I see Titan have recently extended their resource figures from 44000 tons of nickel metal to 106,000 ton.
And now more drilling results.
TIR : Further Nickel Intersections from RC & diamond drilling prog
ASX Report
16:25:0212 6/03/2003 Issuer: TIR
TITAN RESOURCES NL 2003-03-06 ASX-SIGNAL-G
HOMEX - Melbourne
+++++++++++++++++++++++++
Titan Resources NL is pleased to report further nickel intersections
from its RC and diamond drilling program at its Widgiemooltha North
prospect, south-west of Kalgoorlie.
At the McEwen deposit, where the recently announced resource figures
were upgraded to 7,263,000 tonnes at 0.86 percent nickel, 3 RC holes
intersected significant mineralisation. These are WDC20 which
encountered 9 metres at 1.39% Ni from 69 metres down-hole and 4
metres at 2.33% Ni from 84 metres, with both intersections being
outside the boundaries of the extended resource. WDC22 encountered 8
metres at 1.19% Ni from 187 metres and 2 metres at 2.25% Ni from 226
metres, again with both intercepts being outside the resource, while
WDC24 located 3 metres at 1.20% Ni from 112 metres, within the
resource.
The accompanying table includes full location and survey data on
these and previously reported significant intercepts at the Armstrong
deposit.
In addition the diamond drill program at Armstrong has made several
significant intersections for which assay data are not yet available.
Four diamond core holes are currently awaiting core cutting and
analysis. WDD1 and WDD2 lie outside of the current resource envelope,
while WDD3 and WDD4 are within the current boundaries. All 4 holes
have intersected disseminated sulphides with the most significant
being WDD1, which intersected 13 metres of heavily
disseminated/matrix sulphides from 134.7 metres down-hole, the last 2
metres of which were massive mineralisation. WDD2, which is also
outside the resource envelope, intersected disseminated sulphides
that graded into a massive zone about 20cm wide at the base before
encountering a dolerite dyke, which appears to have displaced the
massive ore. WDD3 intercepted 5 metres of disseminated sulphides from
105 metres and WDD4 located 5 metres of disseminated sulphides
including 2m of heavily, disseminated matrix sulphides from 164
metres down-hole. Drilling is continuing.
RAB drilling of the 2,500 metres strike length of the highly
prospective basal contact zone between Armstrong and McEwen commenced
earlier this week.
Three rigs are now working at the Widgiemooltha prospects. Further
results will be reported when available.
DRILL HOLE INTERSECTIONS - ARMSTRONG**
HOLE NO NORTH EAST DIP AZI FROM TO WIDTH NI%
m
WDCI 6521960 360060 -60 90 64 73 9 2.54
incl 70 72 2 8.90
WDC10 6522040 359990 -60 90 99 106 7 2.16
incl 104 105 1 5.35
WDC11 6522040 359890 -60 90 190 191 1 1.67
WDC12 6522068 360072 60 90 40 52 12 1.19
incl 44 45 1 2.43
WDC13 6522290 359990 -60 90 52 80 28 0.68*
incl 68 76 8 0.85*
WDC14 6522290 359940 -60 90 40 52 12 0.61*
WDC15 6522070 359920 -60 90 146 154 8 1.90
incl 152 154 2 3.54
WDC16 6521975 360050 -60 90 76 81 5 2.95
incl 79 81 2 3.79
WDC17 6522025 360040 -60 90 65 69 4 5.40
incl 67 69 2 7.96
* All hole co ordinates in AMG zone 51, AGD84 Datum. * Denotes
composite assay with re-splits to follow
** All above intercepts previously reported
DRILL HOLE INTERSECTIONS - MCEWEN
HOLE NO NORTH EAST DIP AZI FROM TO WIDTH NI% m
WDC20 6524520 359395 -60 270 69 78 9 1.39
84 88 4 2.33
WDC22 6524480 359500 -60 270 187 195 8 1.19
226 228 2 2.25
WDC24 6524280 359160 -60 90 112 115 3 1.20
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.
TIR
titan resources limited