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Titan Uranium Inc.

Publié le 14 mai 2007

To Commence Drilling on Carlson Creek Project

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Please find below the May 14, 2007 news release from Titan Uranium.

 

Titan is a well-capitalized Saskatchewan-based uranium explorer with a very dominant property portfolio in the southwest portion of the Athabasca Basin.  Dejour is the largest Titan shareholder, holding 17.5-million shares and three-million warrants representing approximately 34% of Titan’s approximately 52-million shares outstanding.

 

In addition to becoming a major shareholder in Titan, Dejour will be the beneficiary of a 1% NSR and a retained 10% working interest in each property it is contributing to Titan to the point of a completed bankable feasibility study. Carlson Creek is one of such contributed properties.

 

________________________________________________________________________________________________________________________________________________________

 

Titan Uranium Inc. To Commence Drilling on Carlson Creek Project

 

Saskatoon, Saskatchewan, Canada, May 14, 2007 Titan Uranium Incorporated (“Titan”) (TSX-V: TUE, TUE.WT.A) is pleased to announce that drilling is scheduled to commence on or about May 17, 2007 on the Carlson Creek project located 20 km along trend of Cameco’s McArthur River mine, the world’s largest and highest grade uranium producer.

 

The Carlson Creek project area is located in the east Athabasca Basin, home to all of Canada’s current uranium production. In addition to its proximity to the McArthur River mine, the property is adjacent to the JCU (Canada) Exploration Christie Lake property which hosts the Paul Bay uranium deposit (Saskatchewan Mineral Deposit Index- #2654 quoted as 212,941 tonnes grading 3.53% U3O8; 16,570,000 lbs U3O8).

 

The drill targets on the Carlson Creek property are EM conductors defined by a 2006 airborne VTEM survey. These basement electromagnetic anomalies do not appear to have been detected by previous lower-powered geophysical surveys. Importantly, the Paul Bay structure can be traced on to the Titan property where it intersects the conductors, an ideal location for unconformity style uranium mineralization.

 

Initially 2000 metres of drilling is planned where at least three drill holes will test the EM conductor axis/structure intersections. The depth to the unconformity is estimated at 420 metres.

 

J. Allan McNutt, P.Geo., M.A, Sc. is the qualified person for this project.

 

__________________________________________________________________________________________________________________________________________________________ 

 

About Dejour

 

Dejour Enterprises Ltd. is a micro cap Canadian company focused on oil & gas exploration and production with a significant investment in uranium discovery. The company acquires high-impact energy assets and strategically monetizes them through partnerships and co-ventures to limit exposure and enhance returns.

 

Dejour has significant holdings in three of the world's premiere energy resource regions. This includes 288,000 gross (60,000 net) acres in the Piceance and Uinta Basins, a vast natural gas play in North America; and a major interest in Titan Uranium Inc. (TSX-V: TUE), with 1.44 million acres in the Athabasca and Thelon Basins, the world's most recognized areas for uranium exploration. Finally, the company is pursuing high impact natural gas opportunities in Canada's Western Sedimentary Basin, known as the Peace River Arch Projects, comprising of 49,000 gross acres.

 

The Company is listed on the TSX Venture Exchange (DJE.V), OTCBB (DJEEF), and Frankfurt (D5R).  Dejour is a reporting issuer to the SEC.   Refer to www.dejour.com for company details or contact the Office of Investor Relations at investor@dejour.com 

 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

 

 

Robert L. Hodgkinson, Chairman & CEO

DEJOUR ENTERPRISES LTD.

Suite 1100-808 West Hastings Street, Vancouver, BC Canada V6C 2X4

Phone: 604.638.5050  Facsimile: 604.638.5051  Email: investor@dejour.com 

 

 

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Confidentiality Warning:  The contents of this transmission is confidential information intended only for the recipient. 

All other recipients are prohibited from disclosing, copying, distributing or taking any action in reliance on the contents. 

If you are not the intended recipient, please notify the sender immediately.  Thank you.

 

 

 

 

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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