Titan Minerals

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
Titan’s Executive Director and CEO Matthew Carr commented:

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. Weve 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 havent 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.


Click here for the full ASX Release

This article includes content from Titan Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

TTM:AU
The Conversation (0)
Titan Minerals

Titan Minerals

Developing Ecuador’s Underexplored High-Grade Mineral Deposits

Developing Ecuador’s Underexplored High-Grade Mineral Deposits Keep Reading...
Stack of shiny gold bars with embossed details.

Metals Focus: Gold to Average US$4,560 in 2026 on Unpredictable US Trade Policy and Potential Stagflation

Leading gold analysis firm Metals Focus published its annual Precious Metals Investment Focus report on Saturday (October 25).The report outlines the investment options available for those interested in leveraging rising demand for precious metals such as gold and silver. The report also... Keep Reading...
Blackrock Silver Drills 5.03 Metres of 750 g/t AgEq  and Reports Multiple Thick Mineralized Zones in First Assays from Eastern Expansion Drill Program at Tonopah West

Blackrock Silver Drills 5.03 Metres of 750 g/t AgEq and Reports Multiple Thick Mineralized Zones in First Assays from Eastern Expansion Drill Program at Tonopah West

The Eastern Expansion Drill Program Is Targeting Prospective Shallow Mineralization Encountered in Scout Drilling Across a 1.2 Kilometre Trend EASTERN EXPANSION PROGRAM HIGHLIGHTS: TXC25-166 cut 5.03 metres grading 750 grams per tonne (g/t) silver equivalent (AgEq) (306.8 g/t silver (Ag) & 4.06... Keep Reading...
Metal Bank

MBK Update - HAS Gold Assets Acquisition

Metal Bank Limited (‘MBK’ or ‘the Company’) is pleased to advise the successful completion of the phase one drilling program by Hastings Technology Metals Ltd (HAS) at the Seven Leaders prospect, one of the multiple targets at the Whiteheads Gold project in WA near Kalgoorlie. The Whiteheads... Keep Reading...
Hand holding stylus near a gold bar, labeled "Weekly Editor's Picks."

Editor's Picks: Gold Price Recovers from Biggest One-Day Drop in 12 Years

The gold price declined from its recent all-time highs this week, sinking to nearly US$4,000 per ounce and recording its biggest one-day decline in more than 12 years.Silver took a similar hit, slipping back below the US$50 per ounce level.The drops have been attributed to factors like a... Keep Reading...
Golconda Gold (TSXV:GG)

Gold and Crypto: Redefining the Future of Finance

Click here to register for the webinarGold is making a powerful comeback as a cornerstone of the global financial system—but it’s not alone. Digital assets and cryptocurrencies are rapidly transforming how capital moves across markets. Instead of competing, gold and crypto are increasingly... Keep Reading...

Latest Press Releases

Related News