TORONTO, ONTARIO -- 08/21/07 --
Western Troy Capital Resources Inc. (TSX VENTURE: WRY) ("Western Troy") announced that it has map staked 150 claims in the Lac Viau area of the Caniapiscau Region of Quebec which is approximately 300 kilometers Northeast of Chibougamau. The property comprises about 85 sq. km. of prospective ground and has been named the "Holmstead" prospect by Western Troy.
The claims were staked in an area where anomalous values in molybdenum, zinc, rare earths and niobium were detected in the lake sediments by a Quebec Government lake sediment survey conducted in 2006 (see below). Six anomalous values in molybdenum ranged from 23 to 87 parts per million, where background values are approximately 3.5 parts per million or less. The anomalous values are concentrated in the vicinity of a contact between intrusive and gneissic rocks which appears to be geologically similar to Western Troy's MacLeod Lake Property that hosts a drill-defined molybdenum/copper resource.
Exploration crews are presently on site and are conducting a program of soil sampling and prospecting. The purpose of the survey is to try to locate the mineralized source of the anomalous lake sediments in the area. Results of this exploration program are expected in September.
The Quebec Government lake sediment survey was conducted to promote exploration in the area and outline areas of high potential for hosting mineral deposits (Gold in lake sediments in the Caniapiscau area, Cote-Nord Region by Marc Beaumier, 2006). The author of the report considered anomalous values as anything above the 85th percentile. In the case of molybdenum, the 85th percentile was 4 ppm so anything above this value was considered anomalous. The anomalous values are not conclusive evidence of the likelihood of the occurrence of a mineral deposit. The claims were map staked and registered on May 25, 2007 in the name of Western Troy (100% owner) at a cost of $17,500 and are valid for a period of 2 years from the staking date. Assessment work will be required to keep the claims valid after the two year period.
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. In October of 2005, 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 Western Troy's website, www.WesternTroy.com. Western Troy has also entered into an Exploration and Development agreement with Aurum Exploration Inc. of Panama, to earn up to 70 percent of Aurum's interest in the Viento Frio Mineral Exploration Concessions, District of Santa Isabel, Colon Province, Panama. The Viento Frio Concessions consist of 10,363 hectares (104 square kilometers) of land that is prospective for gold and base metal mineral deposits. The shares of Western Troy trade on the TSX Venture Exchange under the symbol WRY, with 19,129,872 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.
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
Rex E. Loesby, P. E.
President
(416) 929-3268
Email: RexLoesby@aol.com
Website: www.westerntroy.com
