NI 43-101
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Jul 15, 2010 02:09PM
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TSX-V Symbol: TTQ
Frankfurt Stock Exchange Symbol: T2U
US Clearing Symbol: TTMRF
Issued and Outstanding 52,730,989
PRESS RELEASE July 15, 2010
Corporate Office:
202 – 750 West Pender St
Vancouver, BC Canada V6C 2T7
Tel: (604) 685-1144 Fax: (604) 685-9887
Toll Free: (877) 685-1144 email: ir@ttmresources.ca web: http://www.ttmresources.ca
TTM RESOURCES INC. RECEIVES NI 43-101 REPORT ON CHU MOLYBDEUM PROJECT
TTM Resources Inc. is pleased to announce the filing of the NI 43-101 compliant report entitled “Report and Resource Estimation on the Chu Molybdenum Property” written by G.H. Giroux P.Eng MASc. Gary Hawthorn P. Eng and E. Ostensoe P.Geo. on its wholly owned Chu Property near Vanderhoof, BC. The Report describes methods employed to outline the previously announced Resource Estimate (see May 21, 2010 News Release). The results are summarized below. (Full NI 43-101 Report)
CHU PROJECT - MEASURED PLUS INDICATED RESOURCE
Mo Cutoff |
Tonnes> Cutoff |
Grade > Cutoff |
|
||
(%) |
(tonnes) |
Mo % |
Cu (%) |
Million lbs Mo |
Million lbs Cu |
0.02 |
795,040,000 |
0.043 |
0.034 |
753.8 |
596.0 |
0.03 |
568,830,000 |
0.050 |
0.035 |
627.1 |
439.0 |
0.04 |
370,640,000 |
0.059 |
0.035 |
482.2 |
286.0 |
0.05 |
219,720,000 |
0.068 |
0.036 |
329.4 |
174.4 |
0.06 |
129,060,000 |
0.078 |
0.036 |
222.0 |
102.4 |
0.07 |
74,880,000 |
0.088 |
0.037 |
145.3 |
61.1 |
0.08 |
43,170,000 |
0.098 |
0.038 |
93.3 |
36.2 |
0.09 |
25,010,000 |
0.108 |
0.040 |
59.6 |
22.1 |
0.10 |
14,260,000 |
0.118 |
0.042 |
37.1 |
13.2 |
CHU PROJECT - INFERRED RESOURCE
Mo Cutoff |
Tonnes> Cutoff |
Grade > Cutoff |
|
||
(%) |
(tonnes) |
Mo % |
Cu (%) |
Million lbs Mo |
Million lbs Cu |
0.02 |
969,050,000 |
0.035 |
0.032 |
747.9 |
683.8 |
0.03 |
531,590,000 |
0.043 |
0.034 |
504.0 |
398.5 |
0.04 |
256,560,000 |
0.052 |
0.036 |
294.2 |
203.7 |
0.05 |
113,320,000 |
0.062 |
0.037 |
154.9 |
92.5 |
0.06 |
52,160,000 |
0.072 |
0.039 |
82.8 |
44.9 |
0.07 |
23,950,000 |
0.080 |
0.042 |
42.2 |
22.2 |
0.08 |
9,910,000 |
0.088 |
0.048 |
19.2 |
10.5 |
0.09 |
3,080,000 |
0.098 |
0.052 |
6.7 |
3.5 |
0.10 |
910,000 |
0.109 |
0.052 |
2.2 |
1.0 |
Highlights and Recommendations of the Authors
W.K.Crichy Clarke, President and CEO states “We are pleased that we continue to make progress on all fronts. Moose Mountain Technical Services is finalizing our updated Preliminary Economic Assessment Report and we will release it when received.. The initial Preliminary Economic Assessment Report used Measured and Indicated Resources and is now being revised to include Inferred Resources. A Pre-Feasibility Report is expected to be completed this fall. We will continue our drill program once the Preliminary Economic Assessment Report is received from Moose Mountain. in order to carry out their recommendations”
The Company will continue to update shareholders on drill results and corporate developments.
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 two other molybdenum properties in British Columbia, Canada. For further information visit the Company’s web site at www.ttmresources.ca
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 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. COO and Director of TTM Resources Inc. a qualified person for the purposes of NI 43-101.For further information visit the Company’s web site at www.ttmresources.ca
W.K. Crichy Clarke
President
Contact:
TTM Resources Inc.
W.K. Crichy Clarke, President & CEO
Tom Brady
604) 685-1144 or Toll Free: (888) 685-1144 Fax: (604) 685-9887
Website: www.ttmresources.ca/
Email: ir@ttmresources.ca
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.