TIR titan resources limited

more drill results.

  1. 321 Posts.

    These results just out from Titan





    TIR : New nickel sulphide exploration target - Widgiemooltha North
    ASX Report
    11:46:0247 11/04/2003 Issuer: TIR
    TITAN RESOURCES NL 2003-04-11 ASX-SIGNAL-G

    HOMEX - Melbourne

    +++++++++++++++++++++++++
    Titan Resources NL reports that recent regional exploration drilling
    on the northern portion of the Widgiemooltha North area, located 80
    km south west of Kalgoorlie, has defined a new, highly prospective
    area of interest in an location where there has been almost no
    previous exploration.

    The target area is situated between the Armstrong deposit (to the
    south) and the McEwen resource, some 2.5 kilometres north. The
    presence of the locally prospective nickel-bearing contact zone in
    this area has been demonstrated previously by geophysics and
    drilling. Titan has just completed a 100-hole, 2620 metre, RAB,
    geochemical drill program on a 200-metre by 50-metre grid in the
    search for new nickel targets.

    The drilling has delineated a major anomalous zone over a 900 metre
    strike length with significant nickel intercepts, including 16 metres
    at 0.68% Ni from 36 metres in hole WDR094, 8 metres at 0.6% Ni from
    28 metres in WDR096 and 24 metres at 0.53% Ni from 32 metres in
    WDR084. This mineralisation may represent a new ore shoot or the
    southern extension to the western limb of the large McEwen deposit.

    Testing of this major target by RC drilling, to be followed up with
    down-hole geophysics, will be undertaken in the June quarter.


    W J Ryan
    MANAGING DIRECTOR

    Note:

    The Project mineral resources detailed in this report accurately
    reflect information compiled by Ms Karilyn Farmer of Titan Resources
    NL who has relevant experience in relation to the mineralisation
    being reported on to qualify as a Competent Person as defined by the
    Australasian Code for Reporting of identified Mineral Resources and
    Ore Reserves.

 
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