Maiden drilling program at Cu/Au prospect commences
Earlier today, our exploration investment Titan Minerals (ASX:TTM) announced that it launched the maiden drilling program at the Copper Ridge prospect within its Linderos project, Southern Ecuador.
The campaign aims to assess the potential of the prospect to host higher grade copper-molybdenum porphyry mineralisation. This follows encouraging channel sampling results earlier this year, returning promising copper and coincident molybdenum results including:
- 46m @ 0.24% copper, 9.71ppm molybdenum in channel CRC040
- 32m @ 0.21% copper, 3.91ppm molybdenum in channel CRC051
The campaign will also incorporate drilling at the Meseta prospect to discern the potential for a high sulphidation gold system. This follows channel sampling results earlier this year including:
- 4.5m @ 12.69g/t gold and 3.48g/t silver in channel MGC22-025
- 2.9m @ 9.81g/t gold and 2.69g/t silver in channel MGC22-024
Today’s news fits in with our #2 Objective we’d like to see management deliver this year: Follow up drilling at Linderos.
We’re keen to see how the assays look at the other end, and will update once delivered, likely in the next quarter.
