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Western Troy Stakes Claims on Gold Prospects in Nunavut and Quebec, Niobium/Rare Earths in Quebec
(via Thenewswire.ca) September 16, 2013, Toronto, Ontario - Western Troy Capital Resourc...
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[{"type":"text","content":"Western Troy Stakes Claims on Gold Prospects in Nunavut and Quebec, Niobium/Rare Earths in Quebec(via Thenewswire.ca)\n\n \nSeptember 16, 2013, Toronto, Ontario - Western Troy Capital Resources (TSX Venture: WRY, US-OTC: WTCRF) (Western Troy or the Company) announced today that over the summer, it has made application for site staked claims on two gold prospects in Nunavut. It has map-staked claims on a gold prospect in the Rouyn-Noranda (Abitibi) region of Quebec, and has map-staked claims on a Niobium/Rare Earths prospect in Southern Quebec. \n\n \n \nWestern Troy's CEO, Rex Loesby, commented, \"These are challenging times in the mineral exploration industry. Western Troy is responding by conserving cash and seeking opportunities that will place us in a very strong position when the industry rebounds. High quality prospects are coming open as weaker companies let them go. The prospects described below are examples of these opportunities. Along with our Gaspe Vanadium, Northshore Titanium/Iron, Nicobi Nickel, Chibougamau Copper, and MacLeod Lake Copper/Molybdenum Prospects, these claims are owned 100 percent by Western Troy and maintenance costs are minimal. Western Troy is also seeking business combinations that will benefit our shareholders.\" \n\n \n \n \n\n\nClick Image To View Full Size\n\n\n\nGold in Nunavut: Western Troy has made application to acquire 2 prospects by on-site staking in the Meliadine gold trend located near Rankin Inlet, Nunavut (see Figure 1). The Fox and Wolf Prospects are located 70 kilometres northwest of Rankin Inlet in a 35 kilometre northeast trending belt of amphibolite and meta-sediments, in which a gold bearing exhalite/banded iron formation occurs. The geologic environment of the properties is similar to that of Agnico Eagle's Meliadine gold property, located 45 kilometres to the southeast, and Agnico Eagle's Meadowbank gold property, located 250 kilometres to the northwest.\n\n\n\n \n \nFigure 1: Nunavut Gold Prospects Location Map\n\n \n \nPrevious work on the Fox claim (File 084549, Nunavut Assessment Files) has identified gold mineralization over a five kilometre strike length that is open in both directions. Work to date has defined gold mineralization in multiple bands that vary in width, from less than two metres and up to five meters, where fold thickening has occurred. A total of 76 gr...