TTM Resources Inc. receives NI 43-101 report on Chu Molybdeum Project

    TSX-V Symbol: TTQ
    Frankfurt Stock Exchange Symbol: T2U
    US Clearing Symbol: TTMRF
    Issued and Outstanding 46,968,876

    VANCOUVER, March 3 /CNW/ - 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.
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 January 29, 2008 news release) The results are
summarized below.
    Full NI 43-101 Report



SOURCE ------------------------------------------------------------------------- Tonnes Tonnes Grade Mo greater Grade greater Mo greater greater Cutoff than Cutoff than Cutoff Cutoff than Cutoff than Cutoff ------------------------------------------------------------------------- Mo Million Mo Million (%) (tonnes) % lbs Mo (%) (tonnes) % lbs Mo ------------------------------------------------------------------------- 0.04 235,310,000 0.067 347.6 0.04 221,490,000 0.063 307.70 ------------------------------------------------------------------------- 0.05 168,330,000 0.076 282.1 0.05 145,470,000 0.072 230.90 ------------------------------------------------------------------------- 0.06 114,830,000 0.087 220.3 0.06 90,490,000 0.083 165.60 ------------------------------------------------------------------------- 0.07 81,220,000 0.096 171.9 0.07 60,030,000 0.093 123.10 ------------------------------------------------------------------------- 0.08 57,110,000 0.104 131.0 0.08 44,370,000 0.100 97.80 ------------------------------------------------------------------------- 0.09 37,300,000 0.115 94.6 0.09 29,560,000 0.107 69.70 ------------------------------------------------------------------------- 0.10 24,610,000 0.126 68.4 0.10 17,410,000 0.115 44.10 ------------------------------------------------------------------------- Highlights and Recommendations of the Authors - The Chu property has been explored by geochemical and geophysical surveys (results pending) and by more than 24,654 metres of diamond drilling in more than 62 drill holes. This work has demonstrated the presence of a substantial body of molybdenite mineralization in an apparent modified "quartz veinlet stockwork" hosted by hornfelsed fine-grained sandstone and granodioritic intrusive rocks. - The Report recommends the further expenditure of approximately eight million dollars including the Continuation drilling with the principal objective being to increase the drill hole density to enable upgrading of the classification of resources from "indicated" to "measured" and from "inferred" to "indicated", and to explore the continuation of the known zone to both the northwest and southeast, and to obtain additional materials for use in metallurgical studies. - Commencement of a Preliminary Economic Assessment "scoping" study, preferably guided by a mining engineer, that will conceptualize the placement of an open pit or pits, and offer some forecasts of possible mining methods, capital costs, operating costs, markets for and marketability of products, environmental concerns, and social issues. - Additional work beyond the recommended work program will be largely contingent upon a positive Preliminary Economic Assessment of the property. It may be timely to proceed with work leading to a Prefeasibility Study complete with environmental studies, mine and process plant design work, water, power and transportation options, marketing strategies, community involvement and so forth. - Geophysical and geochemical technical surveys performed in the 2007 season will likely enable commencement of exploration in parts of the property other than the area currently being drilled. W.K. Crichy Clarke, President and CEO states "We are extremely pleased that our group has been able to define this resource in a remarkably short time. The receipt of this Report signifies a change in direction for our Company. The conclusions and recommendations put forward by the Authors are already underway. We continue to drill, we have engaged Moose Mountain Technical Services to conduct our Preliminary Economic Assessment and we have arranged for a third drill from Falcon Drilling, to start in once permits are received to explore the anomalies indicated by our IP Survey. Our activity level at Chu will only increase. We are well financed to start the recommended phases of the Report." 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 three other molybdenum properties in British Columbia, Canada. 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., 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 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: 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:, Email:;
Europe, Small Cap Invest Ltd, Alexander Friedrich, 49 (0) 69-24 24 93 49, 49
(0) 12 12 544 71 04 62, Email:

Organization Profile

TTM Resources Inc.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890