TTM Resources Inc's Profile

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TTM RESOURCES INC. CHU PROJECT INITIAL RESOURCE ESTIMATED AT 655 MILLION POUNDS OF MOLYBDENUM (Mo)

TTM Resources Inc announces its Initial NI 43-101 Compliant Indicated Resource - High Grade Mo of 57.1 Million Tonnes of .104% Mo (0.08% cutoff) as part of 235.3 Million Tonnes of 0.067% Mo (0.040% cutoff) and Inferred Resource ? High Grade Mo of 44.4 Million Tonnes of 0.100 % Mo (0.08% cutoff) as part of 221.5 Million Tonnes of 0.063% Mo (0.04% Mo cutoff). Most of the resource estimated here is located between surface and a depth of 500 meters. The deposit is open to depth.

TTM Resources Inc. is a Vancouver, British Columbia; Canada based publicly trading resource Exploration Company, focused on four assets in British Columbia, Canada. the Chu Molybdenum Project, the Terrace Molybdenum Project, the Deeker Creek Molybdenum Project and the Moly/Gold Project.

Exploration programs for 2008 will concentrate mainly on the Chu Project. The Chu Project Mo resource was previously explored in the early 1980?s by more than 4,000 meters of diamond drilling. The discovery is located 75 Kilometers from Thompson Creek Metals Company Inc.?s (one of the world's largest publicly traded, pure molybdenum producers) Endako Mine. The Chu is an area of molybdenite mineralized meta-sedimentary rocks adjacent to a granodiorite intrusive stock. Molybdenum occurs in a quartz ? molybdenite stockwork hosted in a hornfelsed siltstone. Drilling thus far has identified sections of higher grade molybdenite mineralization. To date the drilling on the CHU Project has outlined mineralization extending over 1.7 Kilometers in length, over 700 meters in depth, and 300 meters wide. The deposit remains open in all directions. TTM has completed over 21,000 meters of core drilling program with numerous long intercepts of ore grade molybdenum including drill hole 19 which delivered 504.4 meters of .109% Mo. Assay results are indicating that the deposit would have a low stripping ratio as the mineralization extends to near surface. Currently there are two diamond drills operating on the CHU property engaged in resource expansion and resource category upgrading activities.

Last changed at 03-Sep-2011 02:44AM by AGORACOM-GT

Management & Directors

  • Robert Sibthorpe

    Director

    Mr. Sibthorpe holds a Bachelor of Science degree in geology and a Masters of Business Administration from the University of Toronto. He worked as a mining analyst and director of Yorkton Securities Inc. in Vancouver from 1986 to 1996 and he was an independent mining consultant from 1996 to 1999 when he joined Canaccord Capital Corporation as a mining analyst. Mr. Sibthorpe was Senior Vice-President of Ivanhoe Mines Ltd., a Toronto Stock Exchange listed company, from March 2001 to January 2003. Mr. Sibthorpe is a director of Madison Enterprise Corp., Trio Gold Corp., Klondex Mines Ltd., Oromin Explorations Ltd., and Black Pearl Minerals Consolidated Inc. all Exchange listed companies.

  • Richard Jordens

    Secretary and Director

    Richard Jordens, Secretary and Director
    Mr. Jordens brings a wealth of experience in the Construction business and will provide the Company with additional guidance and direction. Mr. Jordens is a significant shareholder of the Company and has participated in the seed, flow through and IPO financings of the Company.

  • Warren Robb (P. Geo.)

    Chief Operating Officer & Vice President Exploration and Director

    Warren Robb (P. Geo.) Chief Operating Officer & Vice President Exploration and Director
    Mr. Robb graduated from the University of British Columbia in 1987 with a BSc Geology and brings to the Company over 20 years of exploration experience in Canada and Internationally . Mr. Robb has worked for both senior and junior mining companies and has extensive operational and drill program management experience ranging from small preliminary testing to expansive programs for ore reserve definition to mining operations. Mr. Robb has experience in a variety of mineral deposit types, including porphyry copper-gold, epithermal and mesothermal gold vein systems, volcanogenic massive sulphide deposits, skarn deposits, diamond bearing Kimberlites and diamond bearing alluvial gravels. Mr. Robb has managed exploration programs for precious and base metals throughout Canada, USA, China, Africa and South America.

  • Terrence A. Lyons

    Chairman of the Board and Director

    Terrence A. Lyons, Chairman of the Board and Director
    Mr. Lyons brings over 31 years of business experience in natural resources, manufacturing, real estate, merchant banking and corporate restructuring activities to the Company. After completing a Bachelor of Science in Civil Engineering, Mr. Lyons attended the University of Western Ontario, graduating with a Masters of Business Administration in 1974. Mr. Lyons was an applications engineer and marketing specialist with Catepillar Tractor and subsequently Finning Tractor and General Manager of South Western Drug Warehouse Ltd. In 1976 Mr. Lyons joined Versatile Corporation as Corporate Planning Manager, moving through a variety of senior positions in strategic planning, budgeting, finance, mergers, acquisitions and project management. In 1986 he became Senior Vice-President of Versatile Corporation and presided over the restructuring of the corporation, which is now known as BC Pacific Capital Corporation, a senior merchant and investment banking which is part of Brascan Financial Corporation and the Brascan Group. Mr. Lyons is a director and officer of several public corporations including: director of BC Pacific Capital Corporation from May, 1988 to present; Chairman and director of Northgate Minerals Corporation from August, 1993 to present; Diamond North Resources Ltd., President and director of FT Capital Corporation from 1990 to the present; and director of International Utility Structures Inc. from March, 1991 to March, 2005. Mr. Lyons has been a director of Canaccord Capital Inc. since June of 2004. Mr. Lyons is also a director of several private companies. Mr. Lyons is a former director of Battle Mountain Gold Company, Bralorne Resources, Persona Inc. and former Chairman of Westmin Resources Limited. Mr. Lyons has been active in Junior Achievement, the United Way, Special Olympics and other charitable and sports organizations. Mr. Lyons is a Governor of the Olympic Foundation of Canada, former Chairman of Sport B.C. and a member of the Advisory Board of the Richard Ivey School of Business at the University of Western Ontario.

  • Donald Davidson

    Advisor to the Board

    Mr. Davidson was recently appointed to the Board of Directors of Sprott Molybdenum Participation Corp., a Toronto Stock Exchange listed company. Mr. Davidson brings over 50 years of experience in the mining industry in Western Canada and the United States, including experience relating to the mining of molybdenum. He has been a self-employed mining/geological consultant for the past 26 years. Prior to that, Mr. Davidson was employed by Climax Molybdenum Company where he first worked at Climax Colorado and was subsequently posted as the resident geologist and project supervisor for a major underground project in Smithers, B.C. Mr. Davidson also gained molybdenum exposure at the French mine in Hedley B.C., B.C. and Bell Molybdenum in Kitsault, B.C., and Canol Metal Mines in the Yukon. Mr. Davidson is a professional engineer in the province of British Columbia, holds a masters degree in geological engineering from the University of British Columbia and has completed graduate studies in soil mechanics.

  • Charles Ikona P.Eng

    Advisor to the Board

    Mr. Ikona is a Registered Professional Engineer in the Province of British Columbia. He is a graduate of the University of British Columbia with a degree in Mining Engineering (1966). He has been a principle in Pamicon Developments, a contract consulting and Service Company, for 25 years and has experience in a wide range of geological environments in exploration, development, and production. He has underground, open pit, and processing experience in both hard rock and placer mining.

  • David R.C. McMillan

    Director

    Mr. McMillan brings years of experience in Brokerage and Corporate Finance to the Company. Previously he was an investment advisor with Yorkton Securities Inc. (now Blackmont Capital Inc.) from 1983-2000 and was senior vice president and a director of Yorkton from 1995 to 2000. Since 2000 he has been a self-employed venture company consultant and currently serves as President, CEO and Director of Canada Gas Corp and Metal Quest., both Exchange listed companies.

  • Michele Pillon

    Chief Financial Officer

    Ms. Pillon is an accountant with several years experience in the junior mining exploration sector, providing accounting and regulatory assistance to public companies. Since May 2005, she has worked as an accountant to United Resource Group. Ms. Pillon’s prior employment includes: International Portfolio Management from June 2001 to April 2005; Whytecliff Capital Corp. from December 1999 to December 2000; and, Mineral Development Group from May 1995 to August 1999.

    Ms. Pillon has been a director and/or officer of a number of public companies listed on the TSX Venture Exchange.

  • W.K. Crichy Clarke B.A

    President, Chief Executive Officer and Director

    Mr. Clarke spent 12 years from 1975 to 1987 with the Royal Bank of Canada and eight years from 1987 to 1994 in the investment business. He is currently involved with a number of private companies in British Columbia and Alberta which are involved in investments in real estate, securities, car wash businesses in Edmonton, Alberta, and various other investment activities. Mr. Clarke obtained a Bachelor of Arts degree from the University of British Columbia.

Broker Fact Sheet

  • TTQ Broker Fact Sheet
    Thu Mar 29, 2019
    Fact sheet details
TTM Resources Inc
Symbol
TTQ
Exchange
TSX-V
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49, 329,989
Industry
Metals & Minerals
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