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

To: rdww who wrote (307)	12/14/2000 11:06:56 PM
From: rdww	Respond to of 343

some nasty stuff going on in the NAR mkt today - clarification of the ongoing resource report for the MSE came out today. As I stated on SH - Reeves is still part of this company and this guy was a biggie at Dupont and the titanium industry for that matter. So he's got some confidence that this material will be amenable to someone and that we've got a deposit worth a lot of money potentially or he wouldn't still be here would he?! NAR awaits independent valuation NAR Resources Ltd NRL Shares issued 7,838,202 Dec 13 close $2.34 Thu 14 Dec 2000 News Release Mr. George Elliott reports The independent valutaion of the property, reported in Stockwatch on Dec. 13, is well under way. The valuation has been requested by the Montreal Exchange as one of the conditions precedent to its approval of the amalgamation between NAR resources and Titanium Corporation of Canada. NAR resources is currently awaiting drill results from its recently completed deep drill program on the Shubenacadie River titanium bearing heavy mineral sands deposit located near Truro, Nova Scotia, Canada. As previously advised at its annual meeting, NAR Resources expected an independent analysis of its drilling results and a further independent metallurgical analysis to be completed by the end of December. In order to comply with the requirements of the Montreal Exchange, such independent reports will be the basis of an independent valuation report to be provided to the corporation. Previously, NAR Resources drilled 395 vibacore holes to a maximum depth of five metres. If the drilled area were multiplied by an average thickness of 10 metres, the project would contain an estimated minimum of 100-million cubic metres of titanium bearing heavy mineral sands. To date, 64 holes have been successfully drilled with depths reaching up to 17-metres. The drill program has covered a strike length of 28 kilometres. Management is satisfied that the indicated thickness of the deposit is consistent with the results from the previously completed seismic survey conducted by the Canadian Seabed Research, reported in Stockwatch Aug. 23, 2000. 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 in order to provide the Montreal Exchange with the material requested. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com