Nova Scotia Mineral Review
According to George Elliott,
Chairman of publicly-traded Titanium
Corporation, more than 330 million
tonnes of probable reserves
containing just under 2% heavy
minerals have been independently
confirmed. Elliott says "these
reserves give this project a
conservatively estimated value of at
least $250 million and that figure
could increase dramatically as the
results of our ongoing exploration and
development program are confirmed.
We have a claims area measuring
approximately 72 square kilometers
and our most recent drilling points to
the presence of additional tonnage and
areas of richer mineral grades, all of
which we hope to confirm once
weather conditions allow us to resume
field work".
The origin of this particular heavy
minerals deposit is not known but one
geologist familiar with the site
describes it as a situation where
"nature has essentially crushed,
concentrated and deposited this
massive resource and left it along the
Shubenacadie River to wait for
processing." The deposit contains the
three titanium-bearing minerals,
illmenite, leucoxene and rutile, along
with important quantities of zircon
and garnet.
Because these heavy minerals are
contained in exposed, easily treatable
sand bars, recovery operations will
involve standard dredging and gravity
separation processes.
Elliott reports that this project will
require a recovery process that uses
only water and electricity, making it
one of the least intrusive mineral
recovery operations anywhere in the
world. As well, according to Elliott,
"this process will position Titanium
Corporation as one of the world's
lowest cost producers of titanium
dioxide feedstock for the pigment
industry because the minerals are
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Heavy Minerals Project
Offers Prospect Of Economic
Prosperity
for Nova Scotia
T
itanium Corporation Inc.'s heavy minerals deposit, situated in enormous sand bars along
the Shubenacadie River and Cobquid Bay near Maitland Nova Scotia, could result in a
major new industry for this province. Based on exploration and development work to date,
Nova Scotia's Minister of Natural Resources, Ernest Fage, stated that "the work being done…..has
the potential to provide new revenues and jobs for Nova Scotians." |
