Titan Uranium Inc. commences Winter Drilling Program on Border Block Project
Titan Uranium Inc. (“Titan“ or the “Company“) (TSX-V:TUE, FSE:T4X) is pleased to announce that the Company's 2012 drilling program is now underway on the Border Block project. The Border Block project is the subject of a Letter of Agreement between Titan and Japan Oil, Gas and Metals National Corporation (JOGMEC) wherein JOGMEC can earn a 50% undivided interest in the project by funding Cdn $6 million in exploration over four years (see Titan press release November 12, 2008).Aggressive Drilling Inc. has completed mobilization of the drilling crew and equipment to the Border Block project site and the drill campaign commenced February 13, 2012. The planned program consists of approximately 1,500 metres of diamond drilling to test prospective targets identified by recently completed Time Domain Electro Magnetic (TDEM) and D.C. Resistivity surveys. D.C. Resistivity is the geophysical technique of choice in the Athabasca Basin due to its ability to image hydrothermal alteration systems, which form resistivity “chimneys“, often associated with fault zones and unconformity-type uranium deposits. This program is designed to test favourable high priority uranium targets at or near the unconformity between the Athabasca sandstone rocks and the underlying basement rocks in the H-Grid area, where weak to moderate hematite-clay-chlorite-sericite alteration and anomalous uranium values were encountered in 2 drill holes GL-10-05 and GL-10-06 (see Titan press release June 17, 2010). In the H-Grid area, the depth to the unconformity is expected to be approximately 175-200 metres.
The Border Block project is located in the southwest area of the Athabasca Basin, near the Alberta border and comprises the Maybelle River, Gartner Lake, King and Castle South Extension properties. The project (72,387 hectares) covers an area where historic exploration data identified favourable rocks capable of hosting uranium mineralization. The basement rocks are thought to be correlative with those found on the adjacent AREVA/UEX Corp.'s Shea Creek project which hosts significant uranium mineralization in the Anne, Collette and Kianna deposits.
Rodney Koch, P. Geo, Vice-President Exploration Canada for Titan, is the qualified person responsible for the technical information contained in this release.
About Titan Uranium Inc.
Titan has gained market recognition for its ability to attract strategic partners to participate in the exploration of its properties. Japan Oil, Gas and Metals National Corporation and Mega Uranium Ltd. are partners in current exploration programs managed by Titan.
ON BEHALF OF TITAN URANIUM INC.
Chris M. Healey
President
For further information, please contact:
Investor Relations
Titan Uranium Inc.
Phone: 604-925-1810
Facsimile: 604-921-1898
Email: ir@titanuranium.com
Web: www.titanuranium.com
Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain “forward-looking statements“. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Titan Uranium, 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. Important factors that could cause actual results to differ materially from Titan Uranium's expectations are exploration risks detailed herein and from time to time in the filings made by Titan Uranium with securities regulators.





