Titan intersects sulphide mineralisation at Copper Ridge
Maiden drilling at Titan’s Copper Ridge prospect is off to a good start with the first diamond hole intersecting significant intervals of sulphide mineralisation.
Hole CRDD22-001 in the prospect at the company’s Linderos project was completed to a depth of 530m and returned long intervals of altered and stock-work veined porphyry with chalcopyrite, molybdenum and pyrite typically seen in porphyry copper deposits.
A second diamond hole is underway at the prospect as part of Titan Minerals’ (ASX:TTM) five-hole program to test its potential to host high-grade, copper-molybdenum porphyry mineralisation.
“We are very pleased with the progress to date, the drilling is running smoothly, and we are approximately one third of the way through our initial drilling program at Copper Ridge,” chief executive officer Matther Carr said.
“It is highly encouraging that observations by our experienced geologists note long intervals of altered and stock-work veined porphyry with chalcopyrite, molybdenum and pyrite of the likes typical in porphyry copper deposits.
“We eagerly await the receipt of assay results. Meanwhile, our drilling continues at the Copper Ridge Porphyry and Meseta Gold prospects.”
The five-hole program at Copper Ridge is aimed at testing the copper-molybdenum porphyry system by intersecting the earlier, better mineralised porphyry, observed as xenoliths in inter-mineral mineralised porphyries logged in historical drill core.
Hole CRDD22-001 was designed to intersect the +5% quartz vein abundance envelope.
This drill target is also supported by soil and channel sample anomalies for copper and molybdenum, plus the encouraging copper mineralisation intersected in historical drill hole DHW005 – 77.05m @ 0.19% copper from surface.
The second priority drill hole is designed to test the channel sample anomalies of copper and molybdenum, confirming mineralisation intersected at depth in historical drill holes ERIKA02 and ERIKA02A.
Another two drill holes will test the northern portion of the Copper Ridge prospect where an east-west corridor with good copper-gold values and associated with +5% quartz vein abundance has been identified in surface mapping
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.