Titan Mining Announces Discovery of New Zone of Near-Mine Mineralization Including 48.7 ft at 23.91% Zinc
VANCOUVER, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) — Titan Mining Company (TSX: TI) (“
Titan
” or the ”
Firm
“) is happy to offer an replace on latest drill outcomes from a newly found zone of near-mine mineralization at the Firm’s 100% owned Empire State Mine (“ESM”) in upstate New York. The newly recognized mineralized zone lies in shut proximity and between the Firm’s New Fold and Mahler ore our bodies, that are areas of present main manufacturing for the Firm.
Vital mineralized intercepts embody:
- 32.5 toes assaying 19.0% zinc
- 48.7 toes assaying 23.9% zinc
- 25.4 toes assaying 15.0% zinc
- 30.4 toes assaying 9.0% zinc
The underground exploration program is ongoing, thus far six holes have been accomplished. Assays have been returned on 4 of the holes, with two holes nonetheless pending outcomes. The mineralization intercepted lies between the Mahler and New Fold ore our bodies alongside the identical construction. The connection between the newly recognized zone and the identified ore our bodies is presently being evaluated.
ESM Common Supervisor Joel Rheault commented, “we are very optimistic about the drill results released today. The zone identified is high grade and spatially located in close proximity to our current underground mining and infrastructure. As we continue to expand the operation and increase throughput, an additional mining zone in this area could have a very positive near term impact.”
Desk I. Mineralized intercepts from underground exploration program
2022 – Underground Exploration Drilling Gap ID From (ft) To (ft) Interval (ft) From (m) To (m) Interval (m) Zn% UX22-019 1,131.4 1,163.9 32.5 344.2 354.1 9.9 19 1,181.1 1,197.8 16.7 359.3 364.4 5.1 13.4 1,261.0 1,309.7 48.7 383.6 398.4 14.8 23.9 1,355.4 1,358.3 2.9 412.3 413.2 0.9 4.6 UX22-020 863 867.5 4.5 262.5 263.9 1.4 5.6 885 892.9 7.9 269.2 271.6 2.4 9.8 UX22-021 870.9 874.3 3.4 264.9 266 1 25.7 883.1 889 5.9 268.6 270.4 1.8 15.3 942.3 967.7 25.4 286.6 294.4 7.7 15 1046.7 1055.5 8.8 318.4 321.1 2.7 5.7 1479 1489 10 449.9 453 3 12.5 UX22-022 1521.7 1533.7 12 462.9 466.6 3.7 9.4 1576.8 1593.6 16.8 479.7 484.8 5.1 5.78 1660.6 1691 30.4 505.2 514.4 9.2 9Word: The true width of the mineralization will not be presently identified.
Desk II. Collar Location
Collars Gap ID Size (ft) Easting (m) Northing (m) Elevation (m) Azimuth Dip UX22-019 450.2 468743 4903736 -953 87 -25 UX22-020 361.8 468743 4903736 -953 87 -35 UX22-021 520.3 468743 4903736 -953 70 -30 UX22-022 672.4 468743 4903736 -953 70 -25Determine 1. Location of drilling space relative to ESM #4 and Sphaleros with the situation of Determine 2 highlighted
Determine 2. Plan view of drilling exhibiting the situation of holes UX22-019 – UX22-022
Exploration Replace
The underground exploration drilling is a component of a scientific plan to check near-mine targets with the potential to host high-grade, large-tonnage deposits.
Certified Individual
The scientific and technical info contained on this information launch and the sampling, analytical and take a look at knowledge underlying the scientific and technical info has been reviewed, verified and accepted by Donald R. Taylor, MSc., PG, President and Chief Govt Officer of the Firm, a professional individual for the needs of NI 43-101. Mr. Taylor has greater than 25 years of mineral exploration and mining expertise and is a Registered Skilled Geologist by means of the SME (registered member #4029597). The info was verified utilizing knowledge validation and high quality assurance procedures beneath excessive trade requirements.
Assays and High quality Assurance/High quality Management
To make sure dependable pattern outcomes, the Firm has a rigorous QA/QC program in place that displays the chain-of-custody of samples and contains the insertion of blanks and licensed reference requirements at statistically derived intervals inside every batch of samples. Core is photographed and break up in half with one-half retained in a secured facility for verification functions.
Pattern preparation (crushing and pulverizing) has been carried out at ALS Geochemistry (“ALS”), an impartial ISO/IEC accredited lab positioned in Sudbury, Ontario, Canada. ALS prepares a pulp of all samples and sends the pulps to their analytical laboratory in Vancouver, B.C., Canada, for evaluation. ALS analyzes the pulp pattern by an aqua regia digestion (ME-ICP41 for 35 components) with an ICP – AES end together with Cu (copper), Pb (lead), and Zn (zinc). All samples during which Cu (copper), Pb (lead), or Zn (zinc) are higher than 10,000 ppm are re-run utilizing aqua regia digestion (Cu-OG46; Pb-OG46; and Zn-OG46) with the weather reported in share (%). Silver values are decided by an aqua regia digestion with an ICP-AES end (ME-ICP41) with all samples with silver values higher than 100 ppm repeated utilizing an aqua regia digestion overlimit technique (Ag-OG46) calibrated for increased ranges of silver contained. Gold values are decided by a 30 g fireplace assay with an ICP-AES end (Au-ICP21).
The Firm has not recognized any drilling, sampling, restoration, or different elements that would materially have an effect on the accuracy or reliability of the info set out on this information launch.
About Titan Mining Company
Titan is an Augusta Group firm which produces zinc focus at its 100%-owned Empire State Mine positioned in New York state. Titan is constructed for progress, centered on worth and dedicated to excellence. For extra info on the Firm, please go to our web site at www.titanminingcorp.com.
Contact
For additional info, please contact:
Investor Relations:
E-mail:
information@titanminingcorp.com
Cautionary Word Relating to Ahead-Trying Info
Sure statements and data contained on this new launch represent “forward-looking statements”, and “forward-looking information” inside the that means of relevant securities legal guidelines (collectively, “forward-looking statements”). These statements seem in a quantity of locations on this information launch and embody statements concerning our intent, or the beliefs or present expectations of our officers and administrators, together with persevering with to increase the operation and improve throughput; that an extra mining zone on this space may have a really optimistic close to time period affect; and that the Firm plans to check near-mine targets with the potential to host high-grade, large-tonnage deposits . When used on this information launch phrases comparable to “could”, “to be”, “will”, “plan”, “expected”, “potential”, and related expressions are meant to determine these forward-looking statements. Though the Firm believes that the expectations mirrored in such forward-looking statements and/or info are cheap, undue reliance shouldn’t be positioned on forward-looking statements for the reason that Firm can provide no assurance that such expectations will show to be right. These statements contain identified and unknown dangers, uncertainties and different elements which will trigger precise outcomes or occasions to fluctuate materially from these anticipated in such forward-looking statements, together with the dangers, uncertainties and different elements recognized within the Firm’s periodic filings with Canadian securities regulators. Such forward-looking statements are primarily based on varied assumptions, together with assumptions made with regard to the flexibility to advance exploration efforts at ESM; the outcomes of such exploration efforts; the flexibility to safe sufficient financing (as wanted); the Firm sustaining its present technique and targets; and the Firm’s potential to realize its progress targets. Whereas the Firm considers these assumptions to be cheap, primarily based on info presently out there, they might show to be incorrect. Besides as required by relevant regulation, we assume no obligation to replace or to publicly announce the outcomes of any change to any forward-looking assertion contained herein to mirror precise outcomes, future occasions or developments, modifications in assumptions or modifications in different elements affecting the forward-looking statements. If we replace any a number of forward-looking statements, no inference needs to be drawn that we’ll make extra updates with respect to these or different forward-looking statements. You shouldn’t place undue significance on forward-looking statements and shouldn’t rely on these statements as of some other date. All forward-looking statements contained on this information launch are expressly certified of their entirety by this cautionary assertion.
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