Western Troy to Drill New Targets at MacLeod Lake, Bankable Feasibility on Schedule for Release in Early 2012

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[{"type":"text","content":"\nWestern Troy to Drill New Targets at MacLeod Lake, Bankable Feasibility on Schedule for Release in Early 2012\n\n(via Thenewswire.ca)\n\n \nOctober 24, 2011, Toronto, Ontario - Western Troy Capital Resources (TSX Venture: WRY) (Western Troy or the Company) announced today that it will begin a drilling program in November on its MacLeod Lake Copper/Molybdenum Project in Quebec. The program will test new drill targets identified in a recent interpretation of geophysics data, provide bulk sample core for a pilot plant test at Xstrata Process Services, and provide geotechnical data for design work on the hydroelectric power system near the project site.\n\n\n \nNew Targets: Western Troy performed an airborne geophysical survey over the MacLeod Lake Project area a number of years ago. Since that time, there have been advances in the interpretation of existing geophysics data that allows more accurate identification of potential mineralized areas. The map below shows the findings of this work. Electromagnetic anomalies (conductors) are identified by the yellow to pink colors, pink being the strongest anomalies. The map shows there may be additional conductors near surface that may indicate additional resources northwest, southeast, and southwest of the main zone. Western Troy plans to test these targets in November with a program of up to 6 core holes.\n\n\n \nTo view map image, copy URL below into new browser window.\n\n\n \nhttp://thenewswire.ca/client_files/2011-10-24-0.pdf\n\n\n \nBankable Feasibility Study: Work is progressing on schedule on the bankable feasibility study for a mining operation at MacLeod Lake. Western Troy retained the engineering and construction company, GENIVAR, of Quebec to generate the study. The study includes open pit design, mine and mill operating cost estimates, mine, mill, and infrastructure capital cost estimates, and a pilot plant test. Infrastructure will include a 70 kilometer spur road from the Otish Mountain Road, a 10 megawatt hydroelectric plant on the Eastmain River, a surface water management system at the mine site, a mine office, maintenance shops, kitchen, and living quarters. A Preliminary Evaluation (Scoping Study) was completed in 2008 by Roscoe Postle Associates of Toronto. That study indicated strong economics for the project. Although early work on the bankable feasibility indicat...

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