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Li3 Lithium Corp.
Li3 Lithium Corp.
Registriert in: Kanada WKN: A3DQR9 Rohstoffe:
Art: Originalaktie ISIN: CA5368771039 Lithium
Heimatbörse: TSX Venture Alternativ: WTCRF
Währung: CAD    
Symbol: LILI.V Forum:

Western Troy Drills 3.3 Metres of 2.4% Copper at Lake Chibougamau

23.06.2011 | 16:30 Uhr | Marketwired

TORONTO, ONTARIO -- (Marketwire) -- 06/23/11 -- Western Troy Capital Resources Inc. (TSX VENTURE: WRY) (Western Troy or the Company) is pleased to announce results of a 792-metre hole drilled under the waters of Lake Chibougamau in April 2011. The hole was located to intersect a large geophysical anomaly and intersect the down-dip extension of copper, gold and molybdenum mineralization drilled in the 1980s by Flanagan McAdam.

The hole intersected the mineralized zone from 579 metres to 619.6 metres (vertical depth approximately 420 metres). Significant intersections within this zone are:

From(m) To(m) Width(m) Grade
------ ----- -------- -----
579 582.3 3.3 2.4 % copper
591.8 593.8 2.0 1.3 g/t gold
617.8 619.6 1.8 0.9 % copper

The hole was drilled at a 45-degree angle from a small island. Widths shown are not necessarily true widths. In the present hole and in past holes on the zone, molybdenum mineralization has been observed and the overall mineralization is considered to be of the porphyry type, common in the Chibougamau region.

Wayne Holmstead, Western Troy's VP of Exploration commented, 'This is the deepest the zone has been drilled to date and proves that the mineralization continues to depth with significant grades and is open in all directions. The prospects of discovering additional zones of mineralization in the vicinity are excellent.'

The property is located in the prolific Chibougamau mining camp, approximately 4 kilometres east of the Devlin deposit and 3 kilometres northwest of the Corner Bay copper/gold deposits. The property is road and power accessible and is located approximately 20 kilometres south of town of Chibougamau where all services exist including the Copper Rand Milling facility. Western Troy plans a full drill program on the property in the winter of 2012.

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.

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.

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.


Western Troy Capital Resources

Rex E. Loesby



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