- Titanium Sands (TSL) has shipped 468 samples for heavy mineral analysis, to be partly included in an upgraded resource estimate for the company’s Sri Lanka project
- The company received regulatory approvals and shipped the first samples from Columbo Port, Sri Lanka to Cape Town, South Africa
- The samples were part of the company’s reverse circulation (RC) Aircore drilling program being completed
- Visual logging was consistent with previous drilling, with observed concentrations of minerals throughout
- Shares closed 4.35 per cent higher at 2.4 cents each
Titanium Sands (TSL) has shipped 468 samples for heavy mineral analysis, which will partly be included in an upgraded resource estimate for the company’s Sri Lanka project.
The company received regulatory approvals and shipped the first samples from Columbo Port, Sri Lanka to Cape Town, South Africa.
The samples were part of the company’s reverse circulation (RC) and aircore drilling program being completed in Sri Lanka.
Visual logging was consistent with previous drilling, with observed concentrations of minerals throughout.
Sample preparation was completed in the company’s onsite laboratory and will be sent to the reporting laboratory in South Africa for heavy mineral analysis.
The results from this will partly form the basis of the updated resource estimate for the project.
The samples are expected to arrive in South Africa next week.
Managing Director Dr James Searle said he was pleased with the shipment.
“As the visual logging observations remain consistent with previous drilling programs, it is anticipated a significant portion of the program will deliver conversion of the resource from Inferred to Indicated category,” he said.
“We are very eager to receive the results of the first shipment once all samples have been analysed in South Africa in the coming weeks.”
Shares closed 4.35 per cent higher at 2.4 cents each.