TTM Resources Inc. - High grade molybdenum in hole 07-19 - 0.127 % Mo over 380.8 meters including 0.209% Mo over 74.1 meters
12:54 EDT Wednesday, August 22, 2007
VANCOUVER, British Columbia (Business Wire) -- W. K. Crichy Clarke, President and CEO of TTM Resources Inc. ("TTM" or the "Company")(TSX-V:TTQ)(Frankfurt Stock Exchange:T2U) is extremely pleased to announce partial assay results for drill hole CHU 07-19 from the Phase 2 drill program at its 100% owned Chu Molybdenum Project 65 Km Southwest of Vanderhoof, British Columbia, Canada.
Original drilling on the property was designed to test the previously recognized north-west trending structure. It is now felt that at least two and possibly more north east trending structures intersect the deposit and may have a significant influence on mineralization. More recent drilling has been designed to investigate the influence of these structures.
CHU 07-19 was collared 50 meters north of previously reported CHU 06-06 which returned 254 meters grading 0.117% Mo including 0.309% Mo over 19.3 meters. CHU 07-19 was drilled at an azimuth of 270 degrees to test the north-south trending structures encountered in CHU 06-06. CHU 07-19 initially encountered lower grade Mo-mineralization in hanging wall rocks and then entered the main stockwork zone at 201 meters. It intersected the structure at 245 meters some 100 meters below the intersection in CHU 06-06 and continued in high grade Mo mineralization to 594.6 meters, the assayed length of the hole so far. Assays are pending for an additional 170 meters of core form this hole. Good results are expected as the hole was still well mineralized beyond 594.6 meters.
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SignificantDrill Assay Results CHU 07-19
From To Interval Grade Comment
Meters Meters Meters %Mo
1.5 213.9 212.4 0.043 Hanging wall rocks
213.9 594.6 380.7 0.127 Mo-Qtz Stockwork
including 425.5 542.9 117.4 0.175 Mo-Qtz Stockwork
including 425.5 499.6 74.1 0.209 Mo-Qtz Stockwork
Hole in strong Mo mineralization at 594.6m
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CHU 07-20 is complete and pending assays and 07-21 is in progress. Both of these holes tested the feeder structures further south of 07-19. A second drill rig is on the CHU property and when its crew arrives it will be used to test the feeder structures where they cross the main stockwork zone where CHU 06-13 encountered 384 meters grading 0.096% Mo some 750 meters to the southeast of the current drilling area.
The immediate object of the current Phase 2 program is to define sufficient tonnages of high grade near surface Mo mineralization in hot the 07-19 and 07-13 areas, which could be considered as open pit material.
Falcon Drilling has informed the Company a 2nd drill crew will be arriving at the property within two weeks. The Company is expanding its camp pending their arrival and the arrival of the IP Survey crew. The IP survey is expected to start in the middle of September.
The Company is also pleased to announce the addition of three new claim blocks totaling 500 hectares contiguous with its existing seven claims on the Chu Project. The Company plans to explore this additional ground this fall.
A Drill Plan map is provided on the Company's website at ttmresources.ca.
Terrace Update
The Company is in receipt of the initial interpretation of the Air Magnetics Survey from its 100% owned Terrace Project and is currently reviewing the information. Soil sampling and mapping is planned for September.
Analyses of samples from the current program are completed at Eco-Tech Laboratories in Kamloops, BC. Quoted intercepts are based on analytical analyses for molybdenum. Full assays for molybdenum were run on any molybdenum analyses that exceeded 500ppm. The Company has in place a comprehensive quality assurance/quality control program including standards, blanks and duplicate samples that form part of the sampling protocol. In addition the laboratory has its own quality assurance program. The field program is supervised by Richard Beck, BSc.Geology, and Anastasia Ledwon, BSc Geology, of Hungry Hill Geological Ltd. of Telkwa BC. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. The technical information provided in this press release was reviewed by Charles Ikona (P.Eng.), a qualified person for the purposes of NI 43-101.
For further information visit the Company's web site at www.ttmresources.ca.
TTM RESOURCES INC.
"Crichy Clarke"
W.K. Crichy Clarke
President & CEO
This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, 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. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
TTM Resources Inc.
W.K. Crichy Clarke, President & CEO
or
Tom Brady
604-685-5851
Toll Free: 888-685-5851
Fax: 604-685-7349
www.ttmresources.ca
ir@urg.ca
or
Europe:
Small Cap Invest Ltd.
Alexander Friedrich, 49 (0) 69-24 24 93 49
or 49 (0) 12 12 544 71 04 6
afriedrich@small-cap-invest.com
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