This two-hole diamond drilling program has successfully intersected wide intervals of disseminated and vein-hosted porphyry from shallow depths, providing further confidence to continue targeting porphyry mineralisation at the project.

The target porphyry mineralisation at Copper Ridge, within the wider Linderos Project in southern Ecuador had been highlighted by surface mapping and geochemistry as limited drilling had been undertaken.

Stand out intersections were received for both holes (CRDD22-001 and CRD-003) such as 308m grading 0.4% copper equivalent from 54m including a higher-grade interval of 76m grading 0.5% copper equivalent from 132m and 91m at 0.3% copper equivalent from 484m.

The making of what could be a “significant discovery”

Titan’s (ASX:TTM) executive director and CEO Matthew Carr says the company is very pleased to have met with success on its maiden drilling campaign returning significant results for copper, molybdenum, gold and silver.

“Once all assay results have been received, we will be well positioned to target additional porphyry mineralisation, with foundation geochemical and geological datasets being established to support future exploration programs at Copper Ridge,” he adds.

“We believe that this is the beginning of what could be a significant discovery.”

Unparalleled strategic investor interest

Carr says 2022 was a monumental year for the company with dedicated teams working on each project collecting important geological layers and building understanding.

“This has resulted in the identification of key targets that will drive size, scale, and potential new discoveries at Linderos, Dynasty and Copper Duke in 2023,” he continues.

“The level of interest we’ve had from large corporates and strategic investors in our projects this year is something we haven’t experienced to date, with multiple site visits hosted in recent months and advanced discussions held.

“After undertaking site visits, walking the ground and visualising outcropping porphyry mineralisation for themselves, strategic investors are clearly excited about the potential opportunity of all three projects, which puts Titan in an enviable position.”

What’s next on the agenda?

Carr says strategic decisions will be made in the best interest of its shareholders in what the company expects will be a very busy and exciting 2023.

Systematic logging of key geological features such as structural datasets, lithology, alteration, sulphide mineralogy (percentages and ratios), vein style and abundance has been a focus of the technical team.

The assembly of these datasets plus spectral data, magnetic susceptibility, and bulk density will provide a solid foundation for future exploration work programs as surface mapping and sampling continues.

Petrographic analysis is planned to determine detailed alteration mineral assemblages and to understand the relationship with associated sulphide occurrences.




This article was developed in collaboration with Titan Minerals, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.