Out just after the close today.
TTM Resources Inc.
TSX-V Symbol: TTQ
Frankfurt Stock Exchange Symbol: T2U
US Clearing Symbol: TTMRF
Issued and Outstanding 47,586,489
PRESS RELEASE May 4, 2009
Corporate Office:
202 – 750 West Pender St
Vancouver, BC Canada V6C 2T7
Tel: (604) 685-1144 Fax: (604) 685-9887
Toll Free: (888) 685-1144 email: ir@ttmresources.ca web: http://www.ttmresources.ca
TTM Chu Molybdenum Project Accepted by
BC and Canadian Environmental Assessment Agencies
2009 Drill Highlights
W027 100 Meters of .102% Mo
W024 8 Meters of .135% Mo
SGS Lakefield Preliminary Metallurgical Results
The Company is pleased to report that it has received from the British Columbia Environmental Assessment Office (BCEAO) a Section 10 Order for TTM Resources Inc.’s Chu Molybdenum Project located 85 kilometers south of Vanderhoof B.C. in the Omineca Mining Division.
The Chu Molybdenum Project description was submitted by the company on April 2, 2009 and received a Section 10 order from the BCEAO on May 1, 2009. The Section 10 Order is recognition by the British Columbia Government that the Chu Molybdenum Project is reviewable project under the Environmental Reviewable Projects Legislation and will require an environmental assessment certificate prior to obtaining mining permits.
The project description for the company’s Chu Molybdenum Project outlines TTM’s proposed open pit molybdenum mine at a production rate of 60,000 tonnes per day for annual production of 21 million tonnes over a projected 31 year mine life. At this projected mining rate the project would produce in excess of 600 million pounds of molybdenum and in excess of 450 million pounds of copper. The proposed project would also include 120 kilometers of electric power transmission lines, an electric powered mill facility consisting of crushing, grinding and conventional flotation concentration yielding a molybdenite concentrate.
The project description has now been accepted by the BC and Canadian Environmental Assessment Agencies and the newly formed Federal Major Projects Management Office. The three offices will now inform TTM which First Nations, local Communities, Provincial and Federal Agencies and other affected Stakeholders will form the Review Committee for the assessment.
“This is a very important step in our continuing efforts to develop the Chu Molybdenum Project into a productive, thirty year mine. We look forward to working with the Review Committee and particularly the Town ofVanderhoof and our First Nations Partners, to move towards that end.” says Mr. Crichy Clarke President and CEO of TTM Resources Inc.
The project description can be viewed on the BCEAO website link
http://a100.gov.bc.ca/appsdata/epic/...
