Titan Resources International Corp. Enters Into Option Agreement for Silver Property in British Columbia, Canada
17 12월 2010 - 10:00PM
Marketwired
Titan Resources International Corp. (PINKSHEETS: TNRI) (FRANKFURT:
36T1) -- Titan Resources is pleased to announce that the Company
has signed a Mining Option Agreement for a silver bearing property
located in BC, Canada.
"We are pleased that the outcome of our negotiation process
resulted with a contract that secures 66% of interest on a viable
mining property situated in a well known and historically proven
mining area," said CEO of Titan Bill Akrivos.
The Property is geographically well positioned in an area with
numerous past producers, historic mineral showings and current
operating mines in the Slocan Area of BC, Canada, half way in
between Zincton and Retallack, an abandoned mining community 18
kilometers northeast of New Denver. Present Road structure in this
region is providing a good access to the property and to the
smelting facilities located nearby.
This area had a small scale mining remained viable for many
years because of the richness of the ores. In the Slocan City area,
more than half of the 125 occurrences were mineral producers -- 13
mines have produced more than 1 million grams of silver.
The property is strategically located approximately 500 meters
along strike from a well known showing called the "Horse Shoe Vein"
which has been explored in the past, thus still shows a great
exploration potential. The silver mineralization in the area is
related to quartz, carbonate veins that strike northwesterly and
cut the sedimentary units in the area. Recent work in the area has
indicated that the economically viable mineralization may be
continuous onto the optioned property.
"A very good strategic and geographic location of the property
is one of the important factors which will allow us to implement
our property development plan quickly, without any time and efforts
spent on establishing access to the property. Extensive exploration
work on the property will begin immediately and will be followed by
regular updates as we move forward. We feel that this agreement is
very important for Titan's exploration plans. It provides a solid
base for a comprehensive exploration on this well located and
highly prospective property, while allowing the Company to maintain
exploration focus on the Norgold property. Further property
development should enhance the company's transformation into a
company with a respectful portfolio of projects with low-cost,
growth-oriented development strategy," said CEO of Titan Bill
Akrivos.
About Titan Resources International Corp.:
Titan Resources International Corp. 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. (647)933-5043
Website: http://www.titan-resource.com
Titan Resources (CE) (USOTC:TNRI)
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