China Dongsheng International Inc (OTC:CDSG) Stock Falls After Latest News
China Dongsheng International Inc. (OTC:CDSG) started the week off with the announcement of the X-ray diffraction (XRD) results for the different sample sources from the auger drill initiative at the Titan 1 and Titan 2 projects in Tanzania. The objective of the analysis conducted by the company had been to quantify and identify the lithium-containing minerals present at the projects, which had resulted in the anomalous lithium values reported previously at the same projects.
The results that were generated confirmed the presence of hectorite, lepidolite, and spodumene in the primarily lithium-containing mineral species. In the past, the company reported that an independent analysis conducted by the Advanced Spaceborne Thermal Emission and Reflection Radiometer (ASTER) for spectral data at the Titan projects revealed anomalies that were consistent with the soil analysis conducted by China Dongsheng International in 2023. Additionally, the analysis also highlighted important mineralogical and lithological assemblages related to lithium mineralization, like hectorite.
In the news release yesterday, China Dongsheng International announced that the auger drill program had looked into the top geological horizons at the deep Titan basins in the underlying parts of the large ASTER as well as the soil anomalous regions at the two projects. The program had been able to penetrate as much as 40 feet, and the geological observations that had been recorded revealed a stratum made up of gray to reddish brown to gray green clay areas in the recovered material.
The company revealed that as many as 47 samples had been chosen for the XRD analysis from a total of 17 auger holes from various depths at the Titan 1 project and 3 auger holes at the Titan 2 project. The analysis had been conducted by the experts at the University of Dar es Salaam, which boasts a well-equipped lab.
