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- Tao Commodities (TAO) has announced that Hyperion Metals has begun drilling at the Titan Heavy Mineral Sands Project in Tennessee, U.S.
- In mid-September, Tao revealed it had acquired an option to purchase 100 per cent of Hyperion via a $2 million payment and the issue of more than 25 million shares
- This drilling program will be overseen by a team of seasoned geologists who have more than 60 years combined experience in heavy mineral sand projects across the U.S.
- Further, Hyperion has engaged M&W Drilling to undertake a sonic core drilling program
- This program will consist of roughly 20 holes to follow-up on historic exploration carried out by BHP and Dupont, and outline further targets
- Drilling is expected to be completed by November, with core being sent for heavy mineral separation and mineralogical analysis during over the current and upcoming quarters
- Tao is up a slight 1.41 per cent on the market with shares trading for 36 cents each
Tao Commodities (TAO) has announced that Hyperion Metals has begun drilling at the Titan Heavy Mineral Sands Project in Tennessee, U.S.
In mid-September, Tao revealed it had acquired an option to purchase 100 per cent of Hyperion via a $2 million payment and the issue of more than 25 million shares.
The 2100-acre Titan Project hosts both titanium and zircon which are respectively used in the production of pigment and paints, and ceramics.
This drilling program will be overseen by a team of seasoned geologists who have more than 60 years combined experience in the exploration and development of heavy mineral sand projects across the U.S.
Further, Hyperion has engaged M&W Drilling to undertake a sonic core drilling program.
This program will consist of roughly 20 holes to follow-up on historic exploration carried out by BHP and Dupont and outline further targets.
Drilling is expected to be completed by November, and core will be sent for heavy mineral separation and mineralogical analysis during over the current and upcoming quarters.
Results will be released to the market as soon as they become available.
Tao is up a slight 1.41 per cent on the market with shares trading for 36 cents each at 11:07 am AEDT.
