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100% working interest in 2,802 hectares (6,924 acres)
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Located 10 km from Cameco Corp.’s Cigar Lake mine
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Minimal historic exploration
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Airborne VTEM (2006) and ground TDEM (2007) surveys defined conductive trends which are the strike extension of the basement conductor/structure that hosts uranium mineralization at the nearby Sand Lake zone (Cameco Corp.)
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Only one previous hole drilled on the Titan property
Current Program
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In April / May 2008, four holes (1,568 metres) were drilled on the property. All holes intersected fractured, poorly consolidated clay-altered sandstone rocks. Hole TBN-08-02 exhibited anomalous uranium values above the unconformity (up to 20.9 ppm uranium). Hole TBN-08-04 intersected 0.057% U3O8 over 0.60 metres. For further information regarding this 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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