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TNRI Titan Resources International Corporation (CE)

0.00001
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Titan Resources International Corporation (CE) USOTC:TNRI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00001 0.00 01:00:00

Titan Resources International Corp. Provides Additional Information on the Company's BC Property

20/12/2010 5:47pm

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Titan Resources International Corp. (PINKSHEETS: TNRI) (FRANKFURT: 36T1)

Property Location: The Dinty Moore Property is located in close proximity to two significant past producers for this area, The Wellington and Whitewater Mines situated approximately 1 km to the NE and 2 km to the southeast respectively. The Wellington Mine was active for 42 years from 1892 to 1934. A total of 1779 tonnes of ore produced 3,653,134 grams silver, 124 grams gold, 231,478 kilograms lead and 87,286 kilograms zinc. Whitewater production spans a period from 1892 to 1980. Records indicate about 108 tonnes silver, 54 kilograms gold, 23,132 tonnes zinc, 13,942 tonnes lead, 39 tonnes cadmium and 45 kilograms copper were recovered. 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 of mineralization. Recent work in the area has indicated that modern exploration programs such as geophysics, stream sediment sampling and diamond drilling have the potential to discover previously unknown mineralization. Due to very close proximity to well explored and mined Horse Shoe galena bearing vein which gave ore with 50 ounces of silver per ton. Our property covers the possible extension of Horse Shoe vein with potential for a similar style of high grade mineralization.

Local Geology and Mineralization The regional geology is part of well known and well documented northwest-trending belt of sedimentary rocks called the Slocan Group. These units host the mineralized veins in the area. Mines in the Slocan district exploited steeply dipping silver-lead-zinc veins and silver-lead-zinc veins and replacement deposits hosted in shales and limestone of the Slocan Group.

Mineralization Model The mineralization occurs in quartz and calcite veins in shear zones that cut the Slocan sediments and trend northeast-southwest. The main mineralization includes galena, sphalerite with lesser pyrite, and chalcopyrite. Upper parts of the veins also contain ankerite. Silver is associated with the galena.

Exploration history Exploration work on inaccessible properties and properties without visible showings during the past two centuries was done in a traditional way by prospecting without application of advanced scientific knowledge and sophisticated exploration techniques. In addition, fragmented claim ownership and the presence of thick overburden slowed significant extensive exploration. As a result, the Dinty Moore Property has not been well explored and has potential for new discoveries. Expected mineable deposits will possibly be extensions of known near-surface veins or a new vein-hosted targets obscured by overburden.

Recent work on surrounding mining properties confirmed the occurrence of precious metal bearing veins, with potential to identify viable economic reserves. During an exploration program conducted by a neighboring company and reported in the BC Government files two samples of heavy mineral material were collected from two streams that drain the Dinty Moore Property. Results reported from the fine grained material showed 12.8 g and 12.2 g of gold respectively. Both samples gave over 21 g of silver.

Inadequate exploration work on this particular property boosts the chances for ore discovery and The Company is aiming to take advantage of modern exploration techniques to quickly complete appropriate exploration phases prior to drilling. The Company intends to explore its projects to their fullest potential to realize their greatest value in the best timelines with consideration to the current economic conditions.

"We are ready to take advantage of the rising silver price, and the Company's focus in the near future will be given to our property in the Slocan District of British Columbia, which produced more than 73,305,455 ounces of silver and still has a great chance for many occurrences of significant mineralization," said Bill Akrivos, CEO.

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

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