Titan Minerals kicks off Copper Ridge diamond drilling in Southern Ecuador

All permits required for drilling have been secured with the Copper Ridge porphyry prospect set to feature as the first of several high-priority targets to be drill tested at the wider Linderos Project.

Drilling of the Meseta Gold prospect is also planned to begin in the coming week.

Titan (ASX:TTM) says several new high priority targets have been defined by a recent airborne magnetic and radiometric survey commissioned by the company over the broader Linderos Project.

These newly acquired magnetic and radiometric datasets have facilitated a comprehensive geological interpretation at Linderos, 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.

Knowledge of Linderos continues to evolve at rapid rate

TTM executive director Matthew Carr says the company is excited to be drilling the first holes into Copper Ridge and Meseta Gold camp and testing its potential to host high-grader copper-molybdenum porphyry mineralisation and the associated high sulphidation gold system.

“The team is doing a fantastic job, the layers of work done to embark on our first drilling campaign at Linderos cannot be understated.

“There were some speed bumps at the beginning but our knowledge of the Linderos Project is evolving now at a rapid rate, thanks to the systematic boots on ground exploration that our technical team are deploying.

“We are confident that this type of exploration will unlock the potential of the Linderos Project, and we look forward to seeing the results of this maiden drilling campaign.”

Proposed drilling

A five-hole diamond drill program is underway for a total of 2,500m at a nominal depth of 500m to test the copper-molybdenum porphyry system.

Drilling is aimed at intersecting the earlier, better mineralised porphyry, observed as xenoliths in inter-mineral mineralised porphyries logged in historical drill core.

The first priority drill hole is 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.

This hole is also aiming to intercept the +5% quartz vein abundance envelope.

Two further drill holes are designed to 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.

Once this initial campaign of drilling has been completed and results compiled, Titan will be well positioned to design additional follow up drilling.

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.