West Melville Confirms High Grade Copper on the Alex Property, Sonora, Mexico
May 12 2014 - 8:30AM
Marketwired
West Melville Confirms High Grade Copper on the Alex Property,
Sonora, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 12, 2014) - West
Melville Metals Inc. (TSX-VENTURE:WMM) ("West Melville" or "the
Company") has completed an initial due diligence investigation on
the Alex Copper Property (the "Property") located in Sonora,
Mexico. Results are sufficiently encouraging for the Company to
mount a follow-up field program which will commence immediately.
The aim of the follow-up program will be to conduct a systematic
surface sampling program over the main area of mineralization and
to compile an initial property scale geological map.
"We are encouraged by our initial field visit to the Alex
Property," stated Dr. Rory Moore, President and CEO of West
Melville. "We were able to field confirm the presence of a series
of copper oxide showings that occur over an area of at least 1,200
x 800 metres. Representative samples taken from several of these
showings assayed between 3.2 and 4.6% Cu. In addition, significant
primary sulphide mineralization (bornite, chalcocite / digenite and
covellite) was discovered within epidote-bearing andesite that
assayed 1.6% copper. The ubiquitous presence of similar epidote
bearing andesite over large parts of the property opens up the
potential for the discovery of a large mineralized system at
Alex."
The Alex Option
In January 2014, West Melville secured an exclusive option to
acquire 100% ownership of the Alex Copper Property. Under the terms
of the agreement, West Melville has until May 31, 2014 to exercise
its option to secure a 100% interest in the property by paying
USD$25,000 and issuing 250,000 shares in the capital stock of the
Company to the Vendor. The Vendor will retain a 2% Gross Royalty on
the Property, subject to West Melville's right to purchase 1% of
the Royalty at any time for USD$1 million.
The Alex Property
The Alex Property is a copper-silver exploration prospect
covering 1,000 hectares located in the foothills of the Sierra
Madre about 140 kilometers east of Hermosillo in Sonora, Mexico.
This falls within the transition zone between the prolific Laramide
porphyry copper belt that spans southern Arizona/New Mexico and
north-eastern Sonora, Mexico and the productive epithermal deposits
that are generally aligned in a north-west / south-east linear
trend along the Sonora - Chihuahua border and extending into
Sinaloa and Durango. This trend is well known for the occurrence of
a number of productive mines which makes the identification of
potentially significant copper mineralization on the Alex Property
a compelling exploration target for West Melville. Limited
geological investigations conducted on the property between 2006
and 2009 identified evidence of copper mineralization over an area
of at least 1,200 x 800 m with mineralization occurring in quartz
veins, open stockworks and breccias. Copper-bearing minerals
include malachite, azurite, cuprite, bornite, chalcocite, digenite,
chalcopyrite and covellite. No modern exploration and/or drilling
have ever been undertaken on the property. Access is by 4x4 vehicle
along dirt roads, and a permanent water source is located 12
kilometres from the Property.
QA/QC
Disclosure of a scientific or technical nature contained in this
release has been reviewed and approved by Bruce Counts, P.Geoph.
(Director of West Melville) who is the Qualified Person for the
purposes of National Instrument 43-101.
About West Melville Metals Inc.
West Melville is an exploration company focused on identifying
low cost opportunities that offer high potential to build
shareholder value. It has an experienced management team with a
track record of discovery success and a Board of Directors with
expertise covering the essential fields of geology, engineering and
finance. The Company owns the Isortoq iron-titanium-vanadium
project in Greenland and has an option to earn a 70% interest in
the Fraser Bay iron ore project in Nunavut.
On behalf of the Board of Directors
Rory O. Moore, Ph.D., President and CEO, West Melville
Metals Inc.
For further information about West Melville Metals Inc. or this
news release, please visit our website at www.westmelville.com.
West Melville Metals Inc. is a member of the Aurora Mineral
Resource Group of companies. For more information please visit
www.auroraresource.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Certain disclosures in this release, in particular regarding the
economic potential of the Alex Property and the Company's interest
therein, constitute forward-looking statements that are subject to
numerous risks, uncertainties and other factors relating to West
Melville's operations as a mineral exploration company that may
cause future results to differ materially from those expressed or
implied in such forward-looking statements, including risks as to
the completion of the plans and projects. Readers are cautioned not
to place undue reliance on forward-looking statements. Other than
as required by applicable securities legislation, West Melville
expressly disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events, or otherwise.
West Melville Metals Inc.Investor RelationsToll free at
1.888.331.2269, at
604.646.4527info@westmelville.comwww.westmelville.com