TORONTO, Nov. 21 /CNW/ - Titanium Corporation Inc. (TSXV: TIC) today
announced test results with respect to its ongoing technical programs. The
Company has been conducting a daily sampling program of fresh pipeline
tailings material at the oil sands site since January, 2005. Results to date
from this program indicate an average Total Heavy Minerals content of 34.2%,
in the minus 500 (micro) m plus 45 (micro) m fraction and an improved product
suite comprised of significant levels of zircon and increased levels of the
higher TiO2 content minerals, rutile and leucoxene (as compared with earlier
results from testing of tailings that had been deposited in the tailings
pond). The high percentage of zircon is particularly significant since zircon
is a key economic driver of mineral sands projects.
The average minus 500 (micro) m plus 45 (micro) m fraction of valuable
heavy mineral composition of daily pipeline samples taken from January 1, 2005
to August 31, 2005 is as follows:
Zircon 21.2%
Leucoxene(x) 41.9%
Ilmenite(x) 31.0%
Rutile(x) 5.9%
(x) TiO2 content is as follows: Ilmenite equals 61-68%TiO2;
Leucoxene equals 68-78% TiO2; Rutile equals 95-96% TiO2
Determination of the mineral assemblage of the fresh tailings from the
pipeline is derived from regular samples taken every 2 hours by the oil sands
operator's automated sampler. These samples are then combined on a daily
basis. These daily composites are then subjected to oil removal as well as
slimes and oversize determining steps. The total heavy mineral content is
further derived from the minus 500 (micro) m plus 45 (micro) m sand fraction,
which is then composited in a representative monthly sample that is further
magnetically fractionated and analyzed by independent Australian laboratories,
Ultra Trace (Pty) Ltd. and Geochempet Services. The Daily Sampling program is
an important component of Titanium Corporation's development of its final
process flow sheet.
Another aspect of the Company's continuous development toward finalizing
the specifications of its process flow sheet was the Bulk Sampling program.
The results of the Bulk Sampling program confirmed the Company's ability to
process material directly from the fresh tailings pipeline (see news release
dated September 29, 2005). Approximately 350 tonnes of washed sand,
representing fresh tailings samples, were obtained from the Bulk Sampling Wet
Plant. By utilizing the portable Bulk Sampling Wet Plant together with the
Regina Pilot Plant, the Company now has the capability to quickly assess
tailings at other oil sands sites.
The Company has commenced a drill core analysis program utilizing
existing core samples from the oil sands drill core inventory. The cores are
being analyzed for total heavy minerals content which will enable the Company
to compile an overall resource estimate as well as predict valuable heavy
minerals production resulting from the oil sands operator's mining program.
The Company is also pleased to announce that the international
engineering firm AMEC has been selected to manage the design, engineering and
construction of its mineral processing facilities. AMEC has extensive
experience in both mining and oil sands projects. AMEC is working closely with
the Australian firm R.J. Robbins & Associates which has ongoing responsibility
for process design and engineering. R.J. Robbins & Associates previously
designed the Company's Pilot Plant and Bulk Sampling facilities.
About Titanium Corporation
--------------------------
Titanium Corporation Inc. is a Toronto-based mineral development company
whose shares are listed on the TSX Venture Exchange under the symbol "TIC",
U.S. clearing symbol "TITUF", CUSIP Number: 88833T104. The Company's mission
is to become the first titanium and zircon sand producer from Canada's oil
sands. Through extensive research, including the construction and operation of
a pilot facility, the Company has developed proprietary technology to recover
valuable titanium-bearing minerals and zircon from oil sands tailings. For
more information, please visit www.titaniumcorporation.com .
Disclosure regarding forward-looking statements
Note: This press release contains projections and forward-looking
information that involve various risks and uncertainties regarding future
events. Such forward-looking information can include without limitation
statements based on current expectations involving a number of risks and
uncertainties and are not guarantees of future performance of the Corporation.
These risks and uncertainties could cause actual results and the Corporation's
plans and objectives to differ materially from those expressed in the forward-
looking information. Actual results and future events could differ materially
from those anticipated in such information. These risks and uncertainties are
more particularly described in the Risk Factors section of Titanium
Corporation's Annual Information Form which was filed on SEDAR (www.sedar.com)
January 18, 2005. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the dates
they are made and expressly qualified in their entirety by this notice. The
Corporation assumes no obligation to update forward-looking information should
circumstances or management's estimates or opinions change.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
