VANCOUVER, British Columbia, March 21, 2007 (PRIME NEWSWIRE) -- Further to the Press Release dated 25th January 2007, White Mountain Titanium Corporation (OTCBB:WMTM) is pleased to release further drill data from a recently completed a 16 hole NQ diamond drilling campaign, totaling over 2,900 meters, at its Cerro Blanco titanium project in Region III of northern Chile.
-------------------------------------------------------------------- Hole # From (m) To (m) Width (m) % TiO2 -------------------------------------------------------------------- CB-18 Total MR1 + MR2 117 2.46 -------------------------------------------------------------------- Including 69 174 105 2.53 -------------------------------------------------------------------- CB-12 Total MR1 + MR2 113 2.38 -------------------------------------------------------------------- Including 134 226 92 2.51 -------------------------------------------------------------------- -------------------------------------------------------------------- CB-23 Total MR1 + MR2 64.5 2.54 -------------------------------------------------------------------- Including 66 105 34 2.61 --------------------------------------------------------------------
(Note: Previous geological and metallurgical test work has defined MR1 and MR2 ore types as feed material capable of producing the best, and most commercially acceptable chemical product specifications.)
As previously noted, data from the latest drilling campaign is currently being input into a geological model and this model, together with ongoing technical work, will be integrated into a resource model over the course of the next few weeks.
The Company has also received the final report from SRK Consulting Chile S.A. ("SRK"), who undertook a geotechnical analysis of the diamond drill core to assess whole rock characteristics and the likely competence of the Cerro Blanco ground rock for an open pit mine design. SRK concluded that using 'Laubscher's RMR classification', the mineralized rock at Cerro Blanco returned an RMR value of 46, and would be suitable for an open pit mine design. (Note: The RMR classification ranges from 100 to zero. In general, the higher the RMR classification values, the harder the rock, harder rock requiring more explosives for in pit blasting and higher energy consumption in subsequent crushing and grinding processes.)
White Mountain's President and CEO, Mr. Michael Kurtanjek, commented on the results saying, "The mineralisation at Cerro Blanco continues to show good grades over long intercepts, and reinforces our support for this project. The SRK data is particularly encouraging, both for mining and processing, in that the mineralized rock is competent but not excessively hard. This latest drill data and rock characterization information, together with an existing large body of data and information on the project, will provide the technical basis for a planned pre-feasibility study."
The Company also announces that Ms. Stephanie Ashton has resigned as a Director due to competing interests for her time. The Board of Directors wishes to express its gratitude to Ms. Ashton for her contributions to the Company.
About White Mountain Titanium Corporation
The Company holds mining concessions on the Cerro Blanco property consisting of nine fully constituted exploitation mining concessions and twenty-four exploitation mining concessions in the process of being constituted, over approximately 7,483 hectares located approximately 39 kilometers west of the City of Vallenar in the Atacama, or Region III, geographic region of northern Chile. The Company's principal objectives are to advance the Cerro Blanco project towards a final engineering feasibility, and to secure off-take contracts for the planned rutile concentrate output. It would be the intention to sell the rutile concentrate to paint and pigment producers. Work also continues to investigate the commercial viability of producing a feldspar co-product. The feldspar could find applications in the glass and ceramics industries.
The OTC BB has not reviewed or does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and, therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.