Titan Resources Plans Exploration of Abitibi Gold Belt, Val d'Or Property
10 2월 2010 - 8:00PM
Marketwired
Titan Resources International Inc.'s (PINKSHEETS: TNRI) (FRANKFURT:
36T1) option on the "Cooper Gold" property provides the company
with an entry point into the mineral rich mining area of the
Abitibi Gold belt, near Val d'Or in the province of Quebec.
Numerous exploration companies have been finding and mining gold
in the area for many years. The Abitibi Gold Belt hosts countless
small to medium sized exploration and mining companies and is one
of the most active regions in all of Quebec for gold
exploration.
Osisko Mining Corporation recently completed a $403 million
bought deal financing to bring their "Canadian Malartic" gold mine
into production. Canadian Malartic is one of the world's largest
undeveloped resources wholly owned by a junior explorer, and is
located in a mining district near extensive existing
infrastructure.
Osisko's "Malartic" properties had underground production from
1935 to 1983 of over 5 million ounces of gold from four mines
(Canadian Malartic, Barnat, Sladen and East Malartic). Osisko has
completed over 500,000 metres of drilling since commencing their
drill program in March of 2005.
Osisko's published summary of their NI 43-101 report boasts 6.28
million ounces proven and probable gold reserves, with 1.41 million
ounces NI 43-101 indicated gold resource, and 720,000 ounces NI
43-101 inferred gold resource.
Other exploration companies in the area include, Noront
(Windfall Lake), Hinterland Metals (Lockout Gold project), Murgor
and Freewest (Windfall JV), Gold Hawk Resources -- (Barry-Souart
project), Metanor Resources (Barry Gold project), and Jonpol
Explorations. All of these companies have had success in their
search for gold... Titan hopes to be the next company in the area
to share in the rich history.
Most of these junior companies are either in the process of
drilling, or have drilled and are following up with additional
drill programs.
Titan will begin prospecting and recon of the Coopers property
this year by first utilizing the existing historical data. Field
work is expected to commence in spring and continue throughout the
spring and summer months. Grid establishment, IP and Mag will be
applied to the property, together with soil and rock sample
collection.
Titan will update shareholders in a timely manner.
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 website at http://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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