TTM Chu Molybdenum Project Accepted by BC and Canadian Environmental Assessment Agencies

May 4, 2009
    2009 Drill Highlights
    W027 100 Meters of .102% Mo
    W024 8 Meters of .135% Mo

    SGS Lakefield Preliminary Metallurgical Results

    TSX-V Symbol:                     TTQ
    Frankfurt Stock Exchange Symbol:  T2U
    US Clearing Symbol:               TTMRF
    Issued and Outstanding            47,586,489

VANCOUVER, May 5 /PRNewswire-FirstCall/ – The Company is pleased to report that it has received from the British Columbia Environmental Assessment Office (BCEAO) a Section 10 Order for TTM Resources Inc.’s Chu Molybdenum Project located 85 kilometers south of Vanderhoof B.C. in the Omineca Mining Division.

The Chu Molybdenum Project description was submitted by the company on April 2, 2009 and received a Section 10 order from the BCEAO on May 1, 2009. The Section 10 Order is recognition by the British Columbia Government that the Chu Molybdenum Project is reviewable project under the Environmental Reviewable Projects Legislation and will require an environmental assessment certificate prior to obtaining mining permits.

The project description for the company’s Chu Molybdenum Project outlines TTM’s proposed open pit molybdenum mine at a production rate of 60,000 tonnes per day for annual production of 21 million tonnes over a projected 31 year mine life. At this projected mining rate the project would produce in excess of 600 million pounds of molybdenum and in excess of 450 million pounds of copper. The proposed project would also include 120 kilometers of electric power transmission lines, an electric powered mill facility consisting of crushing, grinding and conventional flotation concentration yielding a molybdenite concentrate.

The project description has now been accepted by the BC and Canadian Environmental Assessment Agencies and the newly formed Federal Major Projects Management Office. The three offices will now inform TTM which First Nations, local Communities, Provincial and Federal Agencies and other affected Stakeholders will form the Review Committee for the assessment.

“This is a very important step in our continuing efforts to develop the Chu Molybdenum Project into a productive, thirty year mine. We look forward to working with the Review Committee and particularly the Town of Vanderhoof and our First Nations Partners, to move towards that end.” says Mr. Crichy Clarke President and CEO of TTM Resources Inc.

The project description can be viewed on the BCEAO website link


2009 Drill Highlights

TTM Resources Inc. is also pleased to release the results of four drill holes completed on the West Zone earlier this spring. Three of these holes, 2009-CHU-W024 to W026 were designed as infill holes to be used in future resource/reserve calculations with an emphasis on testing near surface, higher-grade zones. The fourth hole, 2009-CHU-W027 was drilled oblique to the strike of the deposit to test for high-grade mineralization associated with northeast trending fault zones. Hole W027 was collared 60 meters south of hole CHU-06-06, with a similar orientation.

    Drill Hole      Azimuth    dip    From (m)     To (m)  Width (m)     Mo%
    2009-CHU-W024                      124.05     200.24      76.19    0.072
    and including                      133.19     172.81      39.62    0.093
    2009-CHU-W024                      454.70     462.36       7.66    0.135

    2009-CHU-W025                       84.43     108.40      23.97    0.073
    2009-CHU-W025                      171.98     200.28      28.30    0.099

    2009-CHU-W026                       17.37     418.00     400.63    0.042
    including                          230.00     273.39      43.39    0.086
    and including                      235.12     265.00      29.88    0.096

    2009-CHU-W027                       10.67     778.83     768.16    0.053
    including                           22.86      71.62      48.76    0.073
    including                          384.37     659.86     275.49    0.073
    and including                      559.28     659.86     100.58    0.102
    * Full results are posted on the Company website

After spring break-up the Company intends to drill up to 3,000 meters in a 12 hole program, designed to continue testing near surface, high-grade mineralization at the West Zone. Some of these holes will in-fill gaps between reported sections, while the bulk of the drilling will test a thick quartz-feldspar-porphyry dyke that has yielded high-grade values at depth and has not been tested near surface. If the initial near surface testing of the dyke is successful, the program will be expanded to test downdip extensions. All 2009 drilling will be incorporated into a revised Resource/Reserve Report to be released later this year.

“We continue to expand our resource within the confines of the pit design laid out by our Engineers. Our focus to expand the near surface resource in the West Pit Area, continues to justify our early production plans. We continue to be impressed with our results at depth in the West Area.” says Mr. Clarke.

Metallurgical Results

The company is pleased to report results from metallurgical testing conducted on drill core samples from its 100% owned Chu Molybdenum Project located 85 kilometers south of Vanderhoof B.C.

The emphasis of the testing was to maximize the recovery of molybdenite into a marketable concentrate while maximizing the rejection of pyrite and chalcopyrite. Test F20 recovered 75.8% Mo into a concentrate grading 51.5% Mo, thus achieving the desired goal of producing a molybdenum concentrate of greater than 50% from slightly lower than average grade material.

TTM has now prepared four additional composites from drill core assay rejects at an average grade of 0.06% Mo to reflect the average grade and to reflect the various lithologies within which the mineralization is contained. These composites have been sent to SGS Lakefield to examine the universality of the F20 test parameters and to investigate additional optimization parameters. In addition to the metallurgical testing these new composites will be subjected to acid generation potential (ABA) studies.

The technical content of this metallurgical summary has been prepared by Gary Hawthorne (P.Eng.), an independent qualified person as defined by NI 43-101.

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 Warren Robb, (P.Geo.) and Wesley Raven (P.Geo.), who are both qualified persons for the purposes of NI 43-101.

About TTM Resources Inc.

TTM Resources Inc. is a Vancouver, British Columbia based Molybdenum Development and Exploration Company focused on the resource development of the Chu Molybdenum Project and three other molybdenum properties in British Columbia, Canada.

For further information visit the Company’s web site at www.ttmresources.ca


    "Crichy Clarke"
    W.K. Crichy Clarke
    President & CEO

This communication to shareholders and the public contains certain forward-looking statements. 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 has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE TTM Resources Inc.

Source: newswire

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