TITANIUM CORPORATION INC.- The Next Major Mining Play Message Board

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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play

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To: chevalier who started this subject	10/30/2000 10:15:31 AM
From: rdww	of 343

news update NAR updates deep drill program in Nova Scotia NAR Resources Ltd NRL Shares issued 7,838,202 Oct 27 close $2.80 Mon 30 Oct 2000 News Release Mr. George Elliott reports NAR is well advanced toward the completion of its deep drill program on its titanium-bearing heavy mineral sand deposit located near Truro, N.S. The deposit extends some 69 square kilometres along the Shubenacadie River northward to the eastern reaches of Cobequid Bay. Sonic Soil Sampling Inc., of Concord, Ont., was awarded the drill contract after a successful demonstration of their equipment. The purpose of the drill program is to confirm the positive interpretation of the results from both the recently completed seismic survey and the 395 shallow drill holes that all ended in mineralization. The seismic survey indicates the thickness of the deposit ranges from 10 metres to 18 metres depending upon its location in the depositional basin. The initial drill program, which will consist of 40 to 50 holes, is considered sufficient to confirm the seismic survey results and establish a tonnage calculation. Each hole is being drilled through the titanium-bearing heavy mineral sand deposit and is stopped once it hits bedrock. All collected core samples from the drill program are being sent to the Technical University of Nova Scotia (TUNS) laboratory in Halifax for assaying and mineralogical analysis. Assay results are expected within the next 30 days. James W. Reeves, director of metallurgy for NAR and formerly of DuPont Corporation of Wilmington. Del., is currently in Australia supervising the metallurgical program. The program is designed to establish the most applicable method for maximum recovery of the different economic minerals contained in the deposit. The results will assist the company in its plant development design. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com

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