TTM Resources Inc. - High grade molybdenum in hole 07-19 - 0.127 % Mo over 380.8 meters including 0.209% Mo over 74.1 meters.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- W. K. Crichy Clarke, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of TTM TTM Trailing 12 months. Often used with Earnings Per Share. Resources Inc. ("TTM" or the "Company")(TSX-V:TTQ TTQ Trying to Quit TTQ Tryptophan Tryptophyl quinone TTQ The Trigger Quintet (band) )(Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. :T2U T2U Transition to University (University of Alberta; Canada) ) is extremely pleased to announce partial assay results for drill hole CHU 07-19 from the Phase 2 drill program at its 100% owned Chu Molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. Project 65 Km Southwest of Vanderhoof, British Columbia Vanderhoof () lies near the geographical centre[1] of British Columbia, Canada. It has a population of roughly 4,500 residents within city limits. , Canada. Original drilling on the property was designed to test the previously recognized north-west trending structure. It is now felt that at least two and possibly more north east trending structures intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. the deposit and may have a significant influence on mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . More recent drilling has been designed to investigate the influence of these structures. CHU 07-19 was collared 50 meters north of previously reported CHU 06-06 which returned 254 meters grading 0.117% Mo including 0.309% Mo over 19.3 meters. CHU 07-19 was drilled at an azimuth azimuth (ăz`əməth), in astronomy, one coordinate in the altazimuth coordinate system. It is the angular distance of a body measured westward along the celestial horizon from the observer's south point. of 270 degrees to test the north-south trending structures encountered in CHU 06-06. CHU 07-19 initially encountered lower grade Mo-mineralization in hanging wall rocks and then entered the main stockwork zone at 201 meters. It intersected the structure at 245 meters some 100 meters below the intersection in CHU 06-06 and continued in high grade Mo mineralization to 594.6 meters, the assayed length of the hole so far. Assays are pending for an additional 170 meters of core form this hole. Good results are expected as the hole was still well mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. beyond 594.6 meters.
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SignificantDrill Assay Results CHU 07-19
From To Interval Grade Comment
Meters Meters Meters %Mo
1.5 213.9 212.4 0.043 Hanging wall rocks
213.9 594.6 380.7 0.127 Mo-Qtz Stockwork
including 425.5 542.9 117.4 0.175 Mo-Qtz Stockwork
including 425.5 499.6 74.1 0.209 Mo-Qtz Stockwork
Hole in strong Mo mineralization at 594.6m
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CHU 07-20 is complete and pending assays and 07-21 is in progress. Both of these holes tested the feeder structures further south of 07-19. A second drill rig is on the CHU property and when its crew arrives it will be used to test the feeder structures where they cross the main stockwork zone where CHU 06-13 encountered 384 meters grading 0.096% Mo some 750 meters to the southeast of the current drilling area. The immediate object of the current Phase 2 program is to define sufficient tonnages of high grade near surface Mo mineralization in hot the 07-19 and 07-13 areas, which could be considered as open pit material. Falcon Drilling has informed the Company a 2nd drill crew will be arriving at the property within two weeks. The Company is expanding its camp pending their arrival and the arrival of the IP Survey crew. The IP survey is expected to start in the middle of September. The Company is also pleased to announce the addition of three new claim blocks totaling 500 hectares contiguous with its existing seven claims on the Chu Project. The Company plans to explore this additional ground this fall. A Drill Plan map is provided on the Company's website at http://www.ttmresources.ca/img/chu/explore_map.pdf. Terrace Update The Company is in receipt of the initial interpretation of the Air Magnetics Survey from its 100% owned Terrace Project and is currently reviewing the information. Soil sampling and mapping is planned for September. Analyses of samples from the current program are completed at Eco-Tech Laboratories in Kamloops, BC. Quoted intercepts are based on analytical analyses for molybdenum. Full assays for molybdenum were run on any molybdenum analyses that exceeded 500ppm. The Company has in place a comprehensive quality assurance/quality control program including standards, blanks and duplicate samples that form part of the sampling protocol. In addition the laboratory has its own quality assurance program. The field program is supervised by Richard Beck, BSc.Geology, and Anastasia Ledwon, BSc Geology, of Hungry Hill Geological Ltd. of Telkwa BC. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. The technical information provided in this press release was reviewed by Charles Ikona (P.Eng.), a qualified person for the purposes of NI 43-101. For further information visit the Company's web site at www.ttmresources.ca. TTM RESOURCES INC. "Crichy Clarke" W.K. Crichy Clarke President & CEO This communication to shareholders and the public contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, 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. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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