Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
Cours Or & Argent en
Western Troy Completes Drilling Under Lake Chibougamau, Stakes Claims on Nickel Property, and Updates NI 43-101 Report on MacLeod Lake Project
Published : May 16, 2011
( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
Mots clés associés :   Cobalt | Copper | Nickel | Palladium |

TORONTO, ONTARIO--(Marketwire - May 16, 2011) - Western Troy Capital Resources (News - Market indicators) (Western Troy or the Company) completed a diamond drill hole near Chibougamau to test a geophysical anomaly; staked 5 claims (one approved and four pending) on a nickel prospect near Chapais, and completed an updated NI 43-101 report on the MacLeod Lake Copper/Molybdenum Project. All projects are located within the Province of Quebec.

Lake Chibougamau Copper: A 792 meter hole was drilled under Lake Chibougamau to test a copper-gold prospect. The hole was planned to intersect the depth extension of the mineralization previously identified by Rio Tinto in 1974. The Western Troy drill hole was successful and intersected a zone of porphyry-type mineralization from 580 to 620 meters (a vertical depth of about 400 meters). This is the deepest point the mineralization in the area has been tested to date. The mineralization consists of sulphide-rich (pyrite and chalcopyrite) quartz veins and veinlets located at the contact between tonalites and gabbros of the Chibougamau pluton and Lac Dore Complex. The zone appears to be near vertical. Molybdenite was observed in both past drilling and the present drill hole. The figure below shows the results of past drilling:

To view the figure associated with this press release, please visit the following link: http://media3.marketwire.com/docs/wry516Fig1.pdf

One 2.5 foot interval from the 1974 drilling analyzed 0.12 oz/ton gold, 0.37 oz/ton silver, 10.65% copper and 0.01% molybdenum. The Western Troy hole has been logged and samples have been split. The samples have been crushed and prepared in Chibougamau and sent to Accurassay Laboratories in Thunder Bay for analysis. Assay results will be released as soon as they are available. Additional Claims were staked to cover interesting geophysical anomalies that may host similar mineralization. 

Nicobi Lake Prospect: Western Troy recently staked the Nicobi Lake Copper/Nickel Prospect. This property is located approximately halfway between Val d'Or and Chibougamau and is road accessible. Noranda worked this prospect in the 1960's. After drilling 20 evenly spaced vertical holes, a geologic resource estimate was done by Noranda geologists. They estimated the resource to be 1.8 million tons grading 0.47% Ni and 0.25% Cu (a qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon). More recently the property was drilled by Minorca Resources in 1990-91. Significant results were 37.61m of 0.75% copper (Cu), 0.89% nickel (Ni) including 0.82m of 1.08g/t palladium and 1.05 g/t platinum in hole 90-1. Hole 91-2 intersected 36.88m of 0.29% Cu, 0.84% Ni and 0.03% cobalt (Co) including 4.70m of 0.73% Cu, 3.94% Ni and 0.09% Co. Hole 91-6 intersected 31.66m of 0.35% Cu, 0.73% Ni and 0.02% Co and Hole 91-7 intersected 63.08m of 0.21% Cu, 0.42% Ni and 0.01% Co. The property will be visited and evaluated this spring as soon as the snow is off the ground. Surface exploration work will include geophysic surveying followed by diamond drilling.

MacLeod Lake Copper/Molybdenum Project: There have been a number of developments over the past month that have led to a turning point on MacLeod Lake Project. First, Quebec has announced its "Plan Nord" for development of Northern Quebec. The first phase of Plan Nord includes full funding for the Otish Mountain Road which will pass within 70 kilometers of the MacLeod Lake Project. Second, Western Troy has determined that the best option for electric power is an hydroelectric run of river power system to be developed on the Eastmain River. While this will add about $55 million to the capital costs as estimated in the 2008 Scoping Study for MacLeod Lake, operating costs should be substantially reduced. An additional benefit of the hydroelectric system is that it will have a service life well in excess of the mine life, thus providing infrastructure for sustainable development in the region. A pilot plant metallurgical test is planned for this summer with completion of the feasibility study expected in early 2012.

Rex Loesby, Western Troy's CEO, commented, "Quebec is already a great place for mineral exploration. The Plan Nord makes it even better. The economic benefit projections in Plan Nord are $80 billion over 25 years and the MacLeod Lake Project is an important contributor to the economic benefits of the plan. The government of Quebec and the regulatory agencies involved will be looking to assure the mine gets developed. With the road construction scheduled to begin this year and our decision to use run of river power for the mine, all of the pieces are in place to allow completion of the bankable feasibility study."

Western Troy also completed an updated 43-101 report on MacLeod Lake. The full report will be posted on SEDAR as well as on Western Troy's Website (www.westerntroy.com).

About Western Troy: Western Troy's shares trade on the TSX Venture Exchange under the symbol WRY. Western Troy has 33,589,970 shares outstanding. More information on Western Troy can be found on its Website at www.westerntroy.com

Forward Looking Statements: Statements in this release that are forward-looking reflect the Company'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 the information currently available; however actual results and events may vary significantly. The Company does not assume the obligation to update any forward-looking statement.

Claude P. Larouche, P. Eng. (OIQ, Quebec), has approved the technical data presented in the news release. Mr. Larouche is an independent consultant for Western Troy and acts as the Qualified Person under National Instrument NI-43-101.

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.

Western Troy Capital Resources
Rex E. Loesby

Western Troy Capital Resources Inc.

ISIN : CA9599071060
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
de Marché
Projets & res.
de Presse
Profile actifs
Contactez la cie

Western Troy Capital est une société d’exploration minière d'argent et d'or basée au Canada.

Western Troy Capital détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont MCLEOD LAKE et SCHEFFERVILLE GOLD au Canada.

Western Troy Capital est cotée au Canada. Sa capitalisation boursière aujourd'hui est 6,4 millions CA$ (5,1 millions US$, 4,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 27 avril 2007 à 2,15 CA$, et son plus bas niveau récent le 08 janvier 2019 à 0,01 CA$.

Western Troy Capital possède 33 589 970 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
Attributions d'options de Western Troy Capital Resources Inc.
15/04/2011Grants Options
Projets de Western Troy Capital Resources Inc.
09/04/2013Rick Rule on Gold and Resource Stocks
Communiqués de Presse de Western Troy Capital Resources Inc.
18/11/2014Western Troy Provides Update
31/07/2014Western Troy Receives $117,000 in Quebec Tax Refunds, Provid...
29/05/2014Western Troy Holds Annual General Meeting of Shareholders
28/04/2014Western Troy Provides Corporate Update and Announces Possibl...
02/12/2013Season's Greetings From Western Troy
31/08/2012Files Notic of Action Against GENIVAR - Press Release
25/01/2012MacLeod Lake Assays
23/06/2011Drills 3.3 Metres of 2.4% Copper at Lake Chibougamau
10/06/2011Receives Assay Results at Deborah Lake, Partner Match Capita...
16/05/2011Completes Drilling Under Lake Chibougamau, Stakes Claims on ...
09/05/2011Quebec Premier Charest Announces "Plan Nord"
18/03/2011Quebec Budget Includes Full Funding of Otish Mountain Road, ...
02/03/2011to Drill at Deborah Lake
Publication de commentaires terminée
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
CA$ 0,190
06/09 10:30 -
Cours préc. Ouverture
0,190 0,190
Bas haut
0,190 0,190
Année b/h Var. YTD
0,050 -  0,225 31,03%
52 sem. b/h var. 52 sem.
0,050 -  0,225 90,00%
Volume var. 1 mois
0 -%
24hGold TrendPower© : 31
Recherche Copper - Gold - Molybdenum - Silver
Interactive chart Add to compare
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
Variation annuelle
Graphique 5 ans
Graphique 3 mois
Graphique volume 3 mois
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
announces expected non-cash impairment
7,15 AU$-3,77%Trend Power :
Oceana Gold(Au)OGC.AX
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
5,77 US$-2,86%Trend Power :
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
Reduced Funding Requirement
0,80 GBX-3,75%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,08 CA$-11,11%Trend Power :
Closes Bridge Loan Financing
2,05 CA$+3,02%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
8,55 CA$+1,18%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,18 CA$+2,86%Trend Power :
Q A April 2017 Quarterly Report
0,30 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,50 CA$+2,46%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
68,46 US$+0,26%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
2nd Quarter Report
0,03 AU$+0,00%Trend Power :