The Conversation (0)
Titan Uranium Inc (CVE:TUE) reports that it has entered into an option agreement with Eagle Trail properties and Rainmaker Mining Corp (CVE:RMG).
The press release is quoted as saying:
The property is located immediately to the east of Titan’s 100% owned Sand Hill Lake property. The property includes 5 claims for a total of 10,910 hectares. The current owners are Eagle Trail Properties Inc (75%) and Rainmaker Mining Corp (25%).
The terms require Titan to carry out exploration work on the following schedule;
-$175,000 by October 30, 2012
-$175,000 by October 30, 2013 and
-$150,000 by October 30, 2014.
During the option period, Titan will be the project operator.
Titan’s President and CEO, Chris M. Healey says:
“This acquisition is an important add-on to our highly prospective Sand Hill Lake property. Conductive trends on Sand Hill Lake extend on to this property and on towards adjacent properties with known uranium mineralization.”
Click here to access the entire news release.
Click here to access Titan’s company profile.(TSXV:TUE)