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.
*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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