West Melville Metals Inc.
TSX VENTURE : WMM

West Melville Metals Inc.

September 05, 2012 08:00 ET

West Melville Reports High Grade Mineralization at the Isortoq Iron-Titanium-Vanadium Project, Greenland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2012) - West Melville Metals Inc. (TSX VENTURE:WMM) ("West Melville" or the "Company") has released assay results from its initial drill campaign at the Isortoq iron-titanium-vanadium project in southern Greenland. The drilling was designed to systematically evaluate one kilometre of strike within a 15 kilometre strike length of mineralised troctolite confirmed by previous drilling completed by the project vendor.

Program Highlights:

  • 2,684 metres of core drilling completed
  • 11 holes to a maximum depth of 344 metres
  • All holes show strong mineralization over long intervals
  • Significant assays include 180 meters of 42.8% FeO; 12.4% TiO2; 0.17% V2O5
  • Drilling delineates 1.0 kilometre strike length

"The Company's inaugural drill campaign at Isortoq has exceeded our expectations in terms of both grade and consistency of the mineralised body," stated Rory Moore, West Melville's President and CEO. "These results demonstrate that the Isortoq Project is comparable in quality to ores currently being processed for iron, titanium and vanadium products in South Africa, Russia, China, New Zealand and Australia."

A total of 2,684 metres of core was drilled in 11 holes. Holes orientations were a combination of alternating vertical and angled holes along the strike of the mineralized body. Angled holes dipped approximately 45°and were drilled from the edges of the body towards the center. Drill fences were positioned approximately 100 meters apart, evaluating 1.0 kilometre of strike of the troctolite (host rock containing Fe, Ti and V mineralization). To view a drill plan map and sections relating to the drill program together with graphical representations of the assay results please visit the Company's website at http://www.westmelville.com/projects/isortoq-project/technical/.

ISORTOQ ASSAY RESULTS

DDH From To Interval FeO TiO2 V2O5
(m) (m) (m) (%) (%) (%)
12DTQ001 Vertical 2.4 101.4 99.0* 41.9 12.2 0.15
Includes 65.0 44.0 12.8 0.16
12DTQ002 Vertical 5.5 95.4 89.9* 41.3 11.9 0.16
Includes 40.0 44.0 12.6 0.18
12DTQ003 Angled 30.5 194.5 164.0* 41.2 12.0 0.16
Includes 94.0 44.1 13.0 0.18
12DTQ004 Angled 56.0 236.0 180.0* 42.8 12.4 0.17
Includes 108.0 45.0 13.1 0.19
12DTQ005 Angled 92.0 214.0 122.0* 42.2 12.3 0.16
Includes 76.0 45.0 13.2 0.18
12DTQ006 Angled 191.0 308.0 117.0* 36.8 10.7 0.14
Includes 40.0 41.6 12.1 0.16
12DTQ007 Angled 62.0 216.0 154.0* 41.8 11.9 0.16
Includes 74.0 45.0 13.1 0.18
12DTQ008 Angled 56.0 212.0 156.0* 42.0 12.2 0.17
Includes 102.0 44.0 12.9 0.18
Includes 66.0 45.0 13.2 0.18
12DTQ009 Angled 50.0 194.0 144.0* 42.1 12.2 0.17
Includes 86.0 45.0 13.2 0.19
12DTQ010 Vertical 3.0 218.0 215.0* 40.4 11.6 0.15
Includes 120.0 45.0 13.1 0.18
12DTQ011 Vertical 42.0 170.0 128.0 45.0 12.8 0.17
Includes 80.0 47.0 13.5 0.19

* Weighted average interval based on 30% FeO cut-off.

Isortoq Project

The 31,000 hectare Isortoq Project is a large iron-titanium-vanadium prospect in southern Greenland that was discovered by Hunter Minerals Pty Ltd. of Australia while conducting a regional nickel exploration program. Previous drilling has confirmed a potential strike length of 15 km with the mineralised 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 60km of Narsuaq 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 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 sulphur, phosphorus, silica and aluminium. These are positive indications 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.

QA/QC

All core was processed on-site in a secure facility. Core was sawn in half and all troctolite intersections were sampled and sent to an accredited laboratory in Canada via sealed Sea-Can cargo container. All samples were subject to ICP and XRF analysis. XRF analyses were reported to the Company as Fe2O3 wt.% and converted to FeO wt.% for dissemination purposes. The conversion factor from Fe2O3 wt.% to FeO wt.% is 0.8998%. West Melville's quality assurance and quality control procedures include the systematic insertion of blanks and standards into the drill core sample string as well as quarter cutting core for duplicate analysis. 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.

For further information about West Melville 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 the exploration 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.

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