Titan Minerals

High Grade Epithermal Gold Intersected At Meseta

Titan Minerals Limited (Titan or the Company) (ASX:TTM) is pleased to provide results from the Company’s maiden drilling at the Meseta Gold prospect (Meseta), at the Linderos Project in southern Ecuador.


Key Highlights include:

  • Recent drilling at Meseta proves that a shallow intermediate-sulphidation epithermal gold system exists adjacent to the recently discovered Copper Ridge Porphyry system.
  • Several high-grade gold, silver and base metal epithermal veins intersected from shallow depths, with significant results including:

1. MGDD22-010:

    • 7.22m grading 13.77g/t Au, 12.90g/t Ag, 0.15% Cu, 0.38% Zn from 66.28m, including higher grade intercepts of:
      • 0.92m grading 31.50g/t Au, 24.30g/t Ag, 0.25% Cu from 68.28m: and
      • 0.58m grading 99.80g/t Au, 89.90g/t Ag, 0.98% Cu, 0.31% Zn
    • All within a broader intersection of 76.5m grading 1.41g/t Au. 5.63g/t Ag, 0.27% Zn from surface

2. MGDD22-012:

    • 4.88m grading 12.87g/t Au, 6.04g/t Ag, 0.11 % Cu, 0.41% Zn from 41.0m, including a higher grade intercept of:
      • 1.64m grading 33.35g/t Au, 11.28 g/t Ag, 0.23% Cu, 0.72% Zn from 44.24m
    • All within a broader intersection of 45.82m grading 1.40g/t Au. 2.13g/t Ag, 0.25% Zn from 4.35m

3. MGDD22-001:

    • 4.64m grading 5.00g/t Au, 10.33g/t Ag, 0.39% Zn, 0.19% Pb from 51.7m

4. MGDD22-003

    • 5.76m grading 3.72g/t Au, 48.69g/t Ag, 0.25% Zn, 0.28% Pb from 36.54m, including a higher grade intercept of:
      • 0.73m grading 11.35g/t Au, 73.30 g/t Ag, 0.84% Zn, 1.24% Pb from 37.35m
  • Meseta is the first of several epithermal gold targets defined by Titan’s reconnaissance works within the Linderos Project to be drill tested, with high priority prospects proximal to porphyry copper-gold sources driving epithermal gold mineralisation.

Titan’s CEO Melanie Leighton commented:

“These are exciting results for Titan which confirm the potential for significant high-grade gold, silver and base metals at the Linderos Project. The results demonstrate that the causal intrusion responsible for the recently discovered Copper Ridge porphyry system, is also the plumbing to the Meseta intermediate sulphidation epithermal system.”

“In many cases these high-grade epithermal vein systems have been eroded, and all that remains is the porphyry source. So, we’re excited that the Meseta epithermal mineralisation remains preserved, adjacent to its source, the Copper Ridge porphyry system, where recent drilling has demonstrated the potential for significant copper-gold porphyry mineralisation from shallow depths.”

“We feel that we’re onto something big here, with our maiden drilling campaigns at both Meseta and Copper Ridge delivering promising results, and plenty of scope for extending mineralisation with strong vectors towards higher grade gold, silver and copper mineralisation.”

“We now have a pipeline of high conviction targets to feature in forthcoming exploration work programs in 2023.

Linderos Project Drilling Results

The Company is pleased to provide results from its maiden drilling campaign completed in late 2022 at the Meseta Gold prospect (Meseta), at the company’s 100% held Linderos Project in southern Ecuador.

Drilling was successful in intersecting multiple pyrite-sphalerite-arsenopyrite±galena massive sulphide veins, with several significant intersections of high grade gold and silver returned, along with significant intersections of silver-zinc-±lead±gold±copper. Significant intersections are included in table 1, and illustrated in figures 1, 2, and 3.

The Meseta Gold prospect displays metal zonation and alteration assemblages typical of intermediate sulphidation systems related to proximal porphyry systems, with outcropping porphyry mineralisation identified and drill tested at the Copper Ridge Porphyry prospect (Copper Ridge) less than 500 metres to the south of Meseta (refer to Figures 1, 2 and 3).

Table 1 details significant intersections for gold, silver, copper, zinc, and lead returned from the Company’s maiden drilling at Meseta, where pleasingly 12 out of 14 holes intersected polymetallic massive sulphide mineralisation.

Plate 1: MGDD22-006 (35.74m). Quartz diorite with shear zone infilled by massive pyrite, sphalerite, arsenopyrite, pyrrhotite and galena, with a halo of sericite and illite-smectite.

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

Graphic reading "Top 5 Canadian mining stocks this week" in front of stock market graph in background.

Top 5 Canadian Mining Stocks This Week: JZR Gold Jumps 113 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.The Government of Ontario started taking applications for resource development projects under... Keep Reading...
Nevgold President, CEO and Director Brandon Bonifacio.

NevGold Discovers “Highest-grade” Antimony Drilled to Date at Nevada Project

With grades of up to 14.9 percent, NevGold's (TSXV:NAU,OTCQX:NAUFF) newly discovered Bullet zone within the Resurrection Ridge target area is the highest-grade antimony ever drilled to date at the company’s Limo Butte project in Nevada, according to NevGold’s president and CEO, Brandon... Keep Reading...
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has... Keep Reading...
Golden bars background with a rising green arrow; text: "Weekly Editor's Picks."

Editor's Picks: Gold Price Breaks US$4,300, Silver Soars Past US$54

It's been yet another historic week for gold and silver, with both setting new price records.The yellow metal broke through US$4,200 per ounce and then continued on past US$4,300. It rose as high as US$4,374.43 on Thursday (October 16), putting its year-to-date gain at about 67 percent.... Keep Reading...
Don Durrett, gold and silver bars.

Don Durrett: Gold, Silver Miners to Rip Even Higher, Here's When to Buy

Don Durrett of GoldStockData.com outlines current gold and silver market dynamics, explaining why the metals continue to rise and how high they could go in the future. He also shares his current gold and silver stock strategy. Don’t forget to follow us @INN_Resource for real-time... Keep Reading...
Prince Silver (CSE:PRNC)

Prince Silver Corp Announces Listing on the Frankfurt Stock Exchange Under the Symbol T130

Prince Silver Corp. ("Prince" or the "Company") (CSE:PRNC)(OTCQB:PRNCF) is pleased to announce that its common shares can now be traded on the Frankfurt Stock Exchange ("FSE") under the symbol T130, WKN: A3E4QS and ISIN: CA74174A1021.With this listing, the Company's common shares are now quoted... Keep Reading...

Latest Press Releases

Related News