Titan Uranium Inc. ("Titan" or the "Company") (TSX VENTURE:TUE)(FRANKFURT:T4X),
a North American generative explorer, is pleased to announce that drilling has
commenced on the Company's Sand Hill Lake project. The project is the subject of
an agreement between Titan and Vale Exploration Canada Inc. ("VEC"), an
affiliate of Vale Inco Limited, each a wholly-owned subsidiary of Vale S.A.
("VALE") (NYSE:VALE). VEC can earn a 60% undivided interest in the project by
funding Cdn $12 million in exploration over a five year period (Titan Uranium
Inc. PR, April 11, 2008).


Major Drilling Ltd. has mobilized the drilling crew and equipment to the site
and the first hole of this program was collared August 14, 2009. About 835
metres of drilling is planned on this phase of the project, which is operated by
Titan. Previous drilling has intersected significant alteration, anomalous
pathfinder elements and elevated uranium values in the sandstone rocks above a
regional basement graphitic horizon. The sandstone and basement rocks show
evidence of faulting, features that are typically seen in the vicinity of
unconformity style uranium mineralization.


The Sand Hill Lake project includes the Sand Hill Lake and Rook II properties
(20 claims totaling 84,224 hectares/208,122 acres) and is located in the
southern central portion of the Athabasca Basin in north Saskatchewan. The
project is adjacent to the Cameco Corp./Areva Resources Canada Inc./Formation
Capital Corp. Virgin River property that hosts the Centennial deposit where the
highest grade-thickness intervals reported to date are found in hole VR-031W1
which intersected 7.62% U3O8 over 17.8 metres (Formation Capital Corp. PR, March
26, 2009). Cameco has advised its partners that a conceptual study is planned
for the summer of 2009 to assist in determining the potential economic viability
of a uranium deposit in this region (Formation Capital Corp. PR, June 25, 2009).


Rodney R. Koch, P. Geo., B.Sc., is Titan's Qualified Person (as defined by
National Instrument 43-101) for uranium projects and is responsible for the
technical information contained in this release.


About Vale Exploration Canada Inc.

VEC is a wholly-owned subsidiary of Vale, the world's second largest mining
company by market capitalization with its headquarters in Brazil. Vale reported
revenues of US$38.5 billion and net earnings of US$13.2 billion as of December
31, 2008. Vale is committed to the pursuit of sustainable growth by operating
with respect for the natural environment and being an ethically and socially
responsible company.


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 announced a business combination with UPC (Titan Uranium Inc. PR,
August 04, 2009) which adds a number of highly prospective properties, mainly in
the United States, to Titan's portfolio. Prime among these is a 50% interest in
the Sheep Mountain deposit which has an NI 43-101 compliant Inferred Resource
(on a 100% basis) of:


4,560,000 tons, average grade of 0.17% eU3O8, (15.6 million lbs contained U3O8).

This resource estimate was reported in a technical report on the Sheep Mountain
uranium project, prepared for UPC by Scott Wilson Roscoe Postle Associates Inc.
and authored by C. Stewart Wallis, P. Geo. dated October 10, 2006. Additional
information including the estimation method and cut-off grade may be found in
the report which was filed on SEDAR www.sedar.com on October 12, 2006. The Sheep
Mountain deposit has a current Mine Permit issued by the Wyoming Department of
Environmental Quality. Several minor amendments to this permit will be required
to reopen the mine.


ON BEHALF OF TITAN URANIUM INC.

Brian A. Reilly, President

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.


Grafico Azioni Titan Uranium Inc. (TSXV:TUE)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Titan Uranium Inc.
Grafico Azioni Titan Uranium Inc. (TSXV:TUE)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Titan Uranium Inc.