Please find below
the May 14, 2007 news
release from Titan Uranium.
Titan is a well-capitalized Saskatchewan-based uranium
explorer with a very dominant property portfolio in the southwest portion of
the Athabasca Basin. Dejour is the largest Titan
shareholder, holding 17.5-million shares and three-million warrants
representing approximately 34% of Titan’s approximately 52-million shares
outstanding.
In addition to
becoming a major shareholder in Titan, Dejour will be the beneficiary of a 1%
NSR and a retained 10% working interest in each property it is contributing to
Titan to the point of a completed bankable feasibility study. Carlson Creek is one of such contributed properties.
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Titan Uranium Inc. To Commence Drilling on
Carlson Creek Project
Saskatoon, Saskatchewan, Canada, May 14,
2007 – Titan Uranium Incorporated (“Titan”) (TSX-V: TUE, TUE.WT.A) is pleased to announce
that drilling is scheduled to commence on or about May 17, 2007 on the Carlson
Creek project located 20 km along trend of Cameco’s McArthur River mine,
the world’s largest and highest grade uranium producer.
The Carlson Creek project area is located in the east Athabasca Basin,
home to all of Canada’s
current uranium production. In addition to its proximity to the McArthur River
mine, the property is adjacent to the JCU (Canada) Exploration Christie Lake
property which hosts the Paul Bay uranium deposit (Saskatchewan Mineral Deposit
Index- #2654 quoted as 212,941 tonnes grading 3.53% U3O8; 16,570,000 lbs U3O8).
The drill targets on the Carlson Creek property are EM
conductors defined by a 2006 airborne VTEM survey. These basement
electromagnetic anomalies do not appear to have been detected by previous
lower-powered geophysical surveys. Importantly, the Paul Bay
structure can be traced on to the Titan property where it intersects the
conductors, an ideal location for unconformity style uranium mineralization.
Initially 2000 metres of drilling is planned where at least
three drill holes will test the EM conductor axis/structure intersections. The
depth to the unconformity is estimated at 420 metres.
J. Allan McNutt, P.Geo., M.A, Sc. is the qualified person
for this project.
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About Dejour
Dejour Enterprises Ltd. is a micro cap Canadian company
focused on oil & gas exploration and production with a significant
investment in uranium discovery. The company acquires high-impact energy assets
and strategically monetizes them through partnerships and co-ventures to limit
exposure and enhance returns.
Dejour has significant holdings in three of the world's
premiere energy resource regions. This includes 288,000 gross (60,000 net)
acres in the Piceance and Uinta Basins, a vast natural gas play in North
America; and a major interest in Titan Uranium Inc. (TSX-V: TUE), with 1.44
million acres in the Athabasca and Thelon Basins, the world's most recognized
areas for uranium exploration. Finally, the company is pursuing high impact
natural gas opportunities in Canada's
Western Sedimentary Basin,
known as the Peace River Arch Projects, comprising of 49,000 gross acres.
The Company is
listed on the TSX Venture Exchange (DJE.V), OTCBB (DJEEF), and Frankfurt (D5R). Dejour is a reporting issuer to the
SEC. Refer to www.dejour.com for company
details or contact the Office of Investor Relations at investor@dejour.com
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this news release.
Robert L. Hodgkinson, Chairman & CEO
DEJOUR ENTERPRISES LTD.
Suite 1100-808 West Hastings Street, Vancouver, BC Canada V6C 2X4
Phone: 604.638.5050 Facsimile: 604.638.5051
Email: investor@dejour.com
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