TTM Resources Inc.

TTM Resources Inc.

July 11, 2007 12:54 ET

TTM Resources Inc.: CHU Phase 2 Program Intersects Additional High Grade Mo in Hole 07-16-0.096% Mo Over 216.4 Meters Including 0.205% Mo Over 28.7 Meters

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 11, 2007) - W. K. Crichy Clarke, President and CEO of TTM Resources Inc. ("TTM" or the "Company") (TSX VENTURE:TTQ)(PINK SHEETS:TTMRF)(FRANKFURT:T2U) is very pleased to announce assay results for an additional two diamond drill holes from the Phase 2 drill program at its 100% owned Chu Molybdenum Project 65 Km Southwest of Vanderhoof, British Columbia, Canada. The current results, drilled from set-ups permitted during Phase 1, demonstrate vertical continuity of the molybdenum-rich mineralized zone intersected in previous drilling.

CHU 07-16 was drilled across the deposit on Section 4+20 West to investigate the 250 meter gap in depth between drill holes CHU 06-01 and 82-2, both of which bottomed in good molybdenite mineralization. Drill hole CHU 07-16, drilled longer than these two holes, returned 216.4 meters grading 0.096% Mo from 343.5 to 559.9 meters indicating that the zone on this profile is some 50 meters wider than previously thought. This hole included a high grade interval of 28.7 meters grading 0.205% Mo from 453.1 to 481.8 meters.

CHU 07-15 was drilled across the deposit some 560 meters southeast of CHU 07-16 and defined the near surface mineralized zone 200 meters above Phase 1 hole CHU 06-12, this returned an interval of 213 meters grading 0.061% Mo including intervals of 33.5 meters grading 0.076 %Mo and 66.5 meters grading 0.086% Mo. The hole was lost at 397 meters due to bad ground conditions in strong Molybdenite mineralization.

Drill CHU Hole 07-17 is complete and assays are pending. The bottom of this hole encountered porphyry style molybdenite mineralization in an intrusive with strong silicification and potassic alteration not seen in drill core before at CHU. This intrusive may represent the source of the molybdenum-copper mineralization present in the stockwork in the adjacent hornfelsed sediments, intercalated granodiorite and volcanic host rocks. Hole CHU 07-18 is currently being drilled and is expected to be completed in the next few days. Drill results from both holes will be released once assay results have been received.

A drill capable of reaching greater depths has been moved to the property by Falcon Drilling, as all areas of the property are open at depth. The Company intends a series of deep holes to attempt to establish the depth of the mineralization.

Grid cutting has been completed with approximately 75 Kilometers of line cut. An Induced Polarization Geophysical Survey is also complete. This was done to confirm the existing mineralization and view the surrounding area. The final report will be received in due course.

Copper is generally present in a 1 to 1 ratio with Molybdenum in drill holes from the CHU property. For holes drilled in a southwesterly direction (CHU 07-15 and CHU 07-16), true widths are estimated to be between 60-80% of reported widths depending on the dip of the hole. A Drill Plan map is provided on the Company's website at

Terrace Project Update

The Company is also pleased to announce that Edcon PRJ will be flying an Aero Magnetic survey on this property next week to assist in planning this summers exploration program.

Analyses of samples from the current program are completed at Eco-Tech Laboratories in Kamloops, BC. Quoted intercepts are based on analytical analyses for copper and molybdenum. Full assays for molybdenum were run on any molybdenum analyses that exceeded 500ppm. The Company has in place a comprehensive quality assurance/quality control program including standards, blanks and duplicate samples that form part of the sampling protocol. In addition the laboratory has its own quality assurance program. The field program is supervised by Richard Beck, BSc.Geology, and Anastasia Ledwon, BSc Geology, of Hungry Hill Geological Ltd. of Telkwa BC. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. The technical information provided in this press release was reviewed by Charles Ikona (P.Eng.), a qualified person for the purposes of NI 43-101.

About TTM Resources Inc.

TTM Resources Inc. is an exploration company focused on the development of the Chu molybdenum project and has several other molybdenum properties in British Columbia, Canada.

For further information visit the Company's web site at


W.K. Crichy Clarke, President & CEO

This communication to shareholders and the public contains certain forward-looking statements. Actual results may differ materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • TTM Resources Inc.
    W.K. Crichy Clarke
    President & CEO
    (604) 685-5851 or Toll Free: 1-888-685-5851
    TTM Resources Inc.
    Tom Brady
    (604) 685-5851 or Toll Free: 1-888-685-5851
    (604) 685-7349 (FAX)
    Small Cap Invest Ltd - Europe
    Alexander Friedrich
    49 (0) 69-24 24 93 49
    49 (0) 12 12 544 71 04 62 (FAX)