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100% working interest in 759 hectares (1,876 acres)
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Located 20 km along strike from Cameco Corp.’s McArthur River mine
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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)
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EM conductors defined by airborne VTEM survey (2006) and IP/Resistivity survey (2007)
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1,500 m (3 holes) Titan drill program (2007) revealed anomalous geochemical results in sandstone rocks, elevated probe counts and alteration in the basement rocks
Current Program
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In April / May 2008, three holes (1,631 metres) were drilled on the property to follow 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. For further information regarding this 2008 program please refer to our August 7, 2008 Press Release.
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Plans for further exploration to follow up on these results are in progress. |
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