A pair of rutile properties in northern Chile offer potential for Adex Mining (TSE).
The wholly owned properties, Barranca Negra and La Rosada, are about four kilometres apart. At Barranca Negra, preliminary surface work has indicated a significant reserve averaging 1.02% TiO2. At La Rosada, preliminary surface work has indicated a larger reserve averaging 2.5% rutile.
Adex was created earlier this year through the amalgamation of two juniors, Adonos Resources and Bellex Mining.
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