Titan’s maiden drilling at Copper Ridge has bitten into thick, shallow porphyry
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Titan’s maiden drilling program at the Copper Ridge prospect continues to deliver the goods, after the company hit an intersection of wide intervals of mineralised porphyry at shallow depths.
Notably, significant stockwork veining, and disseminated and vein hosted chalcopyrite-molybdenite-pyrite±pyrrhotite mineralisation has been observed in all diamond holes completed to date.
This follows neatly on the first diamond hole intersecting significant intervals of sulphide mineralisation at the prospect within the Linderos project in southern Ecuador.
Titan Minerals (ASX:TTM) has completed four diamond holes to date and has another two remaining in the current program with first assays expected in mid-late November.
“We are highly encouraged by our geologists’ observations of further wide intervals of altered and stockwork veined porphyry with significant amounts of chalcopyrite, molybdenite, pyrite and pyrrhotite mineralisation noted from very shallow depths at Copper Ridge,” chief executive officer Matthew Carr said.
“We eagerly await the receipt of assay results, which will be instrumental in revealing the potential scale and tenor of the porphyry system that we are dealing with at Copper Ridge.”
Diamond holes drilled under the current program have hit an average depth of 500m with a total of 1,985m drilled to date.
Continued systematic logging of key geological features such as lithology, alteration, sulphide mineralogy, vein style and abundance, is improving the company’s understanding of the controls, and potential scale of the porphyry mineral system being targeted.
Once this program is completed and assays compiled, the company will then be 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.