Radar Acquisitions Corp -
Radar Acquisitions completes drilling near Limon
Radar Acquisitions Corp
RAC
Shares issued 8,301,143
1999-10-20 close $2.4
Tuesday Oct 26 1999
Mr. John Bergen reports
Radar Acquisitions has completed its first drilling/exploration
program on properties, near Limon , Colo., leased with its
joint venture partner River Bend Exploration. This
drilling/exploration program consisted of air and ground
magnetometer surveys as well as fence drilling conducted by
TS2 Consulting, to determine the Ilmenite (titanium), garnet
and zircon content of the property.
The joint venture has now received a preliminary report from
Watts, Griffis and McOuat, consulting geologists and
engineers, of Toronto, Ont. This report is concerned only with
3.6 miles of the first trend and does not include the potential of
the 800 square miles (approximate) previously announced.
In its report commenting on the mineral distribution, Watts,
Griffis and McOuat comment as follows:
Riverbend has completed 79 drill holes along lines across the
main trend, the titanium ridge trend and possible extensions to
the north. An estimate of total tons and grade of mineralized
sand in 3.6 miles of the main trend has been completed. Using
a cross-section area estimation method, WGM (Watts, Griffis
and McOuat) estimates total resources as follows:
Measured -- 9.3 million tons, 7.1-per-cent total heavy
minerals, 8.6 million cubic yards overburden;
Indicated -- 9.1 million tons, 14.2-per-cent total heavy
minerals, 11.5 million cubic yards overburden; and
Inferred -- 4.3 million tons, 10.5-per-cent total heavy
minerals, 3.3 million cubic yards overburden.
These figures would indicate total heavy minerals as follows:
Measured -- 660,300 tons total heavy minerals;
Indicated -- 1,292,200 tons total heavy minerals; and
Inferred -- 451,500 tons total heavy minerals.
Further in the report, Watts, Griffis and McOuat, state the
following:
Preliminary process testing on the bulk sample has been
completed and alternative processes are being considered.
Bench scale testing suggested that marketable ilmenite, zircon
and garnet concentrates could be produced using wet gravity,
high-intensity electrostatic and induced magnetic separation
methods. Analyses of mineral separates indicated that the
heavy mineral concentrates from wet gravity separation
contained 28-per cent to 31 per cent ilmenite, 35 per cent to
37 per cent garnet and 6 per cent to 7 per cent zircon. The
rough ilmenite concentrate contained unacceptably high
amounts of chromium and the zircon contained high amounts of
uranium and thorium. Bench scale treatment was able to
reduce the chromium content of the ilmenite to less than 0.2
per cent and the uranium and thorium content of the zircon to
less than 300 parts per million. The garnet concentrate is of a
size and composition to be readily marketable to the growing
water jet cutting industry.
Further process testing on the bulk sample will be required to
produce the same results as indicated in the Watts, Griffis and
McOuat report and to find the most economical means of
separating the heavy minerals before a flow sheet can be
produced for a mining operation.
With the results of this report Radar will continue with a large
scale drilling program to further assess its Colorado resource
base.
(c) Copyright 1999 Canjex Publishing Ltd.
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