Western Troy to Begin Molybdenum-Gold-Copper Exploration

  • Tuesday, February 23, 2010
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  • Keywords:Molybdenum, Western Troy Capital Resources Inc
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Western Troy Capital Resources Inc., today announced it will soon begin an exploration program on its Fabiola Molybdenum/Gold/Copper Prospect near Rouyn-Noranda, Quebec. The program will consist of surface geophysics and mapping to determine drill targets, such drilling to follow in the spring of 2010. Western Troy also announced that it had cut short its drilling program at Galloway based on the lack of favorable results from the initial three holes drilled. Western Troy plans no further work on the Galloway Prospect.
 
The Fabiola Property: The Fabiola property consists of 4 claims in Poularies Township about 50 km north of Rouyn-Noranda, Quebec. Anomalous molybdenum values in stream samples prompted the Quebec Ministry of Natural Resources to investigate the property with soil sampling, magnetometer survey, electromagnetic survey, limited induced polarization survey, geological mapping, and diamond drilling in the early 1980's. (GM39849, Quebec Assessment files). The work program discovered molybdenum, gold and copper mineralization associated with a tonalitic intrusion. All of the 22 drill holes intersected molybdenite mineralization associated with quartz stockworks. Of particular interest was a zone that was traced for approximately 250 meters by diamond drilling. The mineralized zone was open at both ends and to depth. Nine grab samples with gold values in the 0.3-0.4 g/t gold were also collected on the property.
 
Western Troy is planning a work program that will consist of a gradient array induced polarization survey to map areas on the property with elevated sulphide mineralization. Past work on the property has indicated that the molybdenum mineralization is associated with sulphide minerals such as chalcopyrite and pyrite. The induced polarization survey will be used to plan a diamond drilling program that will take place in the spring of 2010.
 
Galloway Prospect: Three holes were drilled along the contact at an approximate spacing of 100 meters. All three holes intersected the intrusive contact at approximately 80-100 meters depth. Minor pyrite, pyrrhotite and magnetite mineralization was encountered in the holes however nothing of economic significance was intersected. Due to the unfavorable results the drilling contract was terminated after three holes and no samples were taken for assay.
 
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