Other Assets

Other assetsArgex Titanium Inc. began as a junior mining exploration company. Argex currently owns two properties, La Blache, Lac Brûle, which are located in Quebec, Canada.

The estimates mentioned below are essentially historical and do not comply with NI 43-101 Mineral Resources and Mineral Reserves and can not be used as such. A competent person did not perform the analysis necessary to classify the historical estimate as corresponding to the current mineral resources. They should therefore be considered only as an indication of the potential for iron titanium ore and not necessarily as an indication of the mineralization of Lac Brulé and La Blache properties.

Lac Brûlé
Argex Titanium’s Lac Brûlé Property covers part of the Labrieville anorthosite complex which hosts known magmatic iron oxide deposits strongly mineralized in titanium. Historical exploration work completed on the property in the 50's and 70's outlined three massive ilmenite lenses. An internal study completed in 2005 following definition drilling completed on Lens A and Lens B reported a historical mineral resource estimate totaling 3.8 million tonnes and having an average grade of 30.1% titanium dioxide (TiO2). 
Since the acquisition of the property by Argex in 2011, drilling campaigns were completed in 2013 and 2014, and more recently in 2016. These indicate the continuity of the mineralization in titanium and iron in constant quality.

La Blache
Argex Titanium owns100% of the TiO2 La Blache property, located in the Manicouagan region in the Province of Quebec. Covering three massive titaniferous magnetite lenses named Hervieux West, Hervieux East and Lac Schmoo, it contains significant iron (Fe), titanium (Ti) and vanadium (V) mineralization.
An historical resource (1964) indicate a 79 million tonne resource of 48% Iron (Fe), 20.5% titanium dioxide (TiO2), 0.36% vanadium pentoxide (V2O5) and 0.19% chromium (Cr). A technical report 43-101 (2011) is available on SEDAR.