Titan Resources International Inc. Announces LOI
Titan Resources International Inc. (PINKSHEETS: TNRI) (FRANKFURT: 36T1) is pleased to announce that further to its strategy of focusing on exploration stage precious metals properties in known mining districts in North America, and in particular Northern Ontario, that it has signed a Letter of Intent with an Ontario resource exploration company outlining terms of purchase of an undivided 50% interest in a group prospective gold mining claims.
The property consists of 40 mining claims covering just under 700 hectares, and is located in the Napanee Lake area of the Sault Ste. Marie mining district, in Northern Ontario, Canada.
After careful interpretation of the available historical information, along with recommendations made by the Ontario geological Societies’ detailed study of the area, management believe that the geology, structure and mineralization present on the property indicate that additional exploration is highly warranted.
TITAN Resources International Inc. is a publicly traded resource exploration company dedicated to the acquisition, exploration and development of small to medium size precious metals properties of exceptional merit in North and South America. Please visit our company web site at www.titan-resource.com
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Contact: INVESTOR RELATIONS: Titan Resources International Inc. (866) 365-4724 Email: Email Contact Website: http://www.titan-resource.com
SOURCE: Titan Resources International Inc.