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Titan Uranium Inc.

Publié le 30 septembre 2009

Commences Drilling on Green River South Project

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Mots clés associés :   Canada | Uranium | Utah |
NEWS RELEASE

September 30, 2009
 

TITAN URANIUM COMMENCES DRILLING ON GREEN RIVER SOUTH PROJECT

Saskatoon � Titan Uranium Inc (TSX-V:TUE, FSE:T4X) is pleased to announce that drilling has commenced on a twenty one hole exploration drilling program (10,000 feet, 3300 meters).  The program is designed to explore a potential new trend for the on-going evaluation of the Green River South project, Utah.   Rotary drilling is being performed by Caroll Drilling, of Moab UT.  Downhole geophysical logging services are being provided by Hawkins Logging of Cody, WY.

The Green River South property covers over 15,000 acres. The property has excellent accessibility and is located about 90 miles by road from the Shootaring Canyon uranium mill currently owned by Uranium One Inc.

Titan also announces that certain option holders have agreed to the cancellation of an aggregate of 858,333 options to acquire common shares in the capital of Titan.  The options that were cancelled had been held by various directors, officers and employees, pursuant to the Company�s stock option plan, had exercise prices ranging from $0.44 to $2.02 per share and were set to expire between July, 2010 and July, 2011.

About Titan Uranium Inc.

Titan has gained market recognition for its ability to attract strategic partners to participate in exploration on its properties in Canada by virtue of its 1.6 million acre land position and its technical expertise.  The option agreement participants of Titan include: Japan Oil, Gas and Metals National Corporation (JOGMEC), Vale Exploration Canada Inc. (VEC), and Mega Uranium Ltd.  These optionees are expected to contribute $4.7 million in exploration programs managed by Titan in 2009.

Titan recently completed a business combination with UPC (Titan Uranium Inc. PR: August 4, 2009) which adds a number of highly prospective properties, mainly in the United States, to Titan�s portfolio.

ON BEHALF OF TITAN URANIUM INC.

Brian A. Reilly, President and CEO

For further information, please contact:
Investor Relations
Titan Uranium Inc.
Phone: 306-651-2405 or 604-925-1810
Facsimile: 306-651-5105
Email: ir@titanuranium.com
www.titanuranium.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Titan Uranium, 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. Important factors that could cause actual results to differ materially from Titan Uranium�s expectations are exploration risks detailed herein and from time to time in the filings made by Titan Uranium with securities regulators.

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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Titan Uranium Inc.

EXPLORATEUR
CODE : TUE.V
ISIN : CA88832T1057
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Titan Uranium est une société d’exploration minière d'uranium basée au Canada.

Titan Uranium détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont CASTLE PROJECT, R-SEVEN, SAND HILL, BORDER BLOCK PROJECT, VIRGIN TREND PROJECT, BISHOP I, BISHOP II, CARLSON CREEK, FLEMING PROPERTY, KEEFE LAKE, MEANWELL LAKE, ROOK I, THORBURN LAKE, GREEN RIVER SOUTH, EAST SHIRLEY BASIN, THELON, SOUTH FORK et SHEEP MOUNTAIN au Canada.

Titan Uranium est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 30,0 millions CA$ (30,2 millions US$, 22,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 3,27 CA$, et son plus bas niveau récent le 09 juillet 2010 à 0,10 CA$.

Titan Uranium possède 130 501 000 actions en circulation.

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Projets de Titan Uranium Inc.
03/03/2011(Sheep Mountain)FILES NI 43-101 TECHNICAL REPORT ON SEDAR, INDICATED RESOURC...
03/02/2011(Green River North)SELLS HOLLIE CLAIMS TO ENERGY FUELS INC
09/09/2008(Sand Hill) Conjunction with Project Partner Vale, Announce Exploration...
Communiqués de Presse de Titan Uranium Inc.
30/07/2010Grant of 2.675.000 options at $0.155
30/09/2009Commences Drilling on Green River South Project
12/11/2008Signs Second Letter of Agreement with Japan Oil, Gas and Met...
11/08/2008Announces Airborne Survey On Virgin Trend Uranium Project, M...
14/05/2007To Commence Drilling on Carlson Creek Project
13/04/2006(Sheep Mountain)Receives permit to drill Thelon properties
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TSX-V (TUE.V)FRANKFURT (T4X.F)
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