HIGH GRADE MOLYBDENUM IN CHU W-001 INTERSECTS INTERVAL OF
123 METERS OF 0.11% MO EXTENDING DEPTH BY 300 METERS
TSX-V Symbol: TTQ
Frankfurt Stock Exchange Symbol: T2U
VANCOUVER, Oct. 29 /CNW/ - W. K. Crichy Clarke, President and CEO of TTM
Resources Inc. ("TTM" or the "Company") is very pleased to announce additional
assay results from the Phase 2 drill program at its 100% owned Chu Molybdenum
Project 65 Km Southwest of Vanderhoof, British Columbia, Canada.
Drill holes at the CHU property will be now prefixed by either "E" or "W"
to designate whether they were directed at either the East or West high grade
HOLE CHU E001 was drilled at an azimuth 290 degrees and a dip angle of
-55 degrees to test the EAST high grade zone above previously announced drill
hole CHU 06-13 (0.097% Mo over 378 meters). CHU E001 carried significant Mo
mineralization over its entire length, averaging 0.077% Mo from 6.7-641.8
meters (635.2 meters) including intervals of 0.102% Mo over 44.8 meters,
0.111% Mo over 57.9 meters and .106% Mo over 192 meters. The final 17.3 meters
of this hole assayed 0.162% Mo. Importantly, CHU E001 appears to extend the
western boundary of the EAST high grade zone an additional 150 meters.
HOLE CHU W001 was drilled at an azimuth of 205 degrees and a dip of -75
degrees to test depth beneath drill hole CHU 07-22 (previously reported as
0.071% Mo over 185.9 meters including an interval averaging 0.100% Mo over
48.9 meters) in the WEST high grade zone. CHU W001 extended this zone some 300
meters to depth, returning 0.105% Mo from 471.0 meters to 594.0 meters (123
meters) including 0.148% Mo over 57.4 meters.
HOLE CHU E002 was drilled at an azimuth of 205 degrees and a dip of -58
degrees and collared some 35 meters east of previously reported CHU 06-05
(0.089% Mo over 152.4 meters) to extend the EAST high grade zone to the
southeast. The hole encountered occasional barren dikes, resulting in a
broader lower grade interval of 0.057 % Mo over 318.1 meters from 100.4 meters
to 418.5 meters.
HOLE CHU W002 was abandoned at 23.35 meters due to extensive deviation
and was not assayed. CHU W003 and CHU E003 are complete and in for assaying.
Chu W004 and CHU E004 are currently being drilled.
A Drill Plan map is provided on the Company's website at
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. 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., a qualified person for the purposes of NI 43-101.
For further information visit the Company's web site at
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.
For further information:
For further information: Main: W.K. Crichy Clarke, President & CEO, Tom
Brady, (604) 685-5851 or Toll Free: (888) 685-5851, Fax: (604) 685-7349,
Website: www.ttmresources.ca, Email: firstname.lastname@example.org; Europe: Small Cap Invest Ltd,
Alexander Friedrich, 49 (0) 69-24 24 93 49, 49 (0) 12 12 544 71 04 62, Email: