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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play -- Ignore unavailable to you. Want to Upgrade?

To: Winzer who wrote (21)	8/10/1999 9:49:00 PM
From: chevalier	Respond to of 343

The short story behind the discovery is as follows: The group behind Titanium Corporation of Canada was privately drilling a copper prospect up at Lochaber. When they assayed the core from a hole it came back with trace elements of rutile. The group then hired a young geologist, Jason Ross (current geologist of the project) to find the source of the rutile. He uncovered 2 items that lead him to the Shubenacadie. 1) a report done by the U.S. geo survey stating that the Gulf of Maine is loaded with TIO2 however it could never be economic due to erosion from travel and the depth. They postulated that the source came from New Brunswick or Nova Scotia. 2) There were some holes drilled in the Shubie a bunch of years back I believe by the government (don't quote me on this though) looking for a possible electrical source due to the strength of the tide that comes in and out of the Shubie. They found decent percentages of TIO2. Jason then sampled all the logical sources in the area and found that the Shubie was the source. The origin is from the ocean or from the Bay of Fundy as the TIO2 sands have been washed in over history in significant concentrations.