Copper-Molybdenum-Gold Porphyry Mineralisation Discovered At Copper Ridge

Titan Minerals Limited (Titan or the Company) (ASX:TTM) is pleased to provide results from the first two diamond drill holes from the Company’s maiden drilling campaign at the Copper Ridge Porphyry prospect at the Linderos Project in southern Ecuador.

Key Highlights include:

• Wide intervals of mineralised porphyry intersected from shallow depths in diamond drilling at Copper Ridge, with significant results including:
  
  • 308m grading 0.4% Copper Eq¹ from 54m downhole in CRDD22-003,
    
    • including a higher-grade intercept of 76m grading 0.5% Copper Eq from 132m downhole; and
  • 91m grading 0.4% Copper Eq from 484m downhole in CRDD22-003- mineralised to end of hole, and remains open
  • 52m grading 0.3% Copper Eq from 82m downhole in CRDD22-001
• Key geological and geochemical datasets are being assembled to facilitate Phase 2 drill planning at Copper Ridge

“We are very pleased to have met with such success on our maiden drilling campaign at Copper Ridge, with results now confirming the presence of wide intervals of mineralised porphyry, with significant copper, molybdenum, gold and silver returned from shallow depths and extending to the end of hole in CRDD22-003.”

“Once all assay results have been received, we will be well positioned to target additional porphyry mineralisation, with foundation geochemical and geological datasets being established to support future exploration programs at Copper Ridge. We believe that this is the beginning of what could be a significant discovery.”

“2022 was a monumental year for our Company in Ecuador. We’ve had dedicated teams working on each project collecting important geological layers and building our understanding, which has resulted in the identification of key targets that will drive size, scale, and potential new discoveries at Linderos, Dynasty and Copper Duke in 2023.”

“The level of interest we’ve had from large corporates and strategic investors in our projects this year is something we haven’t experienced to date, with multiple site visits hosted in recent months and advanced discussions held.”

“After undertaking site visits, walking the ground and visualising outcropping porphyry mineralisation for themselves, strategic investors are clearly excited about the potential opportunity of all three projects, which puts Titan in an enviable position.”

“As a board we will review our position and make strategic decisions in the best interest of our shareholders in what we expect to be a very busy and exciting 2023.”

Linderos Project– Copper Ridge Porphyry Prospect Initial Drilling Results

The Company has completed a maiden campaign comprising eight diamond drill holes for a total of 3,700 metres at the Copper Ridge Porphyry prospect (Copper Ridge) on its Linderos Project in Southern Ecuador. Drilling was designed to target porphyry mineralisation highlighted by surface mapping and geochemistry, and limited historical drilling undertaken at the prospect.

Pleasingly, diamond drilling has been successful in intersecting wide intervals of disseminated and vein hosted porphyry style chalcopyrite-molybdenite-pyrite±pyrrhotite mineralisation from shallow depths.

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