Western Troy controls 100% of the MacLeod Lake Molybdenum-Copper project in Quebec, Canada. The project is located approximately 275 kilometers north of Chibougamau, Quebec.
A 43-101 report on MacLeod Lake was prepared in the fall of 2005. Updates to the report were prepared in late 2006 and 2007. The report and updates are available on SEDAR and on Western Troy’s website.
A scoping study (preliminary assessment) was initiated in the fall of 2007 and is expected to be completed in March of 2008. The study is being prepared by Scott Wilson Roscoe Postle Associates, Inc. of Toronto, Ontario.
Resources have been defined at two locations along a 15 kilometer contact between two geologic units. Most of the remainder of the contact is prospective for the discovery of additional resources.
The Main Zone resource outcrops on surface and has drill fences on 100 meter centres.
Access to the project area is currently limited to aircraft and snowmobile. A winter road exists from Temiscamie to the Eastmain Mine. Studies are currently under way to improve this road to an all weather road. Construction is expected to begin in 2009 or 2010. The Town of Chibougamau, the Cree Nation, and mineral exploration and lumber companies in the region are working to obtain Provincial funding for the project. Western Troy plans a 75 kilometer spur from the new road to the MacLeod Lake Project area. For mine development and operations, electric power will be provided by wind generators, hydroelectric generators on the Eastmain River, or diesel generators.
Feasibility studies could be completed by the end of 2009 and if results are favourable, mine construction could begin in 2010 leading to first production late that year or early in 2011.
