TTM Resources Inc
SymbolTTQ
Shares Issued48,136,489
Close 2009-02-27C$ 0.125
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TTM estimates 140 M t measured at 0.061% Mo for Chu

2009-02-27 17:26 ET - News Release

Mr. Crichy Clarke reports

TTM RESOURCES INC CHU MOLYBDENUM PROJECT UPDATED RESOURCE ESTIMATE AND DRILL RESULTS

TTM Resources Inc. has received an updated resource estimate from G.H. Giroux, PEng, MASc, of Giroux Consultants Inc., of Vancouver, B.C., for its 100-per-cent-owned Chu molybdenum project, 75 kilometres (km) southwest of Vanderhoof, B.C., Canada. The resource estimates will be included in a revised National Instrument (NI) 43-101 report to be filed within 45 days.

Highlights include:

  • Measured resource -- 140 million tonnes of 0.061 per cent molybdenum (Mo) (0.040 per cent cut-off);
  • Indicated resource -- 173 million tonnes of 0.060 per cent Mo (0.04 per cent Mo cut-off);
  • Inferred resource -- 84 million tonnes of 0.058 per cent Mo (0.04 per cent Mo cut-off);
  • High-grade molybdenum in hole 2008 CHU-E046 -- 0.188 per cent Mo over 16.96 metres;
  • High-grade molybdenum in hole CHU-E050 -- 0.127 per cent Mo over 93 metres including 18.29 metres of 0.215 per cent Mo;
  • High-grade molybdenum in hole 2008 CHU-W022 -- 0.10 per cent Mo over 72 metres and 18.51 metres of 0.210 per cent Mo;
  • High-grade molybdenum in hole 2008 CHU-W023 -- 0.12 per cent Mo over 42.7 metres.

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