Overview
Property Overview
 The Company acquired a 10% production carried interest in seven separate properties (through to the completion of a feasibility study and the public announcement that a mine be put into production) totaling over 310,000 acres in the southwestern and northeastern areas of the Athabasca Basin. One of these properties, Castle, surrounds the recent uranium discovery at Shea Creek made by Areva Resources (PARIS: CEI). Shea Creek is considered to be the best new uranium discovery in the Athabasca, and Areva Resources recently announced they were beginning an underground development and exploration program. Titan is currently drilling the Castle property, and they hope Shea Creek mineralization extends on to their property.
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Historic Exploration/Production
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Titan's main project, the 73,093 acre Castle Property, surrounds Areva Resources/UEX Corporation (TSX: UEX)'s Shea Creek prospect on the north, east, and south. The Shea Creek property has been explored since 1990. It is made up of a number of high-grade mineralized zones, including Collette (16.2 meters of 2.57% U3O8), Kianna (27.4% U3O8 over 8.8 meters, including 58.32% U3O8 over 3.5 meters), and Anne (7.3 meters of 4.97% U3O8).
The Castle project is also located 25 kilometers south of the past producing Cluff Lake Mine, owned by Areva Resources. This mine produced 62 million pounds of U3O8 at 1.3% U3O8 from 1980 to 2002.
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Geology and Mineralization
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The mineralization on the adjacent Shea Creek property is contained in north-south trending structures that are believed to extend onto Titan/Terra's Castle property.
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