bjl
1 month ago
CDSG PLANS HIGHLY PROFITABLE GOLD PRODUCTION IN WESTERN TANZANIA
Las Vegas, NV., April 22, 2024 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to announce CDSG has entered into a co-production agreement with a company based in Tanzania to recover gold from the processed tailings within the heart of the gold region of Tanzania.
The Company is presently planning a 200 ton per day Carbon in Pulp (“CIP”) processing plant that will serve to initially process 20,000 - 30,000 tons of tailings annually. CDSG has begun sourcing out prefabricated CIP plants that are available. Typically, CIP plant costs include all materials, shipping and construction. Operating costs per gold ounce for the CIP plant is anticipated to be extremely low, between $400 - $500 per ounce, which will allow the company to achieve robust profits per ounce.
The processing project is located in the northwest of Tanzania within a world class region containing many large gold deposits including the Geita mine, operated by AngloGold Ashanti, a deposit which has been in operation for over 50 years and still contains 9.9 Moz of gold resources and the Bulyanhulu mine containing gold, silver and copper operated by Barrick Gold.
Recently, a CIP pilot test program at the site proved very effective in recovering gold at the site. CDSG intends to rapidly develop positive cash flow for the company. Predicted annual operating costs of under $2.0 million could generate over $5 million in positive cash flow which could run for 7 to 10 years.
Harp Sangha, Chairman of CDSG states, “This step into gold production is game changer for the company. The market conditions are excellent for low-cost gold production and nearby to the CIP plant our local geologic team has identified at least 7 other gold targets which will allow us to expand our production efforts in the area.”
About the Company: China Dongsheng International Inc. (OTC Markets: CDSG), through its wholly owned subsidiary Titan Lithium, Inc., is a lithium explorer and developer with operations in Nevada, USA and The United Republic of Tanzania.
https://finance.yahoo.com/news/cdsg-plans-highly-profitable-gold-130000796.html
bjl
2 months ago
CDSG PROVIDES A CORPORATE AND STRATEGIC UPDATE FOR 2024
Las Vegas, NV, April 18, 2024 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to provide a corporate update regarding a number of significant business items.
On April 3rd 2024, the company filed our Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) and we anticipate the Form 10 will be fully effective in June of this year. The Form 10 includes important information about the company’s business, assets, strategy, and historical financial results. Sept 30th 2024 will mark the company’s fiscal year end and the filing of the financials on or before December 31st 2024 with thus mark the second full year of providing audited financial statements to the SEC. We fully anticipate, that after the year end filing, and with the capital assets on the books, the company will then to be able to apply for a Nasdaq or CBOE listing in 2025.
CDSG management is keenly aware the macro climate for resource investment and development is shifting in favor of precious metals and copper. Precious metals miners and explorers are entering an upswing in value and a new cycle of intensive capital allocation for such projects has begun.
CDSG management has extensive experience in the development of precious metals and holds knowledge of quality projects shelved in the past due to market downturns. Thus, moving forward, the company intends to add precious metal projects to our portfolio with an emphasis on previously known projects, as well as strategic joint ventures and acquisitions of production-ready projects. Targeted regions span key geologic areas of known mineral wealth and recent discoveries.
About the Company: China Dongsheng International Inc. (OTC Markets: CDSG), is a mineral explorer and developer with operations in Nevada, USA and The United Republic of Tanzania.
Contact:
Harp Sangha-Chairman
sanghaharp1964@gmail.com
+1-702-595-2247
https://finance.yahoo.com/news/cdsg-provides-corporate-strategic-2024-130000970.html
Mr. Zen
2 months ago
Well, great, That press release was over everyone's head and was hard to make sense of
Not familiar with XRD analysis, so I am going to wait for third party evaluations of the findings
This sounds good::
The XRD results indicated that Lepidolite, a micaceous lithium bearing mineral as well as Spodumene, a pyroxene mineral commonly associated with lithium bearing pegmatites occur along with Hectorite within the clay horizons. The composite abundance of these three minerals ranged from less than 1% up to 15% of the clay horizons on the Titan projects with the average abundance observed across the various horizons at Titan 1 recorded at 6.3% and 8.8% at Titan 2. For both projects, the lithium minerals were recorded in every sample and a general trend of increased abundance of the lithium-bearing minerals was returned as we went deeper from the surface.
But is it a Mine?
If it is a mine of potential I would expect to see partnership drilling operations....Mine developers should be falling all over themselves to partner up, I have heard nothing and drilling 20 auger holes over a 75 mile wide swath of land does not cut it for a years work.
bjl
2 months ago
X-Ray Diffraction Test Work confirms widespread Lithium bearing minerals at Titan Lithium Projects
Las Vegas, NV. , April 15, 2024 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to announce the X-ray diffraction (XRD) results for various selected samples from its auger drill program conducted at the both the Titan 1 and Titan 2 projects in Tanzania. The aim of the analysis was to identify and quantify the lithium bearing minerals present at the projects that have resulted in the anomalous lithium values as previously reported at the projects. The results confirm Lepidolite, Spodumene and Hectorite as the predominant Lithium bearing mineral species.
As previously reported, an independent analysis from Advanced Spaceborne Thermal Emission and Reflection radiometer (“ASTER”) spectral data over the Titan projects defined anomalies both coincident with our 2023 soil analysis and, as well, highlighted key lithological and mineralogical assemblages associated with lithium mineralization such as hectorite.
The Auger drill program examined the top geologic horizons of the deep Titan basins that underlie portions of the large ASTER and soil anomalous regions on the two projects. The program was generally able to penetrate down to 40 feet and geologic observation recorded mainly a stratum composed of gray, to reddish brown to gray green clay horizons within the recovered material.
Forty-seven (47) samples were selected for XRD analysis from various depths within 17 auger holes on the Titan 1 project and 3 auger holes on the Titan 2 project. X-ray Diffraction (XRD) is method of mineral identification whereby dry powered samples are bombarded by X-rays over a range of angles to determine the different crystal structures their abundance present in a sample. Additionally, 15 sample duplicates were run for quality assurance.
The XRD analysis was performed by the University of Dar es Salaam, which has a fully equipped lab which enables them to test a wide range of ore types, with their recent focus on the growing lithium sector.
The XRD results indicated that Lepidolite, a micaceous lithium bearing mineral as well as Spodumene, a pyroxene mineral commonly associated with lithium bearing pegmatites occur along with Hectorite within the clay horizons. The composite abundance of these three minerals ranged from less than 1% up to 15% of the clay horizons on the Titan projects with the average abundance observed across the various horizons at Titan 1 recorded at 6.3% and 8.8% at Titan 2. For both projects, the lithium minerals were recorded in every sample and a general trend of increased abundance of the lithium-bearing minerals was returned as we went deeper from the surface.
Craig Alford, MSc, PGeo, and CEO of the Company, a Qualified Person under NI 43-101, noted “The XRD results from the Titan volcano-sedimentary clays are very encouraging and intriguing. Mineralogical studies will continue to be part the company’s exploration efforts as it will help guide further analytical assessment for future deep drilling as well as any potential future production methodologies that we may test.”
About the Company: China Dongsheng International Inc. (OTC Markets: CDSG), through its wholly owned subsidiary Titan Lithium, Inc., is a lithium explorer and developer with operations in Nevada, USA and The United Republic of Tanzania.
https://finance.yahoo.com/news/x-ray-diffraction-test-confirms-145100683.html