TTM Resources Inc.
TSX-V Symbol TTQ
Frankfurt Stock Exchange Symbol T2U
United States Clearing Symbol TTMRF
Shares Issued and Outstanding 37,782,000
PRESS RELEASE September 17,
2007
Corporate Office:
#520 - 700 West Pender St
Vancouver, BC Canada V6C 1G8
Tel: (604) 685-5851 Fax: (604) 685-7349
Toll Free: (888) 685-5851 email: ir@urg.ca web:
http://www.ttmresources.ca
HIGH GRADE MOLYBDENUM IN CHU 07-19 INTERVAL INCREASED TO 504.0 METERS of
0.109% MO
CHU 07-20 INTERSECTS INTERVAL OF 108.9 METERS of 0.127 % MO INCLUDING
14.4 of METERS 0.294% MO
CLARIFIES FINANCIAL POSITION
W. K. Crichy Clarke, President and CEO of TTM Resources Inc. ("TTM" or
the "Company"), is extremely pleased to announce assay results for
drill hole CHU 07-20 and complete results from CHU 07-19 from the Phase
2 drill program at its 100% owned Chu Molybdenum Project 65 Km Southwest
of Vanderhoof, British Columbia, Canada.
As previously reported on August 22, 2007, "The immediate object of the
current Phase 2 drill program is to define sufficient tonnages of
high-grade, near-surface Mo mineralization in the hole 07-19 and 07-13
areas, which could be considered as open pit material." In order to
help distinguish these two areas, the results will henceforth be named
and reported on as CHU WEST, representing the 07-19/06-06 area, and CHU
EAST, representing the 07-13/07-14/06-10/06-12 area 750 meters to the
southeast.
Drill hole CHU WEST 07-20 was drilled at an Azimuth 250 degrees and a
dip angle of -45 degrees to test the width of the quartz-molybdenum
stockwork zone which strikes northwest and hosts the significant
molybdenum mineralization at CHU over the discovery's 1700 meter length.
It entered the stockwork zone at 68.6 meters, returned 0.127% Mo over
the next 109 meters. Lower grade molybdenum values of 0.05% Mo were
encountered over the next 71 meters before exiting the stockwork zone.
Assay results for the final 170 meters of CHU WEST 07-19 have been
received and the significant interval is re-stated here as 504 meters
grading 0.109% Mo from 101 to 605 meters. CHU WEST 07-19 was drilled at
an azimuth of 270 degrees and a dip of -70 degrees to test the effect of
north-south trending "feeder" structures cutting through the main
northwest trending quartz-molybdenum stockwork zone.
CHU 07-20 was oriented to provide an estimate of the width and grade of
the stockwork zone while CHU 07-19 was oriented to provide information
on its grade, strike length, and depth.
CHU 07-21 and CHU 07-22 are complete and pending assay results and CHU
07-23 is in progress. All of these holes were drilled at a dip angle of
-45 degrees to test for additional near surface high grade molybdenum
mineralization in this area.
The second drill rig started on September 13, 2007 in the CHU EAST area
(CHU-E00l currently at a depth of approximately 200 meters) and is
testing the main stockwork zone where CHU 06-13 encountered 384 meters
grading 0.096% Mo, CHU 06-11 encountered 101 meters of .098% Mo, and CHU
06-12 encountered 89 meters of .113% Mo to the southeast of the CHU WEST
drilling area. A number of holes are planned in this area as it appears
to indicate the same type of structures as the CHU WEST zone. The
program will test depth as well as length and width.
The IP survey covering the existing area, as well as some areas of the
property that have not been tested as yet, is expected to start the
week of September 24th, 2007 in an effort to better understand the
existing and surrounding areas of the property.
A Drill Plan map is provided on the Company's website at
http://www.ttmresources.ca/img/chu/chu_drill_plan1.pdf
Financial Position
The Company would also like to take this opportunity to clarify its
financial position. The proceeds of the previously reported April 2007
Private Placement, were invested in Bank of Montreal Government
Investment Certificates. The Company has absolutely no investment risk
associated with any of its shareholder equity.
Terrace Update
The Company is in receipt of the initial interpretation of the Air
Magnetics Survey from its 100% owned Terrace Project and is currently
reviewing the information. Soil sampling and mapping has commenced at
Terrace and will continue over the next two weeks. A full analysis of
the Air Magnetics is underway. The results will help determine the scope
and direction of the planned 2008 exploration program.
Analyses of samples from the current program are completed at Eco-Tech
Laboratory Ltd. in Kamloops, BC. Quoted intercepts are based on
analytical analyses for molybdenum. Full assays for molybdenum were run
on any molybdenum analyses that exceeded 500ppm. The Company has in
place a comprehensive quality assurance/quality control program
including standards, blanks and duplicate samples that form part of the
sampling protocol. In addition, the laboratory has its own quality
assurance program. The field program is supervised by Richard Beck,
BSc.Geology, and Anastasia Ledwon, BSc Geology, of Hungry Hill
Geological Ltd. of Telkwa BC. The technical information in this news
release has been prepared in accordance with Canadian regulatory
requirements as set out in National Instrument 43-101. The technical
information provided in this press release was reviewed by Charles Ikona
(P.Eng.), a qualified person for the purposes of NI 43-101.
For further information visit the Company's web site at
www.ttmresources.ca
TTM RESOURCES INC.
"Crichy Clarke"
W.K. Crichy Clarke
President & CEO
Contact:
Main
W.K. Crichy Clarke, President & CEO
Tom Brady
604) 685-5851 or Toll Free: (888) 685-5851 Fax: (604) 685-7349
Website: www.ttmresources.ca/
Email: ir@urg.ca
Europe
Small Cap Invest Ltd
Alexander Friedrich
49 (0) 69-24 24 93 49
49 (0) 12 12 544 71 04 62
Email: afriedrich@small-cap-invest.com
This communication to shareholders and the public contains certain
forward-looking statements. Actual results may differ materially from
those indicated by such statements. All statements, other than
statements of historical fact, included herein, including, without
limitations statements regarding future production, are forward looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated
in such statements. The TSX Venture Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this release.
.