Titan Resources International Corp. Announces Initial Results of Airborne Geophysical Survey Data on Its Silver Bearing Property
12 1월 2011 - 11:00PM
Marketwired
Titan Resources International Corp. (PINKSHEETS: TNRI) (FRANKFURT:
36T1) is pleased to announce that the company has completed the
initial analysis of the airborne survey on its silver bearing
property located just outside of New Denver in British Columbia,
Canada. The total surveyed area was 276.5 line-km, and did
include100% of the defined project area.
The successful survey was conducted by Aeroquest International
Limited. Aeroquest is a worldwide leader in the field of
geophysical surveying. The company applies a best-in-class service
resulting in precision mapping of the earth's surface and the
economic concentrations of minerals and petroleum below the earth's
surface. Aeroquest's 150 employees have performed these surveys on
every continent in the world in which explorations activities exist
today. The electromagnetic & magnetic survey was conducted by
using Aeroquest's proprietary AeroTEM III (Mike) time domain
helicopter electromagnetic system. AeroTEM has become the system of
choice for mineral exploration, because of its compact footprint,
multiple axis receiver coils, and on-time measurement capability.
The system has been used successfully for copper (Cu), gold (Au),
nickel-copper-platinum group metals (Ni-Cu-PGMs), poly-metallic
sulphide (Cu-Pb-Zn) and kimberlites (Diamonds) exploration
programs.
"The purpose of this survey has given us the ability to analyze
the data and to define priority exploration and potential drilling
targets. We are very pleased with the initial results," said Bill
Akrivos, Chief Executive Officer of Titan Resources.
Mr. Akrivos continued, "We are now in the process of securing a
Geophysical Consulting company. The company that we have identified
has a highly qualified management and technical team with broad
worldwide experience and extensive experience in the region of
Titan's exploration prospects. We have established a verbal
agreement on all contract conditions and I believe that we will
receive their contract over the next several days. We are excited
to have the opportunity to accelerate our exploration program as
potential exploration targets can be spotted directly off the
properly interpreted airborne results. All technical and graphic
data we have received will be shortly updated on our web site."
Akrivos concluded by saying, "We are right now at an important
point of our company's development. Titan will move ahead with its
plans to fully utilize survey results, plan the next phase of
exploration and get ready for additional work on the property. Any
progress will be followed by adequate shareholder updates."
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 Corp. (647) 933-5043
Website: http://www.titan-resource.com
Titan Resources (CE) (USOTC:TNRI)
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