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Titan Uranium Inc.

Publié le 03 mars 2011

FILES NI 43-101 TECHNICAL REPORT ON SEDAR, INDICATED RESOURCE FOR SHEEP MOUNTAIN NOW TOTALS 30.4 MIL

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Mots clés associés :   Uranium | Utah |

 

Titan Uranium files ni 43-101 technical report on sedar indicated resource for sheep mountain now totals 30.4 million lbs

 

 

 

 

 

 

Titan Uranium Inc (TSX-V:TUE, FSE:T4X) is pleased to announce that a Technical Report updating the Indicated Resource at its Sheep Mountain project, has been filed on SEDAR.  The report shows a significant increase to the Mineral Resource at the company's 100 percent owned Sheep Mountain uranium project in Fremont County, Wyoming. The new estimate of Indicated Mineral Resources totals approximately 30.4 million lbs eU3O8 (13,841,000 tons averaging 0.110% eU3O8).  This represents an increase of 14.4 million lbs, a 90.0% increase from the mineral resources previously reported on March 4, 2010.

The report conforms to the Standards of Disclosure for Mineral Properties as stated in National Instrument 43-101.  The estimate was completed by BRS Inc., of Riverton Wyoming.  Doug Beahm P.E, P.G., president of BRS, is the independent qualified person responsible for this estimate, and is the lead author for the technical report.

Most of the additional resources reported here are directly adjacent to the planned Congo open pit and will be available for open pit mining.  A review of economics of these resources will be incorporated into an updated Preliminary Feasibility Study to be completed in the 2nd half of 2011.

Titan is currently at an advanced stage in the preparation of an application to the US Nuclear Regulatory Commission, for a Source Material License.  It is anticipated that the application will be submitted early in the 3rd Quarter 2011.  In addition, Titan plans to commence dewatering of the old mine workings early in the 3rd Quarter 2011.Chris M. Healey, a Professional Geologist licensed in the State of Wyoming, President and CEO for Titan, is the Qualified Person responsible for the technical content of this release.

About Titan Uranium Inc.

Titan Uranium's vision is to be a leading mid-tier North-American uranium exploration, development and mining company. Our mission is to create shareholder value by advancing quality projects to production.

Our growth strategy is driven by three elements:

• Development: A pre-feasibility study has been completed at the Sheep Mountain Uranium Project, Wyoming. The deposit contains a NI 43-101 compliant indicated resource of 30.4 million lbs eU3O8 (13,841,000 tons averaging 0.110% eU3O8) (see Titan press release January 20, 2011).

• Exploration: The goal is to discover world class uranium deposits by exploring over 1.0M acres of land in the proven Athabasca and prospective Thelon Basins. Exploration programs are also active in Utah and Wyoming.

• Consolidation: The Company is actively pursuing M & A opportunities and focused on uranium-friendly jurisdictions such as Saskatchewan and Wyoming.

Titan has gained market recognition for its ability to attract strategic partners to participate in the exploration of its properties. Japan Oil, Gas and Metals National Corporation and Mega Uranium Ltd. are partners in current exploration programs managed by Titan.

Titan is well-financed and ideally positioned to emerge as a pre-eminent player in the uranium industry.

ON BEHALF OF TITAN URANIUM INC.

Chris M. Healey, President

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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