In January 2010, Prophecy entered into an option agreement to acquire 80% interest of the Titan Vanadium-Titanium-Iron Project from Randsburg International Gold Corp (TSX.V: RGZ). Click here for the news release of January 14, 2010 outlining the transaction.

TITAN HIGHLIGHTS

  • A deposit in Ontario, Canada, between Angus and Flett Townships, with access to excellent infrastructure
  • 142 meters of 0.27% Vanadium (0.48% Vanadium Pentoxide) from hole RA-5-21 and 174 meters of 0.26% Vanadium (0.46% Vanadium Pentoxide) from hole RA-5-10. The mineralization started from surface to an open vertical depth of 500 meters. The complete horizontal and vertical extent of the deposit is still to be determined.
  • Aeromagnetic anomaly that is approximately 1,200 by 800 meters in area

NEXT STEPS

  • Surveying of drill holes and project area to obtain more accurate drill hole coordinates and site topography
  • To commission the metallurgy testing in preparation to a preliminary assessment of the Titan Project

RECENT MILESTONES

  • On June 28 ,2010, Prophecy has commenced an exploration program on its Titan Vanadium/Iron Project. The program comprises 22 line kilometres of linecutting covering over 2.7 square km in 100 m intervals that will extend the current surveyed grid west and southwest of the Titan Ti-V-Fe deposit. A ground magnetometer survey will be conducted over this extension.

TECHNICAL REPORT