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By: Richard Mowat | POSTED: 06/16/11 4:05 AM FILED AS: Exploration COMMENTS FEED: RSS 2.0; |
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Titan Mines Limited and Titan Metals Limited are deuce PNG incorporated company very voice in mineral expedition in Papua New Guinea. Both of these company are supported closely by their Australian spouse, ASX listed MIL Resources Limited. Titan Mines owns C% of the Amazon Bay Ironsands labor located in South eastward PNG whilst Titan Metals clutches Exploration Licences and Exploration Licence Applications for amber, Cu and other alkali metal across peninsular PNG, New Britain and New Ireland state. In 2007 ASX listed MIL Resources Limited acquired a 25% involvement in Titan Mines and agreed to acquire up to 90% by backing A.5 1000000 in expedition and rating programmes at Amazon Bay. Additionally MIL control a 50% involvement in Titan Metals and is currently workings closely with the Titan squad. Amazon Bay is an ozocerite expedition mark estimated to be between 3 4 1000000000000 tone of vanadium people magnetite ironsands spanning maiden 150 kilometres of lineation and potentially contains around 200 1000000 MT of magnetite ore. For solon information visit www.titanmines.com
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