Drilling has returned high-grade gold, silver and base metal hits at Meseta. Pic: via Getty Images
Titan drilling confirms rich epithermal system at Meseta
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Titan’s maiden drilling at the Meseta prospect has proved the existence of a shallow immediate-sulphidation epithermal gold system next to the recently discovered Copper Ridge porphyry system.
Drilling intersected several high-grade gold, silver and base metal epithermal veins at shallow depths within the prospect, which is just one of several epithermal gold targets defined by Titan’s reconnaissance works within the Linderos project in southern Ecuador.
Notable results include 7.22m grading 13.77 grams per tonne (g/t) gold, 12g/t silver, 0.15% copper, 0.38% zinc from 66.28m within a broader 76.5m intersection at 1.41g/t gold, 5.63g/t silver and 0.27% from surface (MGDD22-010) and 45.82m at 1.4g/t gold, 2.13g/t silver and 0.25% zinc from 4.35m including 4.88m at 12.87g/t gold, 6.04g/t silver, 0.11% copper and 0.41% zinc from 41m.
Titan Minerals (ASX:TTM) chief executive officer Melanie Leighton said the results confirmed 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,” she added.
“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.”
Meseta drilling
Maiden drilling carried out in late 2022 at Meseta successfully intersected multiple pyrite-sphalerite-arsenopyrite±galena massive sulphide veins, with several significant intersections of high-grade gold and silver.
Meseta 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.
High-grade epithermal gold mineralisation was initially identified at the Meseta in 2017, when artisanal workings on a breakaway slope were sampled.
This was followed by diamond drilling in 2018, which confirmed higher grade gold mineralisation in fresh rock.
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.
