TUCSON, Ariz., Feb. 22, 2012 (GLOBE NEWSWIRE) -- Titan Iron Ore Corp. ("Titan", the "Company") (OTCBB:TFER) is pleased to announce the following highlighted results from drilling hole #2 of its winter 2011 drilling program from the Strong Creek Fe/Ti deposit at the Wyoming Iron Complex located in Albany County, Wyoming. The average iron oxide concentration is potentially economic material in terms of its iron and titanium content despite some local variability in the assays. Lower grade material in the hole was interspersed with higher grade material that resulted in a lower overall grade for the second reported interval of the hole. This included grades as high as 15% iron oxide and 5.6 % titanium dioxide. Results from the third hole are expected by month's end.
The distance between holes 1 and 2 is approximately 500 feet. Holes drilled by Titan represent only an 800 foot cross section of the deposit, which covers only 50% of its total estimated width. The area being drilled is in close proximity to holes drilled in earlier exploration efforts and the data from these holes is being corroborated by the current program. At least one of the earlier holes has been twinned by the current program although Titan's hole extended the data base to a much deeper horizon. The surface expression of the deposit has been traced over a continuous area of more than 5,000 feet by 1,500 feet wide. All three holes in this program were terminated in mineralized material and it is our expectation that the deposit may be open at depth suggesting that the resource has considerable potential to grow.
| Drill Hole | From (Ft) | To (Ft) | Length (Ft) | Fe2O3 % | TiO2 % | V2O10 |
| SC2011 – 01 | 7 | 700 | 693 | 19.98 | 6.10 | 0.112 |
| SC2011 – 02 | 0 | 652 | 652 | 16.57 | 5.17 | 0.09 |
| Including, | 0 | 410 | 410 | 18.18 | 5.89 | 0.11 |
| And, | 410 | 550 | 140 | 14.24 | 4.63 | 0.06 |
| And | 550 | 652 | 102 | 17.07 | 4.63 | 0.07 |
Andrew Brodkey, President of Titan, commented: "We continue to be encouraged with the results of the drilling and assays from 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. Ore grade Iron mineralization was found throughout the first two holes, from top to bottom. We are initiating more comprehensive metallurgical tests with SGS Lakefield to determine the methodology to recover concentrates of both magnetite and ilmenite from the Strong Creek materials. Initial testing performed by Hazen Research in 1993 focussed entirely on production of a high quality ilmenite (Titanium) concentrate and did not optimize the circuit to recover iron ores."
As in the first hole, Iron-titanium mineralization was visually noted throughout the complete length of each of the first two holes, with iron occurring as magnetite and titanium as ilmenite. Core recovery of the reported intercept continues to be high, estimated at between 90% and 100% of the core drilled. Drill core was amazingly solid with a very high rock quality index of between 85 to 95%. On more than one occasion, five foot lengths of core were recovered from the core barrels.
All samples were HQ-sized core sawn in half at the facilities of Wyoming Analytical Laboratories in Laramie, Wyoming. The half-core 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 results from the third hole are expected by month's end, that the third hole 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. 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 drilled holes reported 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.