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Western Troy Capital Resources: Quebec Releases Certificate of Authorization for the Construction of the Route 167 Extension
(via Thenewswire.ca) December 6, 2011, Toronto, Ontario - Western Troy Capital Resources (TSX...
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[{"type":"text","content":"\nWestern Troy Capital Resources: Quebec Releases Certificate of Authorization for the Construction of the Route 167 Extension\n\n(via Thenewswire.ca)\n\n \nDecember 6, 2011, Toronto, Ontario - Western Troy Capital Resources\n(TSX Venture: WRY, US-OTC: WTCRF) (Western Troy or the Company) has\nlearned that the Quebec ministere du Developpement durable, de\nl'Environnement et des Parcs (the \"MDDEP\") issued a\nCertificate of Authorisation for the Route 167 Extension highway\ndevelopment project that will provide year round road access to within\n80 kilometers of Western Troy's 100% owned MacLeod Lake\nCopper/Molybdenum. The issuing of this Certificate of Authorization\nclears the way for the road's proponent, the Quebec ministere des\nTransports (\"MTQ\"), to now commence road construction\nactivities.\n\n\n \nRex Loesby, Western Troy's CEO, commented, \"Construction of the\nRoute 167 extension is a critical component of the development of our\nMacLeod Lake Project and will allow mine construction to begin in 2013\nor 2014 with first production in 2015 or 2016. Part of the mine\ndevelopment plan is an 80 kilometre spur road from the Route 167\nextension to the mine site. Our \"bankable feasibility\"\nstudy is progressing well with completion expected in early second\nquarter 2012. A major component of that study is a 12 megawatt\nhydroelectric power system to be installed on the Eastmain River which\nwill supply very low cost electric power to the mine. The power\nsystem will have an operating life that is expected to extend well\nbeyond the mine life. The power system, along with the road system,\ncould provide the foundation for long term, sustainable development\nthat have the potential to provide lasting benefits for the Cree\ncommunities in the region.\"\n\n\n \nAbout Western Troy: Western Troy's shares trade on the TSX Venture\nExchange under the symbol WRY. Western Troy has 33,589,970 shares\noutstanding. More information on Western\n\n\n \nTroy can be found on its Website at www.westerntroy.com.\n\n\n \nForward Looking Statements: Statements in this release that are\nforward-looking reflect the Company's current views and expectations\nwith respect to its performance, business, and future events. Such\nstatements are subject to various risks and assumptions, some, but not\nnecessarily all, are disclosed elsewhere in the ...