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Under option to Vale Exploration Canada Inc.
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Titan (operator) has granted Vale Exploration Canada Inc. the option to earn up to 60% interest in the 74,312 hectares (245,632 acres) by contributing Cdn $12 million over five years
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Located 5 km from Cameco Corp./Formation Capital Corp.’s Centennial deposit (hole VR-027W2 intersected an average assay of 9.329% U3O8 over 14.2 m)
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GEOTEM 1000 and MEGATEM II airborne electromagnetic surveys (2005) confirm conductive basement rocks located during prior exploration
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New conductors identified warranted the staking of 12 new claims (2005)
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1,317 m (8 holes) Titan drill program (2006) identified conductors that warrant additional work. Drilling intersected extensive alteration, anomalous pathfinder element geochemistry and elevated radiometric probe results
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473 m (5 holes) Titan drill program (2007) followed up on encouraging results from 2006.
Current Program
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4,000 m (12 to 15 holes) drill program to be conducted in April 2008.
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Targets drilled based on 2006 and 2007 exploration program identification
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