PTR Minerals Says Maiden Mineral Resource Estimate Drilling at South Australia Titanium Project Records Highest Intercept at Project

MT Newswires Live

02/17

PTR Minerals (ASX:PTR) said results from its maiden mineral resource estimate drill program at the Rosewood titanium project in South Australia delivered the highest drill intercept recorded at the project, according to a Tuesday Australian bourse filing.

It encountered intercepts of 30 meters at 16% grade of heavy minerals from 12 meters, as well as 33 meters at 15.7% grade of heavy minerals from 10 meters.

The Rosewood West area is located on EL 6715, which is a joint venture between PTR, holding a 70% stake, and Narryer Metals (ASX: NYM), holding a 30% stake.

PTR Minerals' shares fell 2% in recent trading on Tuesday, while Narryer's shares jumped 9%.

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