Titan Resources International Corp. Enters Into Option Agreement for Silver Property in British Columbia, Canada
TORONTO — (MARKET WIRE) — 12/17/10 — Titan Resources International Corp. (PINKSHEETS: TNRI) (FRANKFURT: 36T1) — Titan Resources is pleased to announce that the Company has signed a Mining Option Agreement for a silver bearing property located in BC, Canada.
“We are pleased that the outcome of our negotiation process resulted with a contract that secures 66% of interest on a viable mining property situated in a well known and historically proven mining area,” said CEO of Titan Bill Akrivos.
The Property is geographically well positioned in an area with numerous past producers, historic mineral showings and current operating mines in the Slocan Area of BC, Canada, half way in between Zincton and Retallack, an abandoned mining community 18 kilometers northeast of New Denver. Present Road structure in this region is providing a good access to the property and to the smelting facilities located nearby.
This area had a small scale mining remained viable for many years because of the richness of the ores. In the Slocan City area, more than half of the 125 occurrences were mineral producers — 13 mines have produced more than 1 million grams of silver.