White Mountain Identifies Three New Rutile Target Prospects Following A Recent Geophysical Magnetic Survey Of The Cerro Blanco Property
SANTIAGO, Chile, May 31, 2012 /PRNewswire/ -- White Mountain Titanium Corporation ("White Mountain" or the "Company") (OTC Bulletin Board: WMTM - News) reports that as a result of a ground, geophysical magnetic survey carried out on the Cerro Blanco property in March, 2012, three new rutile target prospects have been identified. The survey was contracted out to Santiago-based geophysical specialist consultancy Geodatos and tested the magnetic susceptibility of rock within a surveyed grid. This technique is used extensively in Chile as an exploration tool in the copper industry and the Company wanted to test its applicability to titanium exploration.
Geodatos constructed a rectangular grid measuring 7.5 km by 3 km (2,250 hectares) comprised of 61 lines oriented northeast-southwest and spaced 50 metres apart. The grid covered the previously known main rutile prospects at Cerro Blanco - Las Carolinas, La Cantera, Chascones and Eli. Rock underlying the grid lines was subjected to a magnetic field and the magnetic response was measured. In the case of Cerro Blanco, rutile bearing rock typically exhibited a lower magnetic response than for example rutile deficient or iron bearing rocks. Based on an interpretation of the survey data, Geodatos and the Company were able to identify three new rutile target prospects warranting further investigation. These targets are:
Target 1 Hippo EarThis target covers an area of approximately 16 hectares and is located directly south of the Las Carolinas prospect. Since completing the survey, detailed geological mapping has been completed on this target and three trenches measuring approximately 20 metres in length, 2.5 metres deep and 1.5 metres wide have been mapped and sampled.
Target 2 Algodon ProspectThis target covers an area of approximately 44 hectares and is located approximately 1.5 km west of the Las Carolinas prospect. Geological reconnaissance and selective sampling of outcrop has been completed over approximately 60% of the target area.Target 3 Quartz CreekThis target covers an area of approximately 77 hectares and is located directly southeast of the Las Carolinas prospect. Geological reconnaissance and systematic grid rock sampling (one sample every 25 - 30 metres) has been completed over approximately 27% of the target area. Of the 250 samples taken, some outcrop samples showed abundant rutile related to coarse quartz, albite and veinlets. Samples taken from the target areas listed above will be submitted to ALS Chemex for XRF total rock analyses and results are expected by the middle of June, 2012.
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