VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2013) - West Melville Metals Inc. (TSX VENTURE:WMM) ("West Melville" or the "Company") today announced the completion and filing of the National Instrument 43-101 Technical Report for the Isortoq Iron-Titanium-Vanadium Project located in southern Greenland. The report describes an initial global Inferred Mineral Resource Estimate for the Isortoq Project of 70.3 million tonnes grading 29.6% total iron (Fe), 10.9% titanium oxide (TiO2) and 0.144% vanadium pentoxide (V2O5) applying a 15% iron cutoff.
The Independent Technical Report was prepared by APEX Geoscience Ltd., following the guidelines of the Canadian Securities Administrators National Instrument 43-101 and Form 43-101F1.
The report titled "NI43-101 Technical Report on the Initial Resource Estimate for the Isortoq Fe-Ti-V Project, Qaqortoq District, South Greenland" is filed on SEDAR and can be viewed on the SEDAR website (www.sedar.com) and on West Melville's website at http://www.westmelville.com/projects/isortoq-project/technical/.
The information in this release related to the independent Technical Report and the Mineral Resource estimate has been approved by Andrew Turner, P.Geol. and Steven Nicholls, MAIG, of APEX Geoscience Ltd. Andrew Turner, P.Geol., is an independent Qualified Person as defined by National Instrument 43-101.
The 41,900 hectare Isortoq Project is a large iron-titanium-vanadium prospect in southern Greenland. Previous drilling combined with geophysical results to date has confirmed a potential strike length of at least 16.3 kilometres with the mineralized body being open to the south. 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 km 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 Ltd. and its predecessors. Bench scale beneficiation tests completed by the project vendor on previous Isortoq core samples gave average concentrate grades of 48.7% Fe (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.
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.
For further information about West Melville Metals Inc. or this news release, please visit our website at www.westmelville.com.
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 regarding the economic potential of the Isortoq Project and the Company's interest therein, 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.