Western Troy Capital Resources Inc.
TSX VENTURE : WRY

Western Troy Capital Resources Inc.

December 21, 2009 11:02 ET

Western Troy Stakes Claims on Franelle Copper Prospect in Quebec

TORONTO, ONTARIO--(Marketwire - Dec. 21, 2009) - Western Troy Capital Resources Inc. (TSX VENTURE:WRY) is pleased to announce that application has been made to acquire 2 claims that cover the Franelle copper prospect. The Franelle copper prospect is located approximately 90 kilometres northwest of Schefferville, Quebec, and about 50 kilometres northeast of Western Troy's Schefferville gold property, where significant gold, lead, zinc, and silver intersections were encountered in a diamond drill program in September, 2009 (see press release: http://media3.marketwire.com/r/wry1221).

The Franelle copper prospect is hosted by a northerly striking, near vertical dipping gabbroic intrusive that is approximately 200 meters wide and strikes the length of the claims (about 1000 meters). Copper mineralization is disseminated in all parts of the gabbro in varying concentrations. Enriched zones and fracture controlled, higher grade mineralized zones are also present. Copper minerals observed are chalcopyrite, chalcocite, malachite and bornite. Accessory minerals are magnetite, ilmenite and epidote. There is a surprising lack of pyrite and pyrrhotite in the mineralized zone.

The Franelle copper prospect was discovered during a regional reconnaissance program by Canada Tungsten in 1975 (GM33646, Quebec Assessment Files). The first drilling on the prospect was in 1977 with the following results:

                     
 Hole Grade (%Cu ) Length (m ) Grade(%Cu ) Length(m ) Grade(%Cu ) Length(m )
77-1  0.19      49.5                   
77-2 0.21      52.7          
77-3  0.29      173.4 including        0.59   33.2 including        0.80   14.9  
77-4  0.51      50.3 including        0.86   25.3          
77-5  0.19      19.1                
77.6  0.19      202.5                  

The property was then optioned to Outland Resources which drilled 4 holes on the property in 1987. The drilling was not filed for assessment work but the core was logged and sampled by Fenton Scott of Fonteneau Resources (GM53415, Quebec Assessment Files). Hole 87-1 intersected 3 zones of mineralization; 0.74% Cu over 23.2 meters, 0.37% Cu over 20.1 meters and 1.05% Cu over 3 meters. In Hole 87-2, 9.8 meters of core was sampled for an average grade of 0.83% Cu. Scott visually estimated that there were 30 meters of similar mineralization in this hole. Representative samples were taken on Hole 87-3:

From  To    Length   Grade (%Cu )          Comment
(m) (m ) (m )      
25.3  25.9    0.6            0.40            Core not previously sampled
32.6  35.6    3.0            0.62            Visually slightly higher grade
111.9  114.9    3.0            2.94            Malachite, no sulphides
145.7  148.7    3.0            0.16            Visually lower grade
215.5  218.9    3.4            0.22            Visually lower grade

Based on this sampling and the discovery of two new copper showings on the property, Fenton Scott postulated, "While the 1977 drilling suggested a background copper value of 0.23% for the areas cored, the 1987 drill results are indicative of rock volumes in the 0.75 to 1.00% range. The existence of these volumes will augment the average copper grade of the intrusive structure, and possibly permit higher grade selective mining."

Additional drilling was done in 1995 by Black Pine Limited (GM53794, Quebec Assessment Files). The results confirmed previous drilling results and are summarized below:

             
 Hole Grade(%Cu ) Length(m ) Grade(%Cu ) Length(m )
95-01 0.28   19.8 including   0.65   3.0  
95-02 0.26   12.2 including   0.68   1.5  
95-03 0.36   23.3 including   0.56   8.2  
95-04 0.24   40.8 including   0.52   3.0  
95-05 0.29   43.4 including   0.65   14.0  
95-06 1.35   4.9 including   3.19   1.8  
95-07 0.36   31.7 including   0.54   8.2  
95-08 0.56   39.0 including   0.67   10.1  
95-09 0.22   43.0 including   0.52   4.9  
95-10 0.22   66.8 including   0.48   6.1  
95-11 0.24   81.1 including   0.38   27.4  
95-12 0.17   50.0 including   0.73   1.8  
95-13 0.20   77.1 including   0.52   7.3  
95-14 0.32   80.8 including   1.49   1.5  
95-15   outside of claims      
95-16 0.15   56.7 including   0.47   1.5  
95-17 0.19   51.8 including   0.73   3.0  
95-18 - 95-25   outside of claims      
95-26 0.23   62.4 including   0.53   9.0  
95-27 0.42   79.2 including   0.80   9.1  
95-28 0.35   47.9      
95-29 1.12   32.0 including   2.42   13.7  

Wayne Holmstead, Vice President Exploration of Western Troy, commented, "The entire width and length of the gabbro intrusive is mineralized. At least three independent diamond drill programs have confirmed that there are high grade sections within the intrusive that may be better defined by further diamond drilling."

Western Troy plans to visit the property in the spring of 2010 and examine surface outcrops as well as the large volume of core located on the property. All past drill holes will be located and a model for the mineralization will be developed. Additional drilling will be proposed on the property with the goal of defining a viable resource.

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.

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

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.

Contact Information