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SANTIAGO, Chile, April 2, 2014 (GLOBE NEWSWIRE) --
White Mountain Titanium Corporation ("White Mountain" or the "Company") (OTCQB:WMTM) reports that yesterday's 8.2 magnitude earthquake in northern Chile has not affected its Cerro Blanco project. The earthquake epicenter, off-shore from the City of Iquique, was located approximately 1,200 kilometers due north from the Company's project site in Region III of northern Chile. All in-country Company personnel are safe and have been accounted for and there has been no material effect on the project.
About White Mountain Titanium Corporation
The Company holds mining concessions on the Cerro Blanco property currently consisting of 41 registered mining exploitation concessions and 34 mining exploration concessions in the process of being constituted, over approximately 17,041 hectares located approximately 39 kilometres 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 toward a final engineering feasibility, to secure off-take contracts for the planned rutile concentrate output, and to secure funding or other arrangements to place the project into production, if warranted. It would be the intention to sell the rutile concentrate to titanium metal 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.
OTCQB Markets has not reviewed and 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.
CONTACT: White Mountain Titanium Corporation
Michael Kurtanjek, President
(562) 2 657-1800
Brian Flower, Executive Vice-President