January 25, 2012, Toronto, Ontario - Western Troy Capital Resources (TSX Venture: WRY, US-OTC: WTCRF) (Western Troy or the Company) announced today the assay results of holes it drilled at its MacLeod Lake Copper/Molybdenum Project in November of 2011. Three holes were drilled on geophysical anomalies near the Main Zone. Two holes did not intersect significant mineralization, but Hole 228, drilled on an anomaly between the Main Zone and the South Zone intersected 2.14% copper and 21.32 g/t silver over an interval of 3 meters from 63 to 66 meters depth. This interval includes 1.0 meter of 5.93% copper and 50.6 g/t silver. These widths are believed to be close to true widths due to the sub-horizontal attitude of the mineralized zone.
The map below shows the location of Hole 228 relative to the Main and South Zones along with geophysical anomalies in the area.
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Hole 228 was drilled on Rocky Point to intersect a conductive zone south of the Main Zone. Past work in this area uncovered high grade, copper mineralized boulders with assays of 6 to 9 percent copper as well as mineralized outcrop in granodiorite and biotite gneisses. The mineralized outcrop is likely the up-plunge extension of the new Rocky Point Zone. Hole 228 is located approximately 450 meters down plunge from the mineralized outcrop and at the centre of the conductive zone that appears to represent the outline of the new Rocky Point Zone.
The Main Zone is the focus of the currently underway final feasibility study for the MacLeod Lake Project. The South Zone resource, as published in the 43-101 report for the MacLeod Lake Project in 2007, is estimated at 1.25 million tonnes (indicated) grading 0.75% Cu, 0.19% Mo, 0.57 g/t gold and 20 g/t silver. The South Zone geometry looks to be amenable to underground mining methods. Initial work to determine whether the South Zone could be included in the feasibility work resulted in the opinion of the consulting engineers that the South Zone resource would need to be larger to become economic. With this new drill intercept in Hole 228, the associated mineralized boulders and outcrop, and the configuration of geophysical anomaly, it is possible that a new zone similar in size and configuration to the South Zone could be present in the Rocky Point area. The combination of the South Zone and Rocky Point Zone could provide sufficient resources that would allow inclusion of the zones in the mineable resource at some point in the future.
Western Troy's CEO, Rex Loesby, commented, "The Main Zone at MacLeod Lake sits on a contact between two rock types. The contact shows up on surface for over 30 kilometers in the area and we have seen copper/molybdenum mineralization on surface for much of the contact. We have felt that additional exploration in the area would likely result in additions to the Main Zone resource. Hole 228 gives us encouragement that there is such potential and that the combination of the South and Rocky Point Zones could add to the life of the MacLeod Lake Mine."
All analyses were done at the Mississauga Division of AGAT Laboratories. Copper, Molybdenum, and Silver analyses were done by Aqua Regia Digest - Metals Package, ICP-OES finish (201073). Gold analyses were done by Fire Assay - Trace Au, ICP-OES finish (202052).
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. Mr. Claude P. Larouche, P. Eng. (OIQ, Quebec), has approved the technical data presented in the news release. Mr. Larouche is an independent consultant for Western Troy and acts as the Qualified Person under National Instrument NI-43-101.
Western Troy Capital Resources
Rex E. Loesby, CEO
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