(via Thenewswire.ca)
December 6, 2011, Toronto, Ontario - Western Troy Capital Resources (TSX Venture: WRY, US-OTC: WTCRF) (Western Troy or the Company) has learned that the Quebec ministere du Developpement durable, de l'Environnement et des Parcs (the "MDDEP") issued a Certificate of Authorisation for the Route 167 Extension highway development project that will provide year round road access to within 80 kilometers of Western Troy's 100% owned MacLeod Lake Copper/Molybdenum. The issuing of this Certificate of Authorization clears the way for the road's proponent, the Quebec ministere des Transports ("MTQ"), to now commence road construction activities.
Rex Loesby, Western Troy's CEO, commented, "Construction of the Route 167 extension is a critical component of the development of our MacLeod Lake Project and will allow mine construction to begin in 2013 or 2014 with first production in 2015 or 2016. Part of the mine development plan is an 80 kilometre spur road from the Route 167 extension to the mine site. Our "bankable feasibility" study is progressing well with completion expected in early second quarter 2012. A major component of that study is a 12 megawatt hydroelectric power system to be installed on the Eastmain River which will supply very low cost electric power to the mine. The power system will have an operating life that is expected to extend well beyond the mine life. The power system, along with the road system, could provide the foundation for long term, sustainable development that have the potential to provide lasting benefits for the Cree communities in the region."
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.
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.
Contact Information:
Western Troy Capital Resources
Rex E. Loesby, CEO
Tel: 416-929-3268
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