunday, March 7, 2010. Previous sampling in the area indicated anomalous gold values in lake sediments. Additional sampling in 2009 confirmed the original results and also indicated additional areas of interest. The government report stated, "The detailed survey conducted southwest of Schefferville confirmed a gold and arsenic anomaly initially defined based on the results of re-analysis conducted in 2006. This anomaly was also outlined last year when samples in this region were reanalyzed (Maurice and Labbé, 2009). Several gold showings are known to the north of this area in high-grade metamorphic rocks (Clark and Wares, 2006), associated with iron formations, metabasites and graphitic paragneisses." Western Troy has previously acquired claims over many of the gold showings to the north referred to in the Quebec Government report.

To view the accompanying map, please visit the following link: http://media3.marketwire.com/docs/wrymap308.jpg

Previous work done by Western Troy on claims and gold showings to the north of the new claims included reconnaissance work and diamond drilling (see Western Troy Press Release dated October 30, 2009 at www.westerntroy.com). Significant results on the diamond drilling included:

  5.56 g/t gold over 7.11 meters and
  8.56% lead and 1.96% zinc over 3.05 meters

Work planned this year in the Schefferville area will include geophysical, geochemical, geological surveys during the summer to be followed by a diamond drilling program in the fall. 

About Western Troy: Western Troy Capital Resources Inc. is a mineral exploration company. Its 100% owned MacLeod Lake Project, 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, gold, rare earths, uranium, platinum, and other minerals exploration properties in Quebec. The shares of Western Troy trade on the TSX Venture Exchange under the symbol WRY, with 23,284,970 shares outstanding. 

This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks related to mining and exploration operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates; accident; labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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. Rex E. Loesby, P.E., is the qualified person that has reviewed the content of this press release.

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