TUCSON, Ariz., Feb. 8, 2012 (GLOBE NEWSWIRE) -- Titan Iron Ore Corp. ("Titan", the "Company") (OTCBB:TFER) is pleased to announce the following highlighted results of its winter, 2011 drilling program from the Strong Creek Fe/Ti deposit at the Wyoming Iron Complex located in Albany County, Wyoming. The results from the first hole of the program may not reflect the results of the other holes from which assays are pending. However, visual inspection and analysis done in the core logging exercise indicates that both of the other holes drilled could yield similar results.
The three holes drilled by Titan represent only an 800 foot cross section of the deposit, which covers only 50% of its total estimated width. On the surface the deposit has been tracked for a length of more than 5,000 feet by 1,500 feet wide. All three holes were terminated in mineralized material and it is our expectation that the deposit may be open at depth; indicating that the resource has considerable potential to grow.
| Drill Hole | From (Ft) | To (Ft) | Length (Ft) | Fe2 03 % | TiO2 % | V2O10 |
| SC2011 -01 | 7 | 700 | 693 | 19.98 | 6.10 | 0.112 |
Andrew Brodkey, President of Titan, commented: "We are extremely pleased about the drilling and analytical results from the first hole of our Phase 1, 3-hole drilling program on the Strong Creek property; the larger of the two deposits within the Wyoming Iron Complex controlled by Titan. Iron mineralization was found throughout the first hole, from top to bottom. The origin of the deposit is also somewhat rare in geologic terms. It is believed to be a "Cumulate" that represents a distinct segregation of iron and titanium-bearing minerals in a magmatic chamber."
Iron-titanium mineralization was visually noted throughout the complete length of each of the holes, with iron occurring as magnetite and titanium as ilmenite. This information largely corroborates the historical data developed by the Union Pacific Railroad and other companies who have drilled at the property since the 1950's, although not to the depths completed by Titan.
Recovery of the reported intercept is estimated to be at between 90% and 100% of the core drilled and the geotechnical interval as reported. All samples were prepared from sawn HQ-sized half-core sections at the facilities of Wyoming Analytical Laboratories in Laramie, Wyoming. These samples were then prepared and assayed by Wyoming Analytical, using X-ray fluorescence (XRF) to obtain values for Iron Oxides (Fe2 03), Titanium Dioxide (TiO2) and Vanadium Pentoxide (V2O10); the three components of the ore that have potential commercial value. Additional testing is being performed by SGS Lakefield Laboratories of Lakefield Ontario, Canada, for analyses of total iron using XRF and the magnetic component using the Davis Tube tests.
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, registered member of the Society of Mining Engineers (SME) 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.
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. Forward looking information in this news release include that other drill holes could show similar results to our first hole; that the deposit may be open at depth; indicating that the resource has considerable potential to grow; that the deposit is a "Cumulate"; and that we are exercising our option to acquire the Wyomex project. 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 that results from the first hole may be substantially different than other portions of the property. 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. Even if results on the property are positive, the mineralization may not be sufficiently economic for commercialization. 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.
For further information please go to the Titan Iron Ore Corp. website: www.titanironcorp.com, or
Stephen D. Axelrod, CFA or Adam Lowensteiner
Wolfe Axelrod Weinberger Associates, LLC
317 Madison Avenue, Suite 515
New York, NY 10017
212-370-4500
steve@wolfeaxelrod.com
adam@wolfeaxelrod.com