Titan Uranium Inc. ("Titan" or the "Company") (TSX VENTURE:TUE)(FRANKFURT:T4X)
is pleased to announce that the Company's Summer 2010 drilling program is now
underway on the Border Block project. The Border Block project is the subject of
a Letter of Agreement between Titan and Japan Oil, Gas and Metals National
Corporation (JOGMEC) wherein JOGMEC can earn a 50% undivided interest in the
project by funding Cdn $6 million in exploration over four years (see Titan
press release November 12, 2008).


Aggressive Drilling Inc. completed mobilization of the drilling crew and
equipment to the Border Block project site and the drill campaign commenced July
22, 2010. The planned program consists of approximately 1,500 metres of diamond
drilling to test prospective targets identified by recently completed (Spring
2010) SQUID Time Domain ElectroMagnetic (TDEM) and D.C. Resistivity surveys.
D.C. Resistivity is the geophysical technique of choice in the Athabasca Basin
due to its ability to image hydrothermal alteration systems, which form
resistivity "chimneys", often associated with fault zones and unconformity-type
uranium deposits.


The Border Block project is located in the southwest area of the Athabasca
Basin, near the Alberta border and comprises the Maybelle River, Gartner Lake,
King and Castle South Extension properties. The project (76,354 hectares/188,675
acres) covers an area where historic exploration data identified favourable
basement rocks capable of hosting uranium mineralization. The basement rocks are
thought to be correlative with those found on the adjacent AREVA/UEX Corp.'s
Shea Creek project which hosts significant uranium mineralization in the Anne,
Collette and Kianna deposits.


Rodney Koch, P. Geo, Vice-President Exploration Canada for Titan, is the
qualified person responsible for the technical information contained in 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 probable
reserve of 14.2M lbs. of U3O8 (6,393,000 tons at 0.111% e U3O8) (see Titan press
release April 12, 2010).


- Exploration: The goal is to discover world class uranium deposits by exploring
over 1.5M 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.

Brian A. Reilly, President

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.


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.