Titan Resources International Corp. Updates on B.C. Properties
(firmenpresse) - TORONTO -- (Marketwire) -- 01/17/12 -- Titan Resources International Corp. (PINKSHEETS: TNRI) is pleased to update their shareholders on future mining activities for its properties in B.C., Canada.
As a result of the unfavourable results from the airborne survey and exploration work that was completed we have decided to cease further development of the Dinty Moore project. Since there were no areas of merit to warrant further exploration and due to limited resources, Titan Resources did not fulfill their obligation towards the 2011 option payment. Subsequently, it will no longer be an active project pursued by our company.
Our geologist did advise that the MT-1-BC property could be an area of potential to expand our vision and add additional work programs for further exploration. Currently, the project is being reviewed by Company management to decide on the proper plan of action to be taken.
CEO and President Bill Akrivos stated, "We have found other areas of interest on and around the property and are currently putting together a work program. As per the advice from our geologists this particular area does warrant further explorations. Aside from the MT-1-BC project, we are also in negotiations to expand our presence in this area. Details will be released shortly once negotiations have been concluded. We will diligently work towards the acquisition of projects that would be beneficial for the growth and future of both the Company and shareholders."
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
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.
416-477-1028
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Datum: 17.01.2012 - 14:45 Uhr
Sprache: Deutsch
News-ID 104833
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TORONTO
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Mining & Metals
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