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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play
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To: chevalier who started this subject11/8/2000 9:41:01 AM
From: rdww  Read Replies (1) of 343
 
NAR discovers new mineralized zone in Nova Scotia

NAR Resources Ltd NRL
Shares issued 7,838,202 Nov 7 close $3.57
Wed 8 Nov 2000 News Release
Recent drilling has identified a new mineralized high-grade zone at the
company's titanium-bearing heavy mineral Sands project, located near Truro,
N.S. This new discovery, the Southern Extension, lies south of sand bars
that were previously tested in the 1998-99 shallow drill campaign. The
Southern Extension measures approximately two kilometres in length and up
to 250 metres in width. The field crew has reported that drill depths in
the Southern Extension range from 6.5 TO 8.5 metres. Due to this new
discovery, the company has extended the current drill program until Nov.
12, 2000.
To date fifty-three holes have been successfully drilled with depths
reaching up to 17 metres. The drill program has covered a strike length of
28 kilometres. NAR is satisfied that the indicated thickness of the deposit
is consistent with the results from the previously completed seismic survey
conducted by Canadian Seabed Research.
Upon completion of each drill hole, cores are logged, split and prepared
for assay. Analysis is being conducted at the Technical University of Nova
Scotia (TUNS). Half of the core is kept for future archival reference.
Assay results are anticipated in the near term.
Once assaying is complete, the new results will be compiled with the
previously completed 395 shallow drill holes and the seismic survey to
establish an independent engineering report and a tonnage calculation.
WARNING: The company relies upon litigation protection for "forward
looking" statements.
(c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com
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