TUCSON, Ariz., March 14, 2012 (GLOBE NEWSWIRE) -- Titan Iron Ore Corp. ("Titan", the "Company") (OTCBB:TFER) is pleased to announce the results from drill hole SC2011-03 of its winter, 2011 drilling program at the Strong Creek iron-titanium project. Strong Creek is part of the Wyoming Iron Complex located in Albany County, Wyoming. Hole 3 included grades as high as 22.77% iron oxide (Fe2O3) and 8.61 % titanium dioxide (TiO2).
The distance between holes 1 and 2 is 551 feet, and hole 3 is located 767 feet from hole 1 and 328 feet from hole 2. Holes drilled by Titan represent approximately a 722 foot cross section of the deposit, which covers only around 50% of the mineralized zone's estimated width in the area drilled. Where Titan drilled is in close proximity to previous exploration holes and the current program is expected to corroborate the data from these earlier drill holes. The surface expression of the deposit has been traced over a strike length of more than 5,000 feet with a variable width ranging from 500 to over 800 feet wide. All three holes in this program were terminated in iron-titanium mineralization. It is the Company's interpretation that the iron-titanium mineralization is therefore open at depth, indicating that the resource may have considerable potential to grow.
| Drill Hole | From (Ft) | To (Ft) | Length (Ft) | Fe2 03 % | 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 |
| SC2011 – 03 | 0 | 597 | 597 | 16.58 | 4.58 | 0.11 |
| Including | 0 | 137 | 137 | 13.39 | 2.09 | 0.07 |
| and | 137 | 297 | 175 | 17.06 | 6.01 | 0.13 |
| and | 312 | 597 | 280 | 17.94 | 4.89 | 0.12 |
Andrew Brodkey, President of Titan, commented: "We are thrilled 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. Potentially economic grades of iron and titanium mineralization were found throughout each of the three holes, from top to bottom. We have retained SGS Lakefield to perform more comprehensive metallurgical tests to determine the potential to recover concentrates of both magnetite and ilmenite from the Strong Creek materials. Initial testing performed by Hazen Research in 1993 focused entirely on production of a high quality ilmenite (titanium) concentrate and did not optimize the circuit to recover iron ores."
Mr. Brodkey concluded, "Based on the very positive results from the first three holes of our drilling program we plan to continue to delineate the resource along strike and width as well as to depth as we believe the property has significant additional value that requires further drilling to validate. We intend to explore the entire mineralized zone."
As in the first and second drill holes, iron-titanium mineralization was noted throughout the complete length of hole 3, with iron occurring as magnetite and titanium as ilmenite. Core recovery in all three holes was excellent, which was estimated during logging at between 90% and 100% of the core drilled. Drill core was extremely solid with a very high rock quality index (RQD) of between 85 to 95%. On multiple occasions, intact five-foot lengths of core were recovered from the core barrel in all three holes.
All samples were prepared from HQ-sized core, which was sawn in half at the facilities of Wyoming Analytical Laboratories in Laramie, Wyoming. One half of the core was delivered to the laboratory for analysis, and one half of the core was retained for reference and future work. The samples were then prepared and assayed by Wyoming Analytical Laboratories Inc, using x-ray fluorescence (XRF) to obtain values for iron oxides (Fe203), titanium dioxide (TiO2) and vanadium Pentoxide (V2O5); the three components of the mineralization that have potential commercial value. Additional testing is being performed by SGS Lakefield Laboratories of Lakefield Ontario, Canada, for analyses of total iron using induction-coupled plasma analysis (ICP) and for the magnetic component using Davis Tube tests, an iron-industry standard analysis method.
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 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 the current program is expected to corroborate the data from these earlier drill holes, that the deposit may be open at depth; indicating that the resource has considerable potential to grow; that we plan to delineate the resource along strike and width as well as to depth as we believe the property has significant additional value; that we intend to explore the entire mineralized zone. 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.
For further information please go to the Titan Iron Ore Corp. website: www.titanironcorp.com