- 100% working interest in 759 hectares (1,876 acres);
- Located 20 km along strike from Cameco Corp.’s McArthur River mine;
- Paul Bay structure associated with Uranium mineralization on adjacent JCU property interpreted to trend on to Titan’s property (Saskatchewan Mineral Deposit Index-#2654, quoted as 212,941 tonnes grading 3.53% U3O8; 16,570,000 lbs U3O8);
- EM conductors defined by airborne VTEM survey (2006) and IP/Resistivity survey (2007);
- 1,500 metres (3 holes) Titan drill program (2007) revealed anomalous geochemical results in sandstone rocks, elevated probe counts and alteration in the basement rocks; and
- 1,631 metres (3 holes) Titan drill program (2008) followed-up Titan’s 2007 drilling results. Two holes intersected a graphitic pelitic schist, which is the probable source for the conductor identified in the 2006 VTEM survey. Hole CC-08-04 intersected fractured and bleached zones in the sandstone rocks where Uranium values of 2.22 and 1.87 ppm were observed.
|
