Titan Resources International Corp. Provides Corporate Update and Work Program Recommendations for the "Norgold" Property
16 11월 2010 - 6:01AM
Marketwired
Titan Resources International Inc. (PINKSHEETS: TNRI) (FRANKFURT:
36T1) -- As President and CEO of Titan Resources International
Corp., I am pleased to provide an update to our shareholders and
the larger investing public regarding the Company's accomplishments
to date and the progress made over the recent months.
Titan conducted a reconnaissance geological mapping of a portion
of the Norgold property which is located near the historic Gold
Rock Mining Camp, about 140 kilometers south of the town of Dryden.
The program ran in the summer of 2010, and gave the company a full
and detailed analysis of the Norgold property, with a glimpse into
the potential of the property, as well as direction as to the next
step in the exploration of the property.
A line cutting and VLF survey was conducted by Major Management
Exploration Services (MMES) in February 2009. The results were
interpreted by the latest report, which also focused on mapping and
sampling of the Norgold property from June 1st to June 3rd and
covered 2.2 kilometers of proposed grid lines; a total of 11
samples were taken for analysis. The report is of the opinion that
"geophysical surveying should be completed over the entire proposed
grid during the fall and winter months. The exact positioning and
orientation of the grid zones should be determined, upon receipt of
all relevant data, in order to test the possibility that the zones
of exploration interest may strike both northeast, as well as
northerly." Titan had previously decided not to renew their
contract with MMES and have engaged the services of another
Geological Service company.
After review, Titan has decided not to proceed with its intent
to acquire the group of claims and mineral rights known as the
"Coopers" property, located in Val-d'or Quebec, Canada, however the
company is currently reviewing similar opportunities and will keep
shareholders abreast of ongoing developments. Please visit the
company web site as additional information and updates will be
posted continuously over the next few weeks.
Organizationally, Titan has accepted the resignation of former
president Rownesie Felicilda, who will continue on with the company
as a director. Titan would like to thank Mrs. Felicilda for her
contributions to the company. Mr. Bill Akrivos takes over as the
new president. Mr. Akrivos has over five years experience dealing
with various mineral, oil and gas exploration companies and
programs and is an ideal candidate to direct the company through
the next phase of development.
I would like to take this opportunity to thank the staff of
Titan Resources International Corp. for their hard work and
dedicated service; to our shareholders for their loyal support and
patience; and to our directors and officers who have maintained a
strong belief and focus in what we are trying to accomplish. We
look forward to a prosperous 2010-11 as we continue to explore and
develop our properties and implement strategies to increase
shareholder value.
About Titan Resources International Corp.
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. Please visit our company website 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: Titan Resources International Inc. (716) 626-3035
Website: http://www.titan-resource.com
Titan Resources (CE) (USOTC:TNRI)
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