Four Corners Iron Ore – Titanium – Vanadium Project Gaining Size and Momentum

The Four Corners Mining Corporation(FCMC), operator of the Four Corners Project (FCP) for parent company Triple Nine Resources Ltd. (TNR), private, Canadian Junior Mining Companies both of Stephenville, NL, report 2011 has significantly added to the recognition of a quickly emerging, large tonnage mineral resource on the Four Corners Project.

First discovered as an iron ore project  in 1931 by prospector John Keating it was not until the fall of 2009 that significant concentrations of titanium and vanadium were detected in the magnetite rich iron ore.  Follow-up surface prospecting and trenching together with a 2010 Airborne Electromagnetic (AEM) survey completed by Fugro Airborne Surveys outlined a target zone at least 4.5 kms long and up to 1 km wide.  Concentrations of iron ore, titanium and vanadium were confirmed during the 2010 surface prospecting, trenching and drilling program which tested a 1 km section of the target zone.  (Ref. Press Release, November 3, 2010).

In late May 2011, Geotech Ltd. of Ontario completed AEM surveying over 205 new mining claims staked to cover geology favorable for hosting the FCP mineralization.  (The new claims increased the length of the property from 5 to 21 kms east – west covering 17,257 acres).  The 2011 AEM survey succeeded in identifying high intensity magnetic anomalies within the new project area, summarily listed as follows:

a)  The original “Keating Hill” Anomaly (KHA) is shown to possibly extend a further 4.5 kms along a south-west trending, high magnetic zone and doubling the strike length.

b)  3 new high MAG anomalies located west of the KHA and identified as

–  The “Fault” Anomaly immediately west of the KHA and 3.5 kms in length.

– The “Four Corners” Anomaly a large 4.5 km long by greater than 1 km wide, high intensity anomaly 4 kms west, and

– A 1 km circular anomaly, labeled the “Bulls Eye” Anomaly and situated approximately 12.5 kms west of the KHA.

2010 prospecting in the vicinity of the recently identified “Fault” and “Four Corners” anomalies unearthed bedrock and float mineralization ranging up to 50.30% total iron, 14.64% titanium and 0.277% vanadium and thereby further demonstrating the potential for outlining new mineralized zones.  (These new, MAG response areas quadruples the overall strike length of the highly magnetic targets from 4.5 to 18 kms).  The new targets, with the exception of the satellite “Bulls Eye” Anomaly to the west, are focused along and in close proximity to the Cabot Fault Zone – this fault zone is part of the globally significant suture zone labeled the Baie Verte Brompton Line, a deep penetrating structure that can be a likely source for the mineralized fluids that resulted in the metal concentrations present at the FCP.

2011 assay results received to date for 5 of the 7 holes drilled to test a 2.5 km section of the original KHA are highly positive confirming significant concentrations of all 3 metals down to a maximum vertical depth of 590 metres (1950 ft) in Hole FC-11-01, which is the deepest drill penetration to date.  Hole FC-11-01 returned a weighted average grade of 20.00% Fe₂O₃ T (total iron), 3.50% titanium oxide (TiO₂) and 0.10% vanadium pentoxide (V₂O₅) over the entire core length of 602 metres (2035 ft) and includes a 254.80 metre section grading 23.81% Fe₂O₃ T, with enriched titanium and vanadium, such as 5.28% and 0.14% respectively, over 123.50 metres.

This thick sequence of persistent mineralization and higher grade intervals are evident throughout the assays for all 5 holes received to date; for example FC-11-05 drilled 1600 metres northwest along strike from FC-11-01 and drilled to a core depth of 310.00 metres yielded a weighted average grade of 21.93% Fe₂O₃ T, 5.73% TiO₂ and 0.12% V₂O₅ throughout the hole with an enriched 57.60 metre interval grading 29.63% Fe₂O₃ T, 8.19% TiO₂ and 0.16% V₂O₅.

TNR and FCMC Chairman and CEO Mr. Len Muise states these latest exploration successes are quickly gaining prominence for this strategically located mineral resource along the Burgeo Highway, 55 kms east of the ice free, deep water port at Stephenville.  He adds the pervasive (widespread) mineralization encountered along the 2.5 km drill tested section of the 4.5 km long KHA allows for the visualization of a very large mineral resource.  Mr. Muise notes the 2011 results confirming that the pervasive mineralization within the original “Keating Hill” Anomaly and the delineation of 4 new AEM anomalies aggregating a total strike length of 18 kms of high intensity magnetic responses are a further indication of the potential for the FCP to host a vast mineral resource which can be speculated to be in the order of several billion tonnes.

To ensure the success of identifying a 43-101 compliant resource at Four Corners independent consulting firms specializing in exploration, mining and metallurgical services are being engaged.  These firms include SRK Consulting, mining specialists with offices in over 40 countries, SJV (Geophysical) Consulting Ltd. of Delta, B.C., ALS Ammtec Metallurgy of Australia for metallurgical testing, and environmental consultants Stantec Consulting Ltd. of St. John’s, NL.  These companies will work with technical advisor Dr. George Gale, P.Geo. and Senior Project Manager, Vic French, P.Geo. in providing high quality servicing of the technical requirements for the Four Corners Project.

TNR also advises that updates of the website are in progress and should be available for viewing within the next few days at www.triplenineresources.com.

Industry consultant, Victor A. French, P. Geo., Vice President of Exploration for Triple Nine / Four Corners and a qualified person as defined by National Instrument 43-101 reviewed the scientific and technical information contained in this news release.