TTM Resources Inc.: Company completes Annual General Meeting and Updates Drill Program
22.12.2011 | CNW
VANCOUVER, Dec. 22, 2011 - TTM Resources Inc. ('TTM' or the 'Company') held its Annual General Meeting on November 24, 2011 and all issues presented to the Shareholders were passed. The Board of Directors, consisting of W K Crichy Clarke, Terry Lyons, Richard Jordens, Robert Sibthorpe, Kevin Ogle, and Warren Robb were elected for a further one-year term and all Directors have agreed to continue their roles for the ensuing year. Financial Statements as presented were approved and the Company's Stock Option Plan was also approved for the coming year.
Drill Program
The Company undertook an exploratory reverse circulation drill program in an effort to test near surface mineralization in both the western and eastern pit zones. The program commenced in early November and was completed in mid-December. In total, 12 holes were drilled, six (6) in the west and six (6) in the east for a total of 1154.54 meters. All holes were sampled from top to bottom in 5-foot intervals. In total, 736 samples were collected and these are being analyzed at this time by AGAT Laboratories. Full results will be made available once management has received and reviewed them which should be sometime in early 2012. The Company intends to conduct 'Pilot Plant' scale metallurgical test work in an effort to determine how to achieve an optimal final concentrate-grade product. The results of this test work will be released once completed and reviewed by management. Wesley Raven, P.Geo, Sr. Vice-President Exploration, supervised the program.
Non-Binding Letter of Intent
The Company has entered into a non-binding Letter of Intent with an unnamed company at this time. A confidentiality agreement was also executed. Both parties continue to work towards a more formal agreement and shareholders will be kept informed of any progress in this regard as both Companies move toward, and agree on, their defined roles.
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 two other molybdenum properties in British Columbia, Canada.
TTM RESOURCES INC.
'Crichy Clarke'
W.K. Crichy Clarke, President, CEO & Director
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION
This news release contains certain 'forward-looking information' within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX-V: TTQ / US Clearing Symbol: TTMRF
Frankfurt Stock Exchange Symbol: T2U
Issued and Outstanding: 60,437,513
CONTACT:
visit the Company's web site at www.ttmresources.ca, or contact:
TTM Resources Inc.
W.K. Crichy Clarke or Tom Brady
Phone: 604.685.1144 / Toll Free: 1.877.685.1144
Email: ir@ttmresources.ca
Drill Program
The Company undertook an exploratory reverse circulation drill program in an effort to test near surface mineralization in both the western and eastern pit zones. The program commenced in early November and was completed in mid-December. In total, 12 holes were drilled, six (6) in the west and six (6) in the east for a total of 1154.54 meters. All holes were sampled from top to bottom in 5-foot intervals. In total, 736 samples were collected and these are being analyzed at this time by AGAT Laboratories. Full results will be made available once management has received and reviewed them which should be sometime in early 2012. The Company intends to conduct 'Pilot Plant' scale metallurgical test work in an effort to determine how to achieve an optimal final concentrate-grade product. The results of this test work will be released once completed and reviewed by management. Wesley Raven, P.Geo, Sr. Vice-President Exploration, supervised the program.
Non-Binding Letter of Intent
The Company has entered into a non-binding Letter of Intent with an unnamed company at this time. A confidentiality agreement was also executed. Both parties continue to work towards a more formal agreement and shareholders will be kept informed of any progress in this regard as both Companies move toward, and agree on, their defined roles.
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 two other molybdenum properties in British Columbia, Canada.
TTM RESOURCES INC.
'Crichy Clarke'
W.K. Crichy Clarke, President, CEO & Director
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION
This news release contains certain 'forward-looking information' within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX-V: TTQ / US Clearing Symbol: TTMRF
Frankfurt Stock Exchange Symbol: T2U
Issued and Outstanding: 60,437,513
CONTACT:
visit the Company's web site at www.ttmresources.ca, or contact:
TTM Resources Inc.
W.K. Crichy Clarke or Tom Brady
Phone: 604.685.1144 / Toll Free: 1.877.685.1144
Email: ir@ttmresources.ca