Titan Resources International Corp Signs Mining Option Agreement
21 9월 2011 - 9:30PM
Marketwired
Titan Resources International Corp. (PINKSHEETS: TNRI) (FRANKFURT:
36T1) is pleased to announce that it has signed a mining option
agreement for 50% of a mining claim in the Slocan Area of B.C.,
Canada.
This agreement will increase the company's assets for a mining
claim neighboring its Dinty Moore Property. The claim covers
approximately 200 hectares located west from the Dinty Moore
Property in B.C., Canada, Half way between Zincton and Retallack.
The property comes with all favorable geo-strategic characteristics
including a very good road structure that provides great access to
the property and to the operating facilities located nearby.
The geology of the property is quite similar to that of the
existing company's property and offers an excellent exploration
potential to discover previously unknown mineralization. Mines in
the Slocan district exploited steeply dipping high grade
silver-lead-zinc veins and replacement deposits hosted in shales
and limestone of the Slocan group. It is expected that mineable
deposits on the property will possibly be extensions of known
near-surface veins or a new vein-hosted target obscured by
overburden. Geological reports describing this area have indicated
unexplored ore possibilities existing around past silver-lead-zinc
producers in the region with the probability that the deposits
extend beyond the main centers.
Indications are that the east side of the property has
appreciable probability for the possible further extension for the
Horse Shoe vein with a potential for a similar style of high grade
mineralization of Silver. The middle and western part of the
property have not seen much exploration work as the presence of
thick overburden slowed significant extensive exploration in the
past. This gives the company a significant potential for new
discoveries.
CEO and President Bill Akrivos stated, "This new project is a
continuation of the Dinty Moore Streamlining from the west. We have
now expanded our presence in the Slocan area and are extremely
pleased that we can increase our presence and position with a good
possibility for many occurrences of significant mineralization. The
overall goal is to increase company growth and shareholder value;
this new project will set us closer to those desired goals. Further
information of the new projects will be released shortly and
disclosed on our company website."
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. 416-477-1028
Website: http://www.titan-resource.com
Titan Resources (CE) (USOTC:TNRI)
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