Titan Minerals Limited advised that the Company's maiden drilling campaign at the Copper Ridge Porphyry prospect, Linderos Project in southern Ecuador has commenced. All permits required for drilling have been secured, with the Copper Ridge Porphyry prospect (Copper Ridge) set to feature as the first of several high priority targets to be drill tested at the Linderos Project this year. Drilling of the Meseta Gold prospect (Meseta) is also planned to commence in the coming week. In addition to the Copper Ridge and Meseta prospects, several new high priority targets have been defined by a recent airborne magnetic and radiometric survey commissioned by Titan over the broader Linderos Project. The newly acquired magnetic and radiometric datasets have facilitated a comprehensive geological interpretation at the Linderos Project, with several areas considered prospective for epithermal gold and porphyry copper mineralisation identified.
Further mapping and geochemical sampling are planned to gather additional geological information and to support the design of first pass drilling and other exploration work programs at each of the newly defined high priority targets at the Linderos Project. The Company looks forward to providing further updates from its maiden Copper Ridge and Meseta drilling campaigns, and other generative exploration activities at the Linderos Project as progress. The Company is very pleased to have gained the required permits from all stakeholders to facilitate its maiden drilling program at the Copper Ridge prospect, the commencement of drilling at the Linderos Project is a significant milestone for Titan as it will be the first campaign undertaken, designed to follow up several significant gold and copper intercepts recorded in historical drilling and trenching. A strong relationship has been forged with key stakeholders at the Company's projects in southern
Ecuador. This relationship and high level of consultation has enabled the company to secure all the permits required for drilling, in a timely manner, with the following items now complete: Community consultation, Flora and fauna studies, Archaeological studies, Drilling contractor engaged,Water extraction permit Diesel storage permit, Camp built to facilitate drilling and other exploration work programs, Earthmoving to provide access to proposed drilling locations .
The Copper Ridge Porphyry prospect (Copper Ridge) features surface copper-molybdenum anomalism highlighted by channel and soil sampling recently completed by Titan. Mapping has confirmed that copper-molybdenum mineralisation is centred on dioritic porphyry intrusions approximately one kilometre in diameter, with these porphyritic intrusions also containing abundant mineralised quartz veining and copper oxide mineralisation at surface. Some of the better results returned from recent channel sampling at Copper Ridge include 46m @ 0.24% copper and 9.71ppm molybdenum in channel CRC040; 32m @ 0.21% copper and 3.91ppm molybdenum in channel CRC051; and 26m @ 0.22% copper and 9.76ppm molybdenum in channel CRC037.