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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 (317)	1/31/2001 9:54:34 PM
From: rdww	Respond to of 343

more drilling on the river bed confirms that they have the potential to be world class here NAR receives additional Nova Scotia drill results NAR Resources Ltd NRL Shares issued 7,838,202 Jan 30 close $2.50 Wed 31 Jan 2001 News Release Mr. George Elliott reports The company has received analytical results for an additional 13 holes from its 64-hole deep drill program recently completed on its titanium bearing heavy mineral sand deposit located near Truro, N.S. The deposit extends approximately 69 square kilometres (27 square miles) along the Shubenacadie River northward to the eastern reaches of Cobequid Bay. Results of the initial 20 drill holes, which covered Sandbar one and five, were announced in Stockwatch Jan. 22, 2000. Sonic Soil Sampling Inc. of Concord, Ont., conducted the phase one drill program. The drill plan, which was plotted and supervised by Canadian Seabed Research Ltd. (CSRL) of Porter Lake, N.S., was based on the positive interpretation of the previously completed seismic survey and the 395 shallow drill holes (refer to the press release in Stockwatch Aug. 23, 2000). Drill holes were not numbered and completed in chronological sequence, but rather locations were predetermined by CSRL based on interpretation of the aforementioned seismic results. Assaying and analytical work was completed at the laboratory of Daltech (Dalhousie Technical University) in Halifax, N.S. Half the core from each of drill hole has been kept for future archival reference. The five holes, listed below, were drilled to test the extent of mineralization to depth of sandbar 2 (SB2), which comprises an area of 850,000 square metres (1,062,500 square yards). The centre of SB2 is located 2.5 kilometres south of the centre of SB1. The average drill depth for the holes was 6.91 metres (22.7 feet), with the shallowest penetrating 5.21 metres (17 feet) and the deepest penetrating 10.01 metres (32.8 feet). Hole Depth Grade: % heavy No. (m) minerals (avg over length of hole) BH-10 0 - 6.20 1.65 BH-22 0 - 6.91 1.67 BH-23 0 - 6.20 1.53 BH-24 0 - 10.01 1.92 BH-37 0 - 5.21 3.33 The following eight holes were drilled to test sandbar 4 (SB4), which measures 1.01 million square metres (1,262,500 square yards). The centre of SB4 is located five km south of the centre of SB1 and 2.5 km north of the centre of SB5 respectively. The average drill hole depth was 6.82 m (22.4 feet), with the shallowest penetrating 3.66 metres (12 feet) and the deepest penetrating 9.39 metres (30.8 feet). Hole Depth Grade: % heavy No. (m) minerals (avg over length of hole) BH-12 0 - 5.95 1.99 BH-13 0 - 5.67 2.32 BH-14 0 - 9.39 1.93 BH-15 0 - 8.00 1.15 BH-16 0 - 3.66 3.08 BH-39 0 - 8.56 1.42 BH-41 0 - 7.38 2.72 BH-42 0 - 5.98 4.89 Over all, analytical results on the 33 deep holes indicate that the drill core is continuously mineralized throughout its entirety. As well, the trend of increasing grade as the deposit is traced southward (as noted in the press release in Stockwatch Jan. 22, 2001) has been validated by results of SB2 and SB4. The company is satisfied that the results to date compare well with those of other producers. Mineral sand operators in Australia, South Africa and the United States are producing concentrates from sands with heavy mineral content ranging from 1 to 4 per cent on average (source: Mineral Sands Annual Review). The analytical results on the remaining drill holes will be released once completed. Locations of all 64 deep drill hole locations, which have been plotted on an aerial photograph of the property conducted by Atlantic Air Survey of Dartmouth, N.S., May 1999, can be obtained by contacting Titanium Corporation of Canada Ltd., by e-mail at ir@titaniumcorporation.com. (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com