Seeking to expland its inventory of titanium mineralization, Gossan Resources (VSE) has started ground magnetic surveys and winter road construction at its Kiskitto Lake property in northern Manitoba, about 135 km south of Thompson.
The Kiskitto Lake claims are 30 km west of the Pipestone Lake titanium-vanadium deposit, which is owned by a private corporation formed by the Cross Lake First Nation.
Preliminary reserves at Pipestone are reported as being 450 million tonnes grading 4.42% TiO2, including a central, high-grade zone of 22.7 million tonnes grading 8.72% TiO2, 0.58% V2O5 and 42.7% Fe2O3. Metallurgical tests have been promising, and Gossan hopes to bring the project to the feasibility stage.
Drill holes at Kiskitto this past summer intersected titanium mineralization in two zones, over core lengths of 44 to 178 metres, grading 3.2% to 4.7% TiO2. The two zones, known as Creek and Kis West, will be drilled again this winter, along with several aeromagnetic anomalies.
Gossan and Cross Lake are contesting title to the Pipestone property, in relation to which the Manitoba Court of the Queen’s Bench will hold a hearing in early 1996.
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