|TNRI has some news. First in Four Months. Could move the stock from its lowly position.|
TNRI NEWS... Titan Resources International Corp Signs Mining Option Agreement
Date : 09/21/2011 @ 8:30AM
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.
Titan Resources International Corp.