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Titan Minerals (TTNF) – March 2021 Quarterly Activities Report

Natural Resources
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March 2021 Quarterly Activities Report

 

Highlights

  • Diamond drilling results over the Iguana
    and Papayal Prospects received. Diamond  drilling confirms
    widths and grades of the Iguana vein sets reported under the Canadian
    NI 43-101 resource estimate. Better intercepts reported (refer to
    ASX releases dated 3 February and 29 April 2021) include:

    o 4.94m @ 6.28 g/t gold and 16 g/t silver from 82.22m – IGD007
    o 2.28m @ 6.82g/t gold and 88g/t silver from 24.52m – IGD010
    o 2.69m @ 7.54 g/t gold and 38 g/t silver from 125.76m IGD013
    o 3.80m @ 6.92 g/t gold and 30 g/t silver from 117.20m IGD015
    o 8.46m @ 2.23g/t gold and 11g/t silver from 83.60m – IGD016
    o 2.9m @ 20.7g/t gold and 57g/t silver from 49m – TPD005
    o 3.85m @ 3.01g/t gold and 5 g/t silver from 85.8m – TPD008
  • Structural analyses of oriented diamond
    core and 3D modelling for both Iguana and Papayal Prospects
    completed, Resource modelling work progressing concurrent
    with confirmatory drilling activity.
  • Diamond Drilling continues in June
    Quarter on the Cerro Verde Prospect as part of an ongoing 12,000m
    campaign.
  • Re-logging work on over 33,000m of
    archived diamond core from previous drill programmes completed in the
    March quarter. Better Intercepts reported from resampling work (refer to
    ASX release dated 17 February 2021) include:

    o 9.78m @ 0.93 g/t golfd and 10 g/t silver from 3.0m and
    5.9m @ 5.35 g/t gold and 20 g/t silver from 37m and
    25m @ 1.51 g/t gold and 9g/t silver from 66m (CV19-010)

    o 13.9m @ 0.95 g/t gold and 18g/t silver from 24.83m
    Including 2.45m @ 3.01g/t gold and 86g/t silver and
    18.2m @ 0.98 g/t gold and 6 g/t silver from 46m (CV19-012)

    o 4.75m @ 5.65g/t gold and 8 g/t silver from 14.6m (CV19-015)

    o 5.68m @ 1.79 g/t gold and 4 g/t silver from 66.81m (CV19-023)

    o 4.25m @ 6.37g/t gold and 111g/t silver from 56.85m and
    10.8m @ 2.06g/t gold and 10 g/t silver from 89.5m (CV19-028)

Copper Duke geochemistry and geophysical
interpretation results received.

o Geophysics confirms and extends a corridor hosting multiple clusters of intrusive centers

o Multiple extensions to surface expressions of porphyry mineralization and high-grade gold veining located in several areas across the project:
– 11.2m @ 0.98% copper and 4.05m @ 16.4g/t gold
– 26m @ 1.13g/t gold and 0.21% copper

 

 

Further highlighted details

  • Drilling Confirms Mineralisation Below High-Grade Surface: Click Here (30th April 2021)
  • Sale of Zaruma Mine & Portovelo Process Plant for US$15m: Click Here (15th April 2021)
  • Copper Duke Geophysics Define Multiple Porphyry Targets: Click Here (2nd March 2021)

Enquiries:

Laurence Marsland
Managing Director
Titan Minerals
+61 8 6555 2950
[email protected]

Andrew Krelle
Financial Adviser
Bacchus Capital Advisers Ltd
+44 (0) 795 636 2903
[email protected]

Christine Wootliff
Investor Relations
121 Group
+852 3628 2420
[email protected]

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