Titan Resources International Corp. Updates on B.C. Properties
17 1월 2012 - 11:45PM
Marketwired
Titan Resources International Corp. (PINKSHEETS: TNRI) is pleased
to update their shareholders on future mining activities for its
properties in B.C., Canada.
As a result of the unfavourable results from the airborne survey
and exploration work that was completed we have decided to cease
further development of the Dinty Moore project. Since there were no
areas of merit to warrant further exploration and due to limited
resources, Titan Resources did not fulfill their obligation towards
the 2011 option payment. Subsequently, it will no longer be an
active project pursued by our company.
Our geologist did advise that the MT-1-BC property could be an
area of potential to expand our vision and add additional work
programs for further exploration. Currently, the project is being
reviewed by Company management to decide on the proper plan of
action to be taken.
CEO and President Bill Akrivos stated, "We have found other
areas of interest on and around the property and are currently
putting together a work program. As per the advice from our
geologists this particular area does warrant further explorations.
Aside from the MT-1-BC project, we are also in negotiations to
expand our presence in this area. Details will be released shortly
once negotiations have been concluded. We will diligently work
towards the acquisition of projects that would be beneficial for
the growth and future of both the Company and shareholders."
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 Information: Titan Resources International Corp.
416-477-1028 Website: http://www.titan-resource.com
Titan Resources (CE) (USOTC:TNRI)
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