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Gold/Mining/Energy : TIOMIN brightens your teeth as it whitens your paint

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To: Bobby Yellin who wrote (11)1/29/1997 1:15:00 AM
From: nammir chucri   of 62
 
January 28, 1997

TIOMIN CHIEF HINTS AT THIRD KENYAN FIND

TORONTO, Jan 28 (Reuter) - Tiomin Resources Inc may have found its third large titanium deposit in Kenya in less than six
months, the company's chief executive said on Tuesday.
"We're fairly positive there's a third deposit," Jean-Charles Potvin said in a phone interview.
But the grade of the new find is probably not as good as the other two deposits, Potvin warned.
Tiomin Resources announced last September it had made a large discovery of titanium on its Mambrui land in Kenya. Last
week, the Toronto-based company said it had made a second titanium discovery at it Sokoke prospect, also in Kenya.
"The combined titanium mineral resources contained in these two projects demonstrate the potential for Kenya to be a future
major producer of these minerals," the company said in a recent statement.
Titanium is a light-weight metal mainly used as a whitener of paint, plastic or paper.
Tiomin has started a prefeasibility study on Mambrui and is preparing for a similar study on Sokoke. The Mambrui study will
likely be done in about three months, Potvin said.
"We're very pleased with the progress to date," Potvin said. "We believe the potential to expand the resource is reasonably
good."
The company has outlined a resource at Sokoke measuring more than 1.2 billion tonnes, grading about three percent heavy
minerals. The Mambrui prospect contains an estimated 650 million tonnes grading more than three percent heavy minerals,
Tiomin said.
((Heather Scoffield, Reuters Toronto Bureau 416 941-8104))
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