Titan Iron Ore Corp. Commences Geologic Recon Program at Labrador Trough Property
Titan Iron Ore Corp. (“Titan”, “we”, the “Company”) is pleased to announce that it has begun a geological reconnaissance survey of its Titan Trough project in northern Quebec, Canada. This property currently consists of two claim blocks consisting of 202 claims totalling approximately 22,000 acres. Titan’s claims overlay a strong and pronounced geophysical magnetic anomaly typical of the iron formations of the Labrador Trough in which it is located. The areas under claim stretch over a North – South axis of more than 40 miles and are from 3 to 6 miles wide in an East – West direction.
The Company has contracted with Peter Bambic, a professional geologist with more than 30 years experience in this environment, to conduct the survey on the Company’s behalf. In order to cover the maximum amount of ground and to provide access to all of the Company’s property, the work will be supported by helicopter temporarily based at the town of Kuujjuaq on the shores of Ungava Bay. Traverses and survey lines will be run across the strike of the anomaly at points selected to coincide with magnetic highs. Geologic structures will be mapped and recorded and samples gathered for later analysis at SGS laboratory at Lakefield, Ontario.
The field program began August 31, 2011 and is expected to continue for approximately 14 days. Assays and metallurgical testing are expected to be completed six weeks after delivery to the lab.
The Labrador trough is a region that is currently home to number of large producing iron mines including those operated by Consolidated Thompson Iron Mines and Iron Ore Company of Canada: as well as five recently announced projects currently under development or in various stages of exploration.
About Titan Iron Ore Corp.
Titan is based in Tucson, Arizona and trades on the OTC Bulletin Board under the trading symbol “TFER”. The Company is focused on the acquisition and development of iron ore exploration and development mining properties located in regions that enjoy stable politics, sound economies and friendly business environments. Currently the Company has an option to acquire the Wyomex Iron Complex project in Albany County, Wyoming, USA and an option to acquire the Titan Trough project in the Labrador Trough region of Quebec, Canada.
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