TITAN MINERALS LIMITED Titan Minerals Limited provided 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. 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. Assay results have been received for the first two diamond drill holes, confirming the presence of wide intervals of copper-molybdenum¦gold¦silver from shallow depths. Significant intersections for CRDD22-001 and CRDD22-003 are detailed in Table 1 and below: 308m grading 0.4% Copper Eq from 54m downhole in CRDD22-003 including a higher-grade interval of 76m grading 0.5% Copper Eq from 132m downhole; and 91m grading 0.3% Copper Eq from 484m downhole in CRDD22-003, with mineralization remaining open and extending to the end of hole; 52m grading 0.3% Copper Eq from 82m downhole in CRDD22-001.
The 308 metre intercept of 0.4% Copper Eq (0.29% Cu, 30ppm Mo, 0.08g/t Au, and 1.24g/t Ag) from 54 metres downhole in CRDD22-003 is hosted within a diorite porphyry, which is variably intruded by dykes of crowded quartz diorite porphyry and granodiorite porphyry. Mineralisation exhibits secondary biotite plus green-grey sericite and pervasive quartz-alkali feldspar, defining an early to transitional stage of potassic alteration. Disseminated sulphides range from 1 to 2% in volume, with chalcopyrite content greater than pyrrhotite.
Most importantly, results from drilling have confirmed porphyry mineralisation to extend from surface to 400 metres vertical depth, with diamond drill hole CRDD22-003 ending in mineralisation at 575m downhole. The company's drilling has now confirmed the large-scale porphyry potential at Copper Ridge and gives further confidence to continue targeting porphyry mineralisation at the project, with considerable scope for both lateral and depth extensions apparent.
