TSX-V Symbol: TTQ
Frankfurt Stock Exchange Symbol: T2U
US Clearing Symbol: TTMRF
Issued and Outstanding: 46,329,989
VANCOUVER, Oct. 14 /CNW/ - The Company is pleased to announce the following additions to its team:
Gary Hawthorn (P. Eng.) - Advisor to the Board of Directors
The Company is pleased to announce the addition of Mr. Gary Hawthorn to its Advisory Board. Mr. Hawthorn has been assisting the Company with its metallurgy and has been acting as an advisor on pit and mill design. His appointment to the Company's Advisory Board formalizes this relationship and the Company is looking forward to Mr. Hawthorn's contribution. Mr. Clarke, the Company's President and CEO, says, "We are very fortunate and pleased to have someone with Mr. Hawthorn's experience and qualifications join our staff. Not only is he a qualified Metallurgist, but his experience and knowledge of operating mill design and production layouts will be invaluable as we move towards Feasibility. We look forward to his continuing contribution."
Jill Neff - Corporate Secretary
Effective September 15, 2009, Jill Neff has been appointed Corporate Secretary of TTM Resources Inc. Ms. Neff has been a Corporate and Securities Paralegal for over five years, most recently at Borden Ladner Gervais LLP for two years and prior to that at Goodmans for three years. Mr. Clarke comments, "We are pleased to add Jill to our staff. She will be invaluable in the preparation of agreements and acting as the Company's Corporate Secretary as we move forward with First Nations negotiations and our Environmental Assessment Process, as is defined in our Application Information Requirements."
Knight Pieshold - Geo-Technical Consultant
The Company is also pleased to announce the hiring of Knight Pieshold as its Consultant for the ongoing Geo-Technical work to be done at the Chu Property.
Allnorth Consulting Limited - Road Study
The Company is pleased to announce the hiring of Allnorth Consultants Limited to conduct an Ore Concentrate Road Study, on a scoping level, for the access road to the Chu Property. This will be conducted on the existing Kluskas Forestry Road and will be in conjunction with the BC Transmission Corporation in preparation for the establishment of power to the proposed Chu Mine Site. Allnorth is headquartered in Prince George and is familiar with the Kluskas Road capability. TTM will also be meeting with the BC Transmission Corporation and BC Hydro in November 2009 to detail the routing and capacity of power required at the Chu Property.
Section 11 Order
The Company reports that it has received from the B.C. Environmental Assessment Office its Section 11 order. The Section 11 order establishes the formal scope, procedures and methods concerning the proposed Project's environmental assessment. The Section 11 order is posted on the Environmental Assessment Office's electronic Project Information Center website: http://a100.gov.bc.ca/appsdata/epic/html/deploy/epic_document_347_31386.html.
The Company is continuing with fish, water quality, terrestrial plant and wildlife, archeological and meteorological base line studies as will be required in the Environmental Assessment application, and for securing the necessary permits and approvals for its operation. The Application Information Requirements is being reviewed by the working group and the Company is planning public forums in early November in both Prince George and Vanderhoof.
- Completed re-logging of all drill core to standardize the various
rock units for completion of a 3-D model for future use in
- Planned nine new drill sites to test for near surface, high-grade
mineralization in the West zone.
- Ongoing reclamation of old drill sites and access roads.
- Soil geochemical surveys involving approximately 1,100 samples
collected from the site of a potential tailings facility.
Representatives of the Company will be in China for the China Mining Conference and other private meetings in Beijing, Tienjin, and Shanghai for two weeks starting October 14th. TTM also continues to discuss strategic partnerships with interested parties and will report on these possibilities once completed.
Incentive Stock Options
TTM Resources Inc. is pleased to announce that, subject to regulatory approval, it has granted 7,500,000 incentive stock options to certain directors, officers, consultants and employees of the Company, exercisable at a price of $0.40 per share for a period of five years from the date of grant. Any shares issued under the option grant to directors, officers or insiders of the Company will be subject to a four-month hold period from the date of grant, pursuant to the policies of the TSX Venture Exchange.
In addition, an aggregate of 7,200,000 incentive stock options issued to certain directors, officers, consultants and employees of the Company have been surrendered to the Company for cancellation as of October 7, 2009.
Annual General Meeting
The Company is pleased to announce that the 2009 annual meeting will be held on December 1, 2009 at 10:00 AM at the office of:
Max Pinsky Barrister & Solicitor
No. 1780 - 400 Burrard Street
Vancouver, BC V6C 3A6
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 website at: www.ttmresources.ca.
TTM RESOURCES INC.
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.
For further information: For further information: W.K. Crichy Clarke, President & CEO, (604) 685-1144 or Toll Free: (877) 685-1144, Fax: (604) 685-9887, Website: www.ttmresources.ca, Email: firstname.lastname@example.org