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Mineral Commodities Ltd.
Summary
| Project: | Tormin | |
|---|---|---|
| Deposit: | Tormin | |
| Location: | South Africa | |
| Commodities: | Ilmenite-Zircon-Rutile-Garnet | |
| Date: | 4/7/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-4-2020: Mineral Commodities Ltd. announces an Exploration/Drilling Update report for its Tormin deposit at the Tormin project. Drilling results incl. 8m @ 48.5% THM from 11m. Mineral Commodities Ltd (“MRC” or “the Company”) and its empowerment partner B | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bahman Rashidi (Internal) | |
| ABSTRACT: | Mineral Commodities Ltd (“MRC” or “the Company”) and its empowerment partner Blue Bantry Investments 255 (Pty) Ltd are pleased to provide an update on drilling results from Prospecting Right (WC 30/5/1/1/2/10262PR) that is also subject to an expanded mining application owned by the Company’s 50% South African subsidiary, Mineral Sands Resources (Pty) Ltd (“MSR”). The resource definition drilling is targeting the Inland Strandline areas adjacent to the existing Tormin mining operations, in the Western Cape province of South Africa. Executive Chairman Mark Caruso said, “The drilling results are outstanding and extremely encouraging, indicating a world class heavy mineral sands deposit that demonstrates Tormin could host one of the highest grade inland mineral sands resources in the world. Based on the recent permitting approvals and these drilling results, the expansion of our world class operations at Tormin is imminent”. In January 20202, the Company received registered Prospecting Right 10262PR to explore approximately 12km in length over the Inland Strandline area covering 1741 hectares of the coastal area immediately adjacent to the existing mining operations on the Companyowned farm Geelwal Karoo 262. | |
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