VANCOUVER, British Columbia, Nov. 29 /PRNewswire-FirstCall/ -- White Mountain Titanium Corporation (BULLETIN BOARD: WMTM) has completed a geochemical grid sampling program of outcrops at the new Eli prospect. The objective of the program was to test Ti02 grades at surface and to identify drill targets for a follow on program.
Working on a 25 by 25 meter sampling grid over an enlarged area measuring 1,100 metres by 1,000 metres, field crews collected and visually logged approximately 700 surface samples. These samples have been submitted for chemical assay, details of which will be made available once all assay results have been received.
Based on the results of visual logging and 270 assays received to date, management have started to plan and budget a drilling campaign at Eli. As part of this planning and budgeting process, the Company is soliciting bids from contractors for road building and drill site preparation with this work targeted to commence early in 2008.
"I am very encouraged by results to date at Eli and by its potential size," said Michael Kurtanjek, the Company's President and CEO. "Mineralization at surface has been traced over a larger area at Eli than at the Carolina prospect, where the Company has already delineated a resource of some 160 million tonnes. Our intention is to commence drilling at Eli as quickly as possible to determine what it may contribute to the overall resource picture at Cerro Blanco."
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-seven exploitation mining concessions in the process of being constituted, over approximately 8,883 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 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.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release and on our website, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," and "inferred," that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the disclosure in our Form SB-2, File No. 333- 129347. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml.
Contact: White Mountain Titanium Corporation Michael Kurtanjek, President 562-231-5780 Brian Flower, Chairman 604-408-2333
