West Melville Metals Inc. (TSXV:WMM) announced the Mineral Resource Estimate for the Isortoq Iron-Titanium-Vanadium Project in Greenland. The results showed an inferred resource 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.
As quoted in the press release:
2012 Program Highlights:
- Evaluation drilling completed on a section that represents a small component of the overall size potential of the Isortoq body has defined an initial inferred resource of 70.3 Mt grading 29.6% Fe, 10.9% TiO2 & 0.144% V2O3.
- A ground magnetic survey that expanded the strike length of the main Isortoq trend to 16.3 kilometres and identified the potential for multiple, parallel or en-echelon mineralized bodies running parallel to the main body.
- Secured a new exploration license (109 km2) covering the potential extension of the mineralization to the south.
West Melville Metals Inc. President and CEO, Dr. Rory Moore said:
Achieving an initial inferred resource in our first drill program on the project speaks volumes to the consistency of the mineralization at Isortoq and demonstrates scope to rapidly grow the resource by applying a similar systematic approach to evaluation drilling in 2013. Moreover, it is significant to note that this initial resource represents drilling on less than one kilometre of the Isortoq body while evidence from previous drilling and the 2012 ground magnetic survey has demonstrated a strike length exceeding 16.3 kilometres.