Join our daily newsletter At The Bell to receive exclusive market insights
Titan Minerals Ltd (ASX:TTM) has confirmed the presence of large-scale porphyry mineralisation at its Linderos copper gold project in Chile, following a recent diamond drilling program.
Hanrine Ecuadorian Exploration and Mining S.A. – a subsidiary of Hancock Prospecting Pty Ltd which is operating the project as part of a joint venture with Titan – drilled 7 diamond holes (for a total of 7,105 metres), finding that 4 of these confirmed potential for a significant porphyry copper system.
This means that the footprint of mineralisation at Linderos has almost doubled, with porphyry-type mineralisation in particular defined over a strike length of 1 kilometre and to a depth of 1 kilometre.
One significant intercept which highlights the value of this work comprised 735 metres at 0.23% copper equivalent (Cu Eq) from 385m, including 131m at 0.29% Cu Eq from 385m and including 51m at 0.37% Cu Eq from 622.8m in one hole (DHCR-02).
The purpose of the drilling work was targeting extensions to porphyry copper mineralisation at the Copper Ridge prospect, focusing on depth and lateral extensions to Titan’s
previous drilling.
Diamond drilling is still under way, with Hanrine targeting 10,000m as part of its Phase 1 series of work to define porphyry extensions.
Titan Minerals has been trading at 40 cents.
Join the discussion: See what HotCopper users are saying about Titan Minerals and be part of the conversations that move the markets.
