Here we go Griz, why dig a hole thru Canada all the Dam Way Distance to CHINA! SEE this old Arizona Company that moved to CHINA last year:
( I think NEW BLUE the better BET as we have NO SO MUCH LOWER delivery costs - not to mention- the Foreign Palm Outstretched that happens overseas! LOL) CHINA -GTH in news just now with TITANIUM and this is NOT a NEW BLUE RELEASE, yet I suspect sometime in the future we will have such documentation on Larry's FIND, so fine:
Golden Thunder Resources Ltd -
Golden Thunder test results; 650,000-unit private placement
Golden Thunder Resources Ltd GTH
Shares issued 3,617,156 1999-09-08 close $0.16
Monday Sep 13 1999
Mr. Tun Aye Sai reports
Results of the test work conducted in June, 1999, by the ZhengAou Institute of Comprehensive Uses of Mineral Resources, Ministry of Land and Mineral Resources, ZhengAou, Henan Province, PRC, on the Henan Fangcheng rutile ore, have been received. The test results show that a final rutile (titanium mineral) concentrate with 92.2 per cent TiO2 could be achieved from a grade of 2.25 per cent of rutile TiO2 with an overall metallurgical recovery of 62 per cent. The rutile concentrate produced meets the Chinese National Standard Grade 2 product (YB8837-87). Along with the rutile concentrate, an iron concentrate byproduct, mainly hematite mineral, was also recovered. Hematite concentrate has an iron (Fe) content of 60 per cent and can be sold to iron and steel smelters in Henan province at about 250 RMB per tonne (equivalent to $30 (U.S.) per tonne). For every 100 tonnes of feed ore, about 4.9 tonnes of iron concentrate can be recovered.
The company also announces that it has negotiated a non-brokered private placement for 650,000 units at a price of 20 cents per unit. Each unit comprises one common share and one non-transferable 2-year share purchase warrant, exercisable at a price of 20 cents per share in the first year and at 35 cents in the second year. Upon closing, the placement will net the company $130,000. Proceeds will be used to finance the preferability study the company has commissioned for the titanium (rutile) deposit and working capital. There will be no finder's fee payable for the placement.
The company also wishes to announce that it has granted 350,000 director/employee incentive stock options, exercisable for a period of two years, at a price of 25 cents per share, subject to regulatory acceptance and has cancelled 200,000 option shares previously issued.
canada-stockwatch.com
So NEW BLUE guys, will we have OVER 60% recovery grade, over 10% of the transportaion costs saved UPFRONT and NO FOREIGN ENTANGLEMENTS as George Washington would say way back for North America!!! LOL
<<..a final rutile (titanium mineral) concentrate with 92.2 per cent TiO2 could be achieved from a grade of 2.25 per cent of rutile TiO2 with an overall metallurgical recovery of 62 per cent...>>
Onward for the OTHER ELEMENTS that we have.
Chucka
|
