Vancouver, B.C. April 11, 2006 -- Titan Uranium Inc. (TSX Venture: TUE) is pleased to announce that it has received its permits from the Kivalliq Inuit Association (KIA) and Indian and Northern Affairs Canada (INAC) for the Company's 2006 diamond drill program in the Thelon Basin of Nunavut. This program is scheduled to start in mid-July and finish in early September. Titan has 26 priority targets within its Thelon properties that were identified by historic geochemical and geophysical surveys adjacent to uraniferous boulder trains. Most of the targets are near surface and will be tested by vertical holes with an average depth of 80 metres.
Titan's Thelon project consists of eight original mineral leases, as well as newly staked and permitted ground totaling 169,000 acres on the eastern side of the Thelon Basin in Nunavut. Between 1976 and 1984, other exploration companies spent in excess of five million dollars to bring these properties to the drill-ready stage. Titan's management team visited the Thelon Basin in the fall of 2005 to confirm the uranium-enriched boulder trains and the rock cairns that had previously been erected to define the drill target locations.
Elsewhere, Titan is drilling on its Castle South property south of Cluff Lake in northwestern Saskatchewan. Permits for the 2006 summer drill season have been approved by Saskatchewan Environment and the Company's program is tentatively scheduled for completion at the end of June.
Technical information provided in this press release has been reviewed by Phil Olson, P. Geo., a Qualified Person as prescribed by National Instrument 43-101.
Visit www.u3o8.ca to view detailed maps and NI43-101 report on the Thelon Project.
ON BEHALF OF TITAN URANIUM INC.
"Chadwick Wasilenkoff", Chief Executive Officer
For further information contact:
Arni Johannson
Second Floor, 157 Chadwick Court,
North Vancouver, British Columbia
Canada V7M 3K2
Telephone: (604) 988-4824
Facsimile: (604) 988-5327
Email: info@titanuranium.com
www.titanuranium.com
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-Looking Statements:
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Titan's periodic filings with Canadian Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Titan does not assume the obligation to update any forward-looking statement. |
