Titan Minerals identifies large porphyry footprint at Linderos
October 16, 2023 at 02:32 pm EDT
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Titan Minerals Ltd (ASX:TTM) CEO Melanie Leighton tells Proactive the company has identified a 2-kilometre-long IP chargeability anomaly that indicates the Copper Ridge porphyry and Meseta epithermal gold prospects are part of the same system. The data also indicates that additional porphyry mineralisation may sit just below the Mesata prospect, offering further prospectivity for the Linderos Copper-Gold Project in Ecuador. TTM intends to drill-test the lateral and depth extensions of Copper Ridge in the next phase of drilling at the project, while also investigating the potential for porphyry mineralisation below Meseta.
“Results of the Linderos Project IP survey have confirmed our hypothesis that the Copper Ridge porphyry and Meseta epithermal gold mineral systems are intimately associated,” Leighton said.
“A 2-kilometre chargeability anomaly has highlighted phyllic alteration/ sulphide mineralisation associated with a porphyry system to extend from Copper Ridge, all the way to the Meseta epithermal gold system in the north.
“This is a very exciting development for Titan, implying a much larger porphyry system than previously recognised by surface mapping, geochemistry, and drilling to date.
“The company looks forward to drill testing the newly defined larger porphyry system in early 2024.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Titan Minerals Limited is an Australia-based exploration and development company. The Company is focused on exploring and developing potential Tier One projects in Ecuadorâs southern Andean copper-gold belt. The Companyâs projects include Dynasty Gold project, Copper Duke project and Linderos project. The Companyâs flagship, Dynasty Gold Project, is located approximately 25 kilometers (km) north of the Peruvian border. The Copper Duke is an early-stage exploration project located approximately 18 km east of the Companyâs wholly owned Dynasty gold. The Copper Duke Project is comprised of 13 concessions totaling 130 square kilometers (km2) in the Loja Province in southern Ecuador. The Lineros project is located approximately 20 km southwest of its flagship Dynasty Gold Project where drilling for resource estimation update is underway, and is comprised of four contiguous concessions totaling approximately 143km2 located near the Peruvian border in southern Ecuadorâs Loja Province.