Titan Resources International Corp. Announces LOI to Expand BC Project
20 1월 2012 - 2:30AM
Marketwired
Titan Resources International Corp. (PINKSHEETS: TNRI) is pleased
to announce that is has signed an LOI to expand its presence in a
prolific British Colombia mine situated close to New Denver, BC.
The Company has entered into an LOI to acquire up to 75% of
several contiguous mining claims of a highly recognized property.
Historically speaking, approximately 500,000 tonnes of ore have
been extracted from this region over the last century. Our research
in this area has shown over 100 tonnes of silver being extracted
and along with gold, zinc, and copper.
The term of the LOI is 90 days. During this time we will conduct
our due diligence and continue to source other acquisition targets
that will complement our current project. Due to the recent rise in
commodity prices there has been a resurgence of commercial mining
activity in the region and we feel confident that this trend will
continue.
CEO and President Bill Akrivos stated, "Regardless of what
happened with our last project we still remain in a good position
with our current MT-1-BC property. Many other areas and projects
have been brought to our attention and have all show good
potential. At this point we will review all possibilities to pursue
the best scenario for Titan and its 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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