The property contains an historical resource estimate of 1,650,000lbs eU3O8 (1,520,000 tons averaging 0.054% eU3O8).
Titan president Chris Healey said that this addition to its Sheep Mountain project continues its objective of adding to the value of the property,.
"We intend to include this area in our summer drill program at Sheep Mountain, with the ultimate objective of upgrading the historical estimate to a fully compliant resource in a timely manner," Healey said.
The historical resource estimate was completed by Kerr-McGee in the mid-1970’s, prior to the implementation of NI 43-101.
The company said that most of the uranium mineralization located on these claims lies at shallow depths, less than 250ft below surface.
The host formations for the mineralization are the Buck Springs formation of Cambrian age and the Madison limestone of Mississippian age.
