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Titanium Sands Ltd.
Summary
| Project: | Mannar Island | |
|---|---|---|
| Deposit: | Mannar Island | |
| Location: | Sri Lanka | |
| Commodities: | Ilmenite-Leucoxene-Rutile-Zircon | |
| Date: | 2/5/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-2-2020: Titanium Sands Ltd. announces an Exploration/Drilling Update report for its Mannar Island deposit at the Mannar Island project. Assay results received from first 181 drill holes. TSL Managing Director, Dr James Searle said : “These initial RC ai | |
| Resources: | (Resource, I+I): 90.03Mt @ 6.60% THM | |
| CP/QP: | [Overall Report]: James Searle (Internal) | |
| ABSTRACT: | TSL Managing Director, Dr James Searle said : “These initial RC aircore results are extremely encouraging as they demonstrate the major depth potential to greatly increase the previously reported surface exposed mineralisation on the Mannar Island Project.” As previously reported (ASX:TSL 20/12/19) a total of 473 RC aircore drill holes were completed on the Mannar Island Project (Figure 1). The results from the first 181 holes received (Figure 2) include tenure that is being acquired subject to approval by shareholders at the EGM to be held on 21st of February 2020. Drilling was carried out as part of the due diligence investigations in 2019. The assay results received from the first 181 RC aircore drill holes (Figure 2) have demonstrated the resource zone on Domain 2 is over 8km long and is underlain down to around 8 to 9m by unconsolidated sands with consistently between 3.2% and 7.6% Total Heavy Mineral (Figure 3). The previously reported visual logging down to depths of 12m below surface within the target holes (Figure 3) indicate further heavy mineral concentration below the limit of accurate sampling in the RC aircore holes to date. | |
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