- Titanium Sands (TSL) has shipped 468 samples for heavy mineral analysis, which will be part of an improved resource estimate for the company’s project in Sri Lanka
- The company has received regulatory approvals and shipped the first samples from the Port of Columbo, Sri Lanka to Cape Town, South Africa.
- The samples were part of the company’s Aircore Reverse Circulation (RC) drill program nearing completion
- Visual logging was consistent with previous drilling, with mineral concentrations observed throughout
- Shares closed up 4.35% at 2.4 cents each
Titanium Sands (TSL) has shipped 468 samples for heavy mineral analysis, which will be part of an improved resource estimate for the company’s project in Sri Lanka.
The company has received regulatory approvals and shipped the first samples from the Port of Columbo, Sri Lanka to Cape Town, South Africa.
The samples were part of the reverse circulation (RC) drilling and coring program being completed in Sri Lanka.
Visual logging was consistent with previous drilling, with mineral concentrations observed throughout.
Sample preparation was carried out in the company’s on-site laboratory and will be sent to the reporting laboratory in South Africa for heavy mineral analysis.
The resulting results will form part of the basis for the updated resource estimate for the project.
The samples are expected to arrive in South Africa next week.
Chief Executive Dr James Searle said he was pleased with the expedition.
“As the visual logging observations remain consistent with previous drilling programs, it is expected that a significant portion of the program will result in the conversion of the resource from the Inferred category to the Indicated category,” he said.
“We are very much looking forward to receiving results from the first shipment once all samples have been analyzed in South Africa in the coming weeks.”
The shares closed up 4.35% at 2.4 cents each.