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Western Troy Stakes Claims on Rare Earths Prospect in Strange Lake Area of Quebec, Grants Options |
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TORONTO, ONTARIO - (MetalsNews, December 30 2009) - Western Troy Capital Resources Inc. (TSX VENTURE: WRY) is pleased to announce that it has made application for 44 claims in the Strange Lake area. Earlier this year, Western Troy staked 11 claims on high zirconium values in stream sediment samples taken by the Quebec Government Further research by Western Troy revealed that the area was on the margin of a circular magnetic structure similar to the area of Quest Uranium’s Strange lake deposit. The new claims are located about 90 km southeast of the Strange Lake deposit. Both the Strange Lake deposit and the Western Troy claims are located on the same geological unit, the Mistastin Batholith. This granitic intrusive is composed of granite, quartz monzonite and syenite. The Strange Lake deposit has been noted to occur in alkali phases of the Mistastin Batholith. The exact geology of the Western Troy claims is not known at this time past the fact that the claims cover an area that has been mapped as quartz monzonite of the Mistastin Batholith. The circular magnetic structures that coincide with the intrusive contacts of the Mistastin Batholith can be seen to be cutting northwesterly trending geological units. On the east side of the larger circle in Figure 1, the geological units seem to be only partially digested by the intrusive rocks whereas on the west side where the Western Troy claims are located, the geological units seem to have been fully digested by the intrusion. The claims cover highly anomalous stream sediment samples, some of which are the highest reported in the Province of Quebec Government Database: Metal Value Range (ppm) Values in Quebec Gov’t Database Zirconium 12 to 3,000 3,000 ppm is the highest value Thorium 5 to 268 268 ppm is the highest value Niobium 5 to 83 83 ppm is the highest value Cerium 26 to 765 10 samples are higher Lanthanum 12 to 291 81 samples are higher Molybdenum 3 to 54 84 samples are higher Sm 1 to 41 111 samples are higher Europium 0.3 to 5.3 192 samples are higher Phosphorus 381 to 3608 208 samples are higher Lithium 1 to 42 638 samples are higher Yttrium 5 to 64 868 samples are higher The provincial database is an online search engine maintained by the Province of Quebec. It contains records of all samples taken during Quebec and Federal Government funded Geochemical Surveys. There have been in excess of 216,000 stream sediment samples taken in Quebec by the Quebec Government over the years. All of the elements in the above table have been found to be components or indicator elements of the Strange Lake deposit. Wayne Holmstead, vice president exploration of Western Troy commented that the claims cover the highest values of zirconium, thorium and niobium in stream sediment samples in the Province of Quebec including samples taken in the vicinity of the Strange Lake deposit. The high geochemical values combined with the favourable geology and geophysical signature; indicate that the claims staked by Western Troy have the potential to host mineralization of the type found at Quest’s Strange Lake deposit. Rare earth elements are widely used in the fields of electronics, aviation, atomic energy, and manufacturing. They are essential elements to many of the new emerging green technologies such as hybrid and electric vehicles and wind power generation. The United States and Canada rely on Rare Earth Elements for national security and defense systems. Currently, China is the world’s primary source for rare earth elements. Western Troy has granted 400,000 options to its directors and management. These options have been granted pursuant to Western Troy’s Stock Option Plan. They will have a term of five years and are exercisable at a price of 40 cents per share. About Western Troy: Western Troy Capital Resources Inc. is a mineral exploration company. Its 100% owned MacLeod Lake Project, located about 275 km north of Chibougamau, Quebec, hosts a well defined Main Zone of mineralization as outlined by extensive drilling. In addition, a South Zone resource and several IP anomalies of potential interest have been identified. In April of 2008, Western Troy received an independent Preliminary Assessment (Scoping Study) consistent with National Instrument 43-101 on its MacLeod Lake Property. The report has been filed on SEDAR and is available at www.SEDAR.com and on Western Troy’s website, www.WesternTroy.com. Western Troy also has a number of early stage molybdenum, copper, gold, rare earths, uranium, platinum, and other minerals exploration properties in Quebec. The shares of Western Troy trade on the TSX Venture Exchange under the symbol WRY, with 23,284,970 shares outstanding.
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