VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2012) - West Melville Metals Inc. (TSX VENTURE:WMM) ("West Melville" or the "Company") today announced that surveys at the Isortoq iron-titanium-vanadium project in southwest Greenland have identified a second mineralized troctolite dyke adjacent and parallel to the main body. The Company also announced that it has acquired an additional exploration licence strategically located to cover the interpreted strike extension of the Isortoq dykes.
"This is an exciting development in the evolution of the Isortoq Project," stated Dr. Rory Moore, President and CEO of West Melville Metals. "The identification of a parallel mineralized body significantly increases the tonnage potential at the Isortoq Project. In addition, we are pleased to have been granted the additional Exploration Licence by the Bureau of Minerals and Petroleum, Greenland (BMP). This land is strategically located immediately adjacent to and on strike with the mineralized bodies."
Program Highlights:
- Parallel mineralized body identified
- Geophysics implies significant potential to increase tonnage
- Strike length of Isortoq trend expanded to 16.3 kilometres
- 134 line kilometres of ground geophysics
- 109 square kilometres of additional exploration license granted
A total of 134 line kilometres of ground magnetic surveys were conducted over 11.5 kilometres of strike length along portions of the mineralized trend at Isortoq Main. Line spacing was set at 100 metres over the length of the survey and in-fill 50 metre spacing was completed over the area of delineation drilling (see News Release WMM12-04 dated August 13, 2012).
The mineralized troctolite (host rock containing the Fe, Ti and V mineralization) can now be traced over a strike length of 16.3 kilometres using interpretive geophysics and obvious surficial structural features combined with current and historic core drilling confirmations. Ground magnetic surveys suggest that mineralization occurs in at least two distinct and separate, parallel bodies approximately 900 metres apart. Previous airborne geophysical coverage over only a fraction of the area interpreted the troctolite to be one single body with a short fault off-set. To view images of the geophysical survey results please visit the Company's website at http://www.westmelville.com/projects/isortoq-project/technical/.
The 2012 ground geophysical surveys concluded the potential for multiple, parallel or en-echelon mineralized bodies and that the strike lengths could be significantly greater than previously anticipated. Geoscientific data collected in 2012 now leads the Company to believe there is the potential to expand the previous size estimates of Isortoq. The Company immediately applied to the BMP for an exploration license covering 109 km2 of "on trend", yet unexplored ground. The exploration license has now been granted.
Isortoq Project
The 41,900 hectare Isortoq Project is a large iron-titanium-vanadium prospect in southern Greenland. Previous drilling has confirmed a potential strike length of 15 kilometres with the mineralized body being open in both directions. The property is favourably located on a deep, ice-free ocean inlet on the temperate southern coast of Greenland within 60 km of Narsaq and 100 kilometres from Narsarsuaq International Airport. The mineralization at Isortoq is similar to the Mapochs deposit in South Africa, which has been successfully exploited for a number of decades by Evraz Highveld Steel and Vanadium and its predecessors. Bench scale beneficiation tests completed by the project vendor on Isortoq core samples gave average concentrate grades of 62.6% FeO; 19.1% TiO2 and 0.32% V2O5 with acceptably low levels of penalty elements S, P, Si, Al. These are positive indicators that support the future economic potential of the project. West Melville is in the process of purchasing a 100% interest in the project from Hunter Minerals Pty Ltd of Australia.
QA/QC
Disclosure of a scientific or technical nature contained in this release has been reviewed and approved by Bruce Counts, P.Geoph. (Director of West Melville) who is the Qualified Person for the purposes of National Instrument 43-101.
About West Melville Metals Inc.
West Melville is an iron ore and specialty metals exploration company working to advance the Fraser Bay iron ore project in Nunavut and the Isortoq iron-titanium-vanadium project in Greenland. The Company has assembled an experienced management team with a track record of discovery success and a Board of Directors with expertise covering the essential fields of geology, engineering and finance. West Melville's projects offer a combination of low geological risk with significant upside potential in high demand commodity sectors.
On behalf of the Board of Directors
Rory O. Moore, Ph.D., President and CEO
West Melville Metals Inc.
West Melville Metals Inc. is a member of the Aurora Mineral Resource Group of companies. For more information please visit www.auroraresource.com.
Certain disclosures in this release, in particular the tonnage potential of the Isortoq Project, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to West Melville's operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. Other than as required by applicable securities legislation, West Melville expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.
Neither the 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.
Contact Information:
Investor Relations
604.646.4527 or Toll Free at 1.888.331.2269
info@westmelville.com
www.westmelville.com