West Melville Metals (TSXV:WMM) announced the completion of the 2012 exploration campaign at its Fraser Bay iron ore project in Nunavut.
As quoted in the press release:
The objectives of the program were to complete extensive channel sampling aimed at evaluating the DSO (direct ship ore) potential of the Project and to establish longer term project infrastructure. Both objectives were achieved with the collection of 1,012 metres of combined rock saw channel sampling (923 m) and continuous chip sampling (89 m) and the construction of a 25-person camp adjacent to the CAM 5 airstrip at Mackar Inlet.
West Melville President and CEO Dr. Rory Moore said:
The results from 2012 in combination with our compelling 2011 assays, which included grades up to 68.2% iron over one metre and 61.6% iron over 13 metres, will give us our first comprehensive understanding of the DSO potential.