Titan Releases Information From the Company's Recently Completed 2008 Exploration Program and Written Report on the "Norgold" Pr
20 3월 2009 - 7:00PM
Marketwired
Titan Resources International Inc. (PINKSHEETS: TNRI) (FRANKFURT:
36T1) -- The Norgold property is a prospective gold property and
consists of 40 mining claims covering approximately 700 hectares,
located in the Napanee Lake area of the Sault Ste. Marie mining
division of Northern Ontario, Canada; an area that is well known
for its favorable geology for hosting gold mineralization.
The 2008 exploration program included line cutting, the
establishing of a working grid, and the subsequent geophysical
testing of the prospective zones.
The 2008 program was successful in the confirmation of the
existence and location of the conductive zone (geophysics) as well
as the presence of gold mineralization (sample assays).
The program also included a moderate rock and soil sampling
program, from along the conductive zone. Results of the sample
assays have been previously released.
Titan will continue with the exploration of the property by
completing additional ground geophysics, and collecting a much
larger number of samples from the mineralized zones, possibly by
way of trench sampling, as well as further prospecting of the area
in and around the old mine workings.
Also recommended by the report is the consideration, for the
next stage of exploration, that Titan retain the services of a
Geologist to act as the "Qualified Person," under the guise of the
National Instrument 43 101 (NI 43 101) to assist with the
reconciliation of the existing information, as well as involvement
in the next stage exploration on the Norgold property, moving the
project closer to feasibility.
These steps and the additional work planned, summarize the
recommendations proposed to complete the exploration phase on the
Norgold property, prior to drilling.
About Titan:
Titan Resources International Inc. is a publicly traded resource
exploration company dedicated to the acquisition, exploration and
development of small to medium size precious metals properties of
exceptional merit in North and South America. Please visit our
company web site at www.titan-resource.com.
This news release contains forward-looking statements.
Forward-looking statements are statements which relate to future
events. In some cases, you can identify forward-looking statements
by terminology such as "may," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential" or
"continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. While
these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our business, actual results
will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance
suggested herein.
Contact: INVESTOR RELATIONS Titan Resources International Inc.
(866) 365-4724 Website: http://www.titan-resource.com
Titan Resources (CE) (USOTC:TNRI)
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