- Titan Minerals (TTM) has identified multiple targets for further exploration at its Copper Duke Project in Ecuador
- After reviewing all previous exploration work, the company believes that the site contains an extensive copper and gold anomalism
- Titan plans to initiate a drill program in the second quarter of 2020 to further outline mineralisation at Copper Duke
- Once the program is completed, the company hopes to release an updated resource estimate before the end of the year
- Titan Minerals is trading 2.33 per cent higher today, with shares selling for 8.8 cents per share
Titan Minerals (TTM) has identified targets for further exploration at its Copper Duke Project in Ecuador.
After reviewing all previous exploration work, the company believes the site contains an extensive copper and gold anomalism with multiple porphyry intrusions.
Explorers first began drilling the site in 1978 and intersected a number of notable assays, including 2.5 grams per tonne of gold and 154 parts per million of copper across 33.1 metres.
Since then, the company has outlined a number of undrilled targets through rock chip sampling across the site. Follow-up trench sampling, performed by Titan last year, intersected 0.87 grams per tonne of gold and 1.1 per cent copper across 28.3 metres.
Titan plans to initiate a drill program at the site in the second quarter of 2020 to further outline mineralisation at Copper Duke.
Following the drill program, in the third quarter of 2020, the company will perform high resolution magnetic and geochemical surveys to identify other areas of interest.
Once this data is collected and combined with the rest of the site’s historical exploration work, Titan hopes to release an updated resource estimate before the end of the year.
Titan’s Managing Director, Laurie Marsland is excited about the upcoming work at Copper Duke, as well as at the company’s nearby Dynasty project.
“We look forward to updating the market on the considerable work being completed to highlight the value of both our Dynasty and Copper Duke projects as the company works toward both maiden drilling at Copper Duke and a resource estimate later this year for the flagship Dynasty project reporting in compliance with the JORC code,” he said.
Titan Minerals is trading 2.33 per cent higher today, with shares selling for 8.8 cents per share at 11:58 am AEST.