Titan Resources LimitedDear SirEarly Nickel Encouragement at...

Titan Resources Limited
Dear Sir
Early Nickel Encouragement at Widgie 3
Gold Potential Confirmed at Munda

Please find following our announcement regarding the above matter.
Yours faithfully
Jeffrey Gresham
Early Nickel Encouragement at Widgie 3
Gold Potential Confirmed at Munda
Titan Resources Limited is pleased to announce results from RC percussion drilling at the
Widgie 3 prospect near Widgiemooltha in Western Australia. Confirmatory gold assay results
from re-sampling of previously reported composite RC percussion drill intercepts at the Munda
prospect have also been received (Fig 1).
Assay results from two RC holes at the Widgie 3 prospect (100% Titan) have been received.
These holes were designed to test the potential for shallow nickel sulphide mineralisation
beneath the existing 50m deep open pit (Fig 2). Best intersection was from hole WDC 236
with 8m @ 1.80% Ni from 126m down hole, on the ultramafic-mafic contact. Hangingwall
mineralisation, including 1m @ 1.38% Ni from 154m was recorded in WDC 237. Assay results
are awaited from three RC precollared diamond drill holes at Widgie 3.
At the Munda nickel-gold prospect (Titan in joint venture with Consolidated Minerals Ltd), hole
WDC 235 had recorded a 4m (composite sample) intercept assaying 17.95 g/t Au from 96m
down hole, hosted in mafic volcanics in the footwall to ultramafic-mafic contact nickel
mineralisation. Re-assaying of 1m riffle split samples confirmed the high tenor gold
mineralisation with 2m @ 21.73 g/t from 96-98m down hole. Significant 1-2.4 g/t gold
intercepts were also recorded in the mafic volcanic footwall to nickel mineralisation in hole
WDC 232 (see Table 1 and Fig 3). Assay results are awaited from four RC precollared
diamond holes drilled at Munda.
Titan Managing Director, Jeff Gresham commented, “At Widgie 3, the limited drilling completed
to date indicates that further work is justified to assess the potential for defining a near-surface
resource immediately below the existing open pit.
“At Munda, the positive gold results recorded in the immediate footwall to the ultramafic-mafic
contact-related nickel mineralisation confirms the close spatial association interpreted from
previous drilling and provides us with encouragement for possible exploitation of both nickel
and gold in any future mining scenario.”
Further drilling programs are planned to commence later this month to advance the
understanding of the near surface gold mineralisation and to test for depth extensions of the
nickel sulphide mineralisation at Munda and the nickel mineralisation beneath the open pit at
Widgie 3.
Table 1: Significant Nickel and Gold Assay Results from Munda and Widgie 3 Prospects
Drilling Significant Assays
Hole No N E Dip/Az Depth (m) Total From (m) To (m) Intersection (m) Ni % Au ppm
RC/RC
Precollar
DD
Munda
WDC232 6513860 360340 -60/180 156 156 102 107 5 2.11*
111 114 3 1.07
119 121 2 2.4
148 149 1 2.11
WDC233 6513960 360340 -60/180 200 200 159 165 6 0.67*
WDC234 6513980 360400 -60/180 225 225 181 183 2 0.70*
WDC235 6513840 360420 -60/180 108 108 79 85 6 3.29*
86 87 1 2.34
96 98 2 21.73
101 102 1 1.76
Widgie 3
WDC236 6512095 365895 -60/235 157 157 126 134 8 1.80
WDC237 6512162 365892 -50/235 192 192 124 132 8 0.91
154 155 1 1.38
160 164 4 0.96
Note: All RC drill samples from the mineralised intercepts were dry, with acceptable sample
recovery. Samples were collected from one metre sample intervals as riffle split samples and
submitted to independent assay laboratory, ALS Chemex for nickel (multi acid digest/ICP), gold
(50g fire assay) and multi-element analysis (ICP-AES). Gold results are reported using a
nominal 1ppm lower limit, with no top cut.
* Previously announced intersections.
For further information on these matters and on Titan Resources Limited in general please contact:
Mr Jeffrey Gresham, Managing Director / Chief Executive Officer
Titan Resources Limited
PO Box 1073
West Perth WA 6872
Telephone: +61 8 9481 6040 Facsimile: +61 8 9481 6035
Note: “The information in this report that relates to exploration results, mineral resources or ore reserves is based on information
compiled by Mr Peter McMickan, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr McMickan is a full
time employee of Titan Resources Limited and has sufficient experience which is relevant to the style of mineralisation and type of
deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004
edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr McMickan
consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.”
FIGURE 1
FIGURE 2
FIGURE 3