TUCSON, Ariz., Dec. 1, 2011 (GLOBE NEWSWIRE) -- Titan Iron Ore Corp. ("Titan," the "Company") (OTCBB:TFER) is pleased to announce progress on its exploration activities at the Wyoming Iron Complex located in Albany County, Wyoming.
Titan has retained West-Core Drilling, LLC of Elko, Nevada to complete a 2,000-foot drilling program with three drill sites located on the Strong Creek property, the larger of the two projects held by Titan within the Wyoming Anorthosite Complex. To date, two holes have been completed by West-Core totaling 1,352 feet consisting of one 700-foot hole and the second at 652 feet, with drilling of the third and last hole underway. Inspection of sawn drill core indicates the presence of iron-titanium mineralization throughout the complete length of both holes, with iron occurring as magnetite and titanium as ilmenite. Assay results from Wyoming Analytical Laboratories, in Laramie, Wyoming with additional testing by SGS Lakefield Laboratories of Lakefield Ontario, Canada, are pending and will be released once they become available, which is anticipated to be before the end of January 2012.
Review by Qualified Person and Quality Control
The contents of this news release have been reviewed and approved by Mr. John Hiner, L.P. Geo. Mr. Hiner is a Registered Geologist in the State of Washington and a qualified person (QP) as defined in NI 43‐101. Mr. Hiner is completely independent of Titan, owning no securities of any kind in the Company.
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.
On Behalf of the Board,
TITAN IRON ORE CORP.
/s/ Andrew Brodkey
Andrew A. Brodkey
President and CEO
Forward Looking Statements
This news release contains forward-looking statements including those about the Company's strong belief that this property has the potential to develop into a major iron ore mine. There can be no certainty regarding the ability of the Company to achieve these results. Factors which may delay or prevent these results from coming to fruition include weather and access impediments; inability of consultants to complete the exploration programs, and inability of labs and third parties to deliver results. As well, results may differ as a result of geological data resulting in changed plans for exploration, the Company's potential inability to contract equipment and labor or finance its plans, current economic conditions and the state of mineral exploration and mineral prices in general. As a result, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws. Readers should also refer to the risk factors of junior mining exploration companies as disclosed on EDGAR to understand the many risks facing our company.