Further Copper-Gold Porphyry Mineralisation Intersected From Surface At Copper Ridge

Titan Minerals Limited (Titan or the Company) (ASX:TTM) is pleased to provide results from the remaining six drill holes from its maiden eight hole diamond drilling campaign at the Copper Ridge Porphyry prospect at the Linderos Project in southern Ecuador.

Key Highlights include:

• Additional long intervals of porphyry copper style mineralisation intersected from surface in diamond drilling at Copper Ridge, with significant results including:
  
  • Hole CRDD22-006:
    • 72m grading 0.4% Cu Eq¹ from 21m, and
      
    • 51m grading 0.4% Cu Eq from 373m, and
    • 22m grading 0.5% Cu Eq from 524m
    • Within a broader intersection of 558m grading 0.2% Cu Eq from surface to end of hole, ending in mineralisation.
  • Hole CRDD22-004:
    • 186m grading 0.3% Cu Eq from 196m, which also contains a gold rich zone of 80m grading 0.4% Cu Eq from 286m
    • Within a broader intersection of 344m grading 0.2% Cu Eq from 38m to end of hole, ending in mineralisation.
  • Hole CRDD22-007:
    • 88m grading 0.3% Cu Eq from 266m
    • Within a broader intersection of 172m grading 0.2% Cu Eq from 196m to end of hole, ending in mineralisation.
• Higher tenor porphyry mineralisation intersected in CRDD22-003 (76m grading 0.5% Cu Eq²) and CRDD22-006 (22m grading 0.5% Cu Eq) provide evidence that Copper Ridge has potential to host higher-grade copper and gold mineralisation.

“These results wrap up the first drill program at our Copper Ridge prospect within our Linderos Project where outcropping porphyry copper style mineralisation has been discovered, with drilling now confirming a substantial copper-gold porphyry system from surface.”

“This initial of program of eight holes has returned highly encouraging results and our analysis highlights the potential for both lateral and depth extensions, as we vector into what we believe is the core of the porphyry system.”

“Future drill plans are being designed to intersect the earlier-phase, higher-grade copper-gold porphyry mineralisation and we are excited to soon be underway with our next phase of drilling at Copper Ridge.”

“It’s important to appreciate that copper grades returned from this initial campaign of drilling compare favourably with peer porphyry deposits which are currently advancing through development and earmarked for large-scale production in the near future.”

“Most notably, SolGold’s Alpala porphyry deposit contains a global resource of 3.2Bt grading 0.49% Cu Eq (0.35% Cu, 0.23g/t Au, 1.0g.t Ag) for 9.9Mt of copper, 21.7Moz gold and 92Moz silver, and a proposed mining cut-off grade of 0.21% Cu Eq³, with its higher-grade core commencing at a depth of 600m.”

“Titan shareholders can expect strong news flow in what promises to be a very busy and exciting 2023.”

Plate 1: CRDD22-006 337m. Diorite porphyry, early potassic (green grey sericite) with overprinting of phyllic alteration, sulphide mineralisation of chalcopyrite (cpy) volume 5%, pyrite (py) volume < 1%.

Linderos Project– Copper Ridge Porphyry Prospect Remaining Drilling Results

In November 2022, Titan completed a maiden campaign of eight diamond drill holes totalling 3,700m 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, soil and channel sample geochemistry, and limited shallow historical drilling undertaken at the prospect.

Assay results have been received for the remaining six diamond drill holes, adding further wide intersections of disseminated and vein hosted copper-molybdenum±gold±silver mineralisation from surface to approximately 500 metres vertical.

Mineralisation is hosted within a diorite porphyry, with vein hosted and disseminated chalcopyrite- pyrite-pyrrhotite-molybdenite, and secondary biotite plus green-grey sericite and pervasive quartz- alkali feldspar defining an early to transitional potassic alteration.

Pleasingly, six out of the eight diamond drillholes were mineralised to the end of hole, highlighting strong potential for lateral and depth extensions.

Evidence that the Copper Ridge porphyry has the potential to host higher-grade copper and gold mineralisation is supported by intersections including 76m grading 0.5% Cu Eq from 132m in CRDD22- 003 and 22m grading 0.5% Cu Eq from 524m in CRDD22-006.

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