TTM Resources Inc. is a Vancouver, British Columbia, Canada based publicly trading resource Exploration and Development 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 where its NI 43-101 Report showed an Indicated Resource of 63.1 Million Tonnes of .104% Mo (0.08% cutoff) as part of an indicated resource of 388.5 million tones of 0.052% Mo (0.04% Mo cutoff) and an Inferred Resource of 35.3 Million Tonnes of 0.099% Mo (0.08% cutoff) as part of 200.9 Million Tonnes of 0.062% Mo (0.04% Mo cutoff). The resource estimated here is located between surface and a depth of 500 meters. 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. To date the drilling on the Chu Project has outlined mineralization extending over 1.7 kilometers in length, over 500 meters in depth, and 300 meters wide. The deposit remains open in all directions. TTM has completed over 40,000 meters of core drilling with numerous long intercepts of ore grade molybdenum including hole 007-19 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 and one diamond drill engaged in exploratory activities.
Terrace Project — 3,403 Hectares, Molybdenum
In the fall of 2006, TTM purchased and staked 8,410 contiguous acres of Molybdenum (Mo) prospective claims. The area is 20 km northeast of Terrace, British Columbia, contiguous with the Shan property. TTM’s claims are on trend with the Shan property, situated directly to the west. An AeroMag survey and a ground sampling and mapping program have been completed to detail the total property.
Deeker Creek — 17,322 Hectares, Molybdenum
The 100% owned Deeker Creek Project consists of forty-five contiguous claims located in the Liard Mining Division, 210 kilometers northwest of Stewart and 65 kilometers southwest of Telegraph Creek in northwestern British Columbia, Canada. The project is situated on the western margin of the intermontaine belt within the Stikine Arch, an area known for precious metal deposits. The Galore Creek copper porphyry deposit is located 25 kilometers southeast of the Deeker Creek Project. In 2005, TTM undertook a prospecting program on the property to explore several areas of interest. Two traverse lines identified a Molybdenum zone approximately three kilometers long with high indications of Molybdenum, zinc, and lead. Currently a review is being conducted of the Moly Zone and previous drill cores from the 1970’s and 974 line kilometer airborne geophysical survey is underway.
Moly/Gold Project — 17,475 Hectares, Molybdenum
An extensive drill program was undertaken on the Road Zone during the summer of 2006. A total of 15 holes were drilled totaling 2000 meters. Results were encouraging with indications of Molybdenum and other metals. Further IP work will be undertaken before additional drilling is undertaken on the project.
Management Team and Directors
W. K. Crichy Clarke
President, CEO & 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.
Chairman, Director & Audit Committee
Mr. Lyons brings over 31 years of business experience in natural resources, manufacturing, real estate, merchant banking and corporate restructuring activities to the Company. 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; director of Diamonds North Resources Ltd. from October, 2004 to present; President and director of FT Capital Corporation from 1980 to present; and director of International Utility Structures Inc. from March, 1991 to March, 2005. Mr. Lyons has been director of Canaccord Capital Inc. since June of 2004.
Director & Audit Committee
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 1999 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.
Director & Secretary
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.
Director & Audit Committee
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 to 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.
Senior Vice President, Exploration & COO &Director
Mr. Robb graduated from the University of British Columbia in 1987 with a B.Sc. 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.
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.