Western Troy Announces New Resource Estimate for MacLeod Lake and Withdrawal Fro
Main Zone Main Zone South Zone Contained Indicated Inferred Indicated Pounds/Oz. --------- --------- ---------- ------------Tonnes (mm) 24.4 3.8 1.47Molybdenum 0.076% 0.036% 0.18% 50 MillionCopper 0.53% 0.29% 0.72% 333 MillionGold 0.05 g/t 0.03 g/t 0.54 g/t 68,000Silver 4.0 g/t 3.0 g/t 19 g/t 4.4 Million
Western Troy now has sufficient data to proceed with a meaningfulPreliminary Assessment (Scoping Study) of a proposed miningoperation at MacLeod Lake. Scott Wilson Roscoe Postle, Inc.,a well known and respected mining consulting firm in Toronto,has been commissioned to prepare the Scoping Study. Theresults are scheduled for release in early March of 2008.An updated 43-101 report will be prepared within 45 daysof this release.
Macleod Lake Quality Control
Western Troy has a quality control program in place to ensurebest practices in sampling and analysis of drill core. Samplesof drill core are sent to the ALS Chemex preparation laboratoryin Val d'Or, Quebec for sample prep and analysis for goldfollowing which a pulp sample is sent to the ALS ChemexNorth Vancouver lab for ore grade analysis for silver, copperand molybdenum. ALS Chemex is an ISO 9001: 2000 registeredlaboratory with the North Vancouver lab accredited by theStandards Council of Canada to ISO 17025 levels. Companyquality control procedures include the analysis of its ownblanks, and duplicates, introduced among the batches ofsamples, in addition to those used by the laboratory forits routine testing. Samples are crushed to greater than70% passing 10 mesh, and pulverized to greater than 85%passing 200 mesh. A fraction of the pulps is analyzed forgold by fire assay and AAS. Another fraction of the pulpsis digested in aqua regia acid and ore grade silver, copperand molybdenum values are determined by AAS.
The geologic evaluations, resource estimates, and opinionspresented in this release regarding the MacLeod Lake Projectare those of Stewart Winter of Winterbourne ExplorationsLtd., Sudbury, Ontario. Mr. Winter is an independent "qualifiedperson" within the meaning of National Instrument 43-101.Mr. Winter supervised the preparation of the data presentedhere and has reviewed and approved the content of this pressrelease.
Panama
Western Troy management has decided to withdraw from participationin the exploration of the Viento Frio prospect in Panama.Western Troy's President, Rex Loesby, commented, "Our explorationefforts in Quebec are rewarded with tax rebates from theProvince equal to approximately 48 percent of our spending.So our exploration dollars are greatly extended in Quebec.With the addition of our Holmstead Project announced inAugust of this year, we needed to let one of our early stageexploration projects go. Because we do not receive rebateson Viento Frio exploration spending, we decided to withdrawfrom the Panama prospect."
About Western Troy
Western Troy Capital Resources Inc. is a mineral explorationcompany. It's 100%-owned MacLeod Lake Property hosts a welldefined Main Zone of mineralization as outlined by extensivedrilling, as well as the South Zone and several IP anomaliesof potential interest. In October of 2005, Western Troyreceived an independent Technical Report consistent withNational Instrument 43-101 on its MacLeod Lake Propertylocated about 275 km north of Chibougamau, Quebec. The reporthas been filed on SEDAR and is available at and on Western Troy's website, .Western Troy has also entered into an Exploration and Developmentagreement with Aurum Exploration Inc. of Panama, to earnup to 70 percent of Aurum's interest in the Viento FrioMineral Exploration Concession, District of Santa Isabel,Colon Province, Panama. The Viento Frio Concession consistsof 10,363 hectares (104 square kilometers) of land thatis prospective for gold and base metal mineral deposits.The property was explored by Minera Rayrock between 1999and 2001. Rayrock collected 1,918 soil samples and drilled24 shallow holes totaling 1710 meters. High silver valuesin the core and anomalous gold, silver, copper, lead, andzinc values in rock chip and soil samples over a large areaindicate the Concession is prospective for a large low-sulfidationepithermal system as well as additional gold/silver deposits.The shares of Western Troy trade on the TSX Venture Exchangeunder the symbol WRY, with 19,550,970 shares outstanding.
Statements in this release that are forward-looking reflectWestern Troy's current views and expectations with respectto its performance, business, and future events. Such statementsare subject to various risks and assumptions, some, butnot necessarily all, are disclosed elsewhere in the Company'speriodic filings with Canadian securities regulators. Suchstatements and information contained herein represent management'sbest judgment as of the date hereof based on informationcurrently available; however actual results and events mayvary significantly. The Company does not assume the obligationto update any forward-looking statement.
The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the accuracy or adequacy of this release.
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