Western Troy Joins James Bay Joint Action Mining Committee, Quebec Ministry of Natural Resources Funds Access Road Study.TORONTO -- Western Troy Capital Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:WRY) announced today that it has joined the James Bay James Bay, shallow southern arm of Hudson Bay, c.300 mi (480 km) long and 140 mi (230 km) wide, E central Canada, in Nunavut Territory between Ont. and Que. Numerous rivers flow into the bay; many of these have been developed for hydroelectric power in Quebec (see Joint Action Mining Committee ("TJCM" or Table Jamesienne de Concertation Miniere). The TJCM is a joint industry/university/government committee dedicated to promoting sustainable mineral development in Northern Quebec and is the official spokesperson for the James Bay Territory regional government on all mining-related issues. Members of the committee include Majescor Resources, Ashton Mining, SOQUEM, Eastmain Resources, Western Troy, the Cree Mineral Exploration Board, local labor unions labor union: see union, labor. , and Chibougamau region elected officials. Currently, the primary focus of the TJCM is to work with industry members and all levels of government to assist in the development of the Lac Albanal Road (also known as the Otish Mountains Multi-Resource Access Road). In an effort to advance the project, the TJCM, in partnership with the Quebec Ministry of Natural Resources has initiated a geologic study of the proposed road corridor. Results from this study will form the basis of a more comprehensive geotechnical study aimed at establishing the best path for the road. Should such a road be built, it would provide critical year-round access near Western Troy's MacLeod Lake molybdenum/copper project. Under current proposals the road would be built as a Class 2 road. A Class 2 road would be adequate for the movement of heavy trucks. Anecdotal opinions as to the cost of such a road are in the range of less than $500,000 per kilometer. There is an existing paved pave tr.v. paved, pav·ing, paves 1. To cover with a pavement. 2. To cover uniformly, as if with pavement. 3. To be or compose the pavement of. road from Chibougamau north to Mistissini (approximately 90 kilometers). The road continues north as a gravel road A gravel road is a type of unpaved road surfaced with gravel that has been brought to the site from a quarry or stream bed. They are common in less-developed nations, and also in the rural areas of developed nations such as Canada and the United States. approximately 100 kilometers to Tamiscamie. There is currently a winter road that continues on north from Tamiscamie to the former Eastmain Mine (approximately 130 kilometers). It is very likely the new road would follow within a few kilometers of the corridor of this winter road. The MacLeod Lake Project site is approximately 40 kilometers west of the Eastmain Mine. There is rail service at Chibougamau. About Western Troy: Western Troy Capital Resources Inc. is a mineral exploration company. Its 100%-owned MacLeod Lake Property hosts a well defined Main Zone of mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. as outlined by extensive drilling, as well as the South Zone and several IP anomalies of potential interest. The shares of Western Troy trade on the TSX-Venture exchange under the symbol WRY, with 10,096,952 shares outstanding. Last October, Western Troy received an independent Technical Report consistent with National Instrument 43-101 on its MacLeod Lake Property located about 275 km north of Chibougamau, Quebec Chibougamau is a town in central Quebec, Canada, located on Lake Gilman. . The report has been filed on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review and is available at www.SEDAR.com and on the company's website, www.WesternTroy.com. Statements in this release that are forward-looking reflect Western Troy'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 information currently available; however actual results and events may vary significantly. The Company does not assume the obligation to update any forward-looking statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for accuracy or adequacy of this release. Western Troy Capital Resources Inc. (TSX VENTURE:WRY) |
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