Ann: Pure High-Value Titanium Mineral Assemblage at Rosewood, page-128

Hello

It appears unlikely what PTR are primarily seeking extends under that cover. Even though the rock chips are high grade, the iron content may be high there (similar to what MEU might possibly have). Keep in mind drill hole #20 to the south had the highest iron content and PTR called this the "SPZ" zone.

Note: the historic TA001 to TA 003 holes at the bottom (near MEU) show how high the iron content can be. This is 25% iron (Fe) in the ground (rather than 25% iron as a percentage of the HM percentage).

When PTR says hole #20 (24RW020) has 33.8% iron, this is 33.8% of say the 95% pseudorutile grade which is say 95% of the 19.1% HM grade. In other words, the iron content in the ground at hole #20 is around 33.8% x 95% x 19.1% = 6.1%.

Similar, at the far very north, the iron content gets very high, as shown in the history Queenie Tank results at the bottom, with up to 47% iron in the ground.

There is lots of iron around therefore the young sedimentary area in yellow may contain more iron than titanium.