VANCOUVER, Dec. 19 /PRNewswire-FirstCall/ -- White Mountain Titanium Corporation (BULLETIN BOARD: WMTM) has now received assay results from a recently completed 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.
As reported in a previous release dated November 29, 2007, field crews working on a 25 by 25 meter sampling grid over an enlarged area measuring 1,100 metres by 1,000 metres, collected and visually logged 683 surface samples.
Assay results for rutile show that over 64% of the samples had a TiO2 content higher than 1.00% and 28% of the samples, a TiO2 content of between 1.50% and 1.99%. With respect to discrete samples, 36 returned values in a range of 2.00% to 25.17% TiO2. The highest grades were found in a newly discovered vein where two samples returned TiO2 values of 21.27% and 25.17%.
"Eli continues to amaze us," said Michael Kurtanjek, the Company's President and CEO. "So far both the extent and grade of surface mineralization at Eli exceeds anything that we have seen at the Carolina prospect, where the Company has already delineated a resource of some 160 million tonnes. We expect to commence road building and drill site preparation at Eli in early January."
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
