|
Highlights
-Discovery of Turnpike zone, located within easy transport distance approximately one mile to the south of the ESM milling complex, with Hole SX19-2483 returning 80.0 feet assaying 5.8% zinc, 2.8% lead and 28.2 g/t silver, including 15.0 feet assaying 17.1% zinc, 7.8% lead and 79 g/t silver.
-The Hoist House zone is located approximately one mile south of the ESM mill, drill results include hole SX19-2484 returning 20.0 feet assaying 7.3% zinc, 0.9% lead and 11.7 g/t silver, and 31.0 feet assaying 4.2% zinc, 0.5% lead and 10.3 g/t silver.
-Together with the near surface extension of the #2D (see
Key mineralized intervals from the Turnpike zone include:
- 80.0 feet assaying 5.8% zinc, 2.8% lead and 28.2 g/t silver
◦ Including 15.0 feet assaying 17.1% zinc, 7.8% lead and 79 g/t silver - 207.0 feet assaying 3.1% zinc, 1.1% lead and 10.4 g/t silver
◦ Including 101.0 feet assaying 5.4% zinc, 2.1% lead and 18.1 g/t silver - 50.0 feet assaying 1.4% zinc, 0.4% lead and 5.0 g/t silver
◦ Including 10.0 feet assaying 3.6% zinc, 0.9% lead and 6.4 g/t silver
Key mineralized intervals from the Hoist House zone include:
- 8.0 feet assaying 11.0% zinc, 0.7% lead and 13.2 g/t silver
- 15.9 feet assaying 5.6% zinc, 0.9% lead and 18.5 g/t silver
◦ Including 5.8 feet assaying 10.2% zinc, 2.0% lead and 27.5 g/t silver - 47.5 feet assaying 2.2% zinc, 0.1% lead and 4.1 g/t silver
◦ Including 3.5 feet assaying 7.9% zinc, 0.1% lead and 7.4 g/t silver - 25 feet assaying 4.5% zinc, 0.5% lead and 20.3 g/t silver
- 20.0 feet assaying 7.3% zinc, 0.9% lead and 11.7 g/t silver
◦ Including 10.0 feet assaying 13.5% zinc, 1.6% lead and 19.1 g/t silver - 31.0 feet assaying 4.2% zinc, 0.5% lead and 10.3 g/t silver
◦ Including 10.0 feet assaying 10.1% zinc, 0.9%lead and 11.6 g/t silver
The Hoist House zone, located one mile south of the ESM #4 mine and milling complex, is interpreted to be the unmined extension of the historic #2 zone. Historic drilling indicates that the Hoist House zone extends to a depth of at least 300 feet over a strike length of 600 feet. The most recent drill holes at Hoist House have extended both the hanging wall (“HW”) and footwall (“FW”) mineralized horizons (Figure 3), and drilling continues.
The Turnpike zone (Figure 4), located 600 feet to the southeast of the Hoist House zone, is interpreted to be the unmined extension of the historic #1 zone. Historic mapping identified outcropping mineralization with a strike length of 450 feet, and drilling has confirmed the presence of near-surface mineralization between 50 and 100 feet thick.
The Pumphouse zone (Figure 1) is located 500 feet to the southwest of the Hoist House zone and is interpreted as being an unmined lens of mineralization adjacent to the historic #2 zone. Mineralization outcrops on surface and historic drilling indicates a 20 to 40-foot-wide zone of mineralization with a strike length of 350 feet and could extend to a depth of at least 150 feet.
Hoist House Zone Drill Results
Drill holes SX19-2478, SX19-2479 SX19-2480 and SX19-2484 were drilled from surface and are part of a four-hole fan which targets the Hoist House zone and is located 50 feet to the southwest of the previously-reported drill holes (SX19-2475, SX19-2476 and SX19-2477). All four holes intercepted the HW and FW mineralized horizons, demonstrating the continuity of mineralization down-dip and along strike. Intercepts from the four holes are vertically spaced about 50 feet apart in FW mineralization.
Significant mineralized intervals from SX19-2478 were:
- 8.0 feet assaying 11.0% zinc, 0.7% lead and 13.2 g/t silver (HW)
- 31.5 feet assaying 2.5% zinc, 0.2% lead and 7.8 g/t silver (FW)
Notable mineralized intervals from SX19-2479 were:
- 15.9 feet assaying 5.6% zinc, 0.9% lead and 18.5 g/t silver (HW)
◦ Including 5.8 feet assaying 10.2% zinc, 2.0% lead and 27.5 g/t silver - 47.5 feet assaying 2.2% zinc, 0.1% lead and 4.1 g/t silver (FW)
◦ Including 3.5 feet assaying 7.9% zinc, 0.1% lead and 7.4 g/t silver
Noteworthy mineralized interval from SX19-2480 were:
- 25.0 feet assaying 4.5% zinc, 0.5% lead and 20.3 g/t silver (HW)
- 25.0 feet assaying 4.6% zinc, 0.3% lead and 6.3 g/t silver (FW)
Significant mineralized intervals from SX19-2484 were:
- 20.0 feet assaying 7.3% zinc, 0.9% lead and 11.7 g/t silver (HW)
◦ Including 10.0 feet assaying 13.5% zinc, 1.6% lead and 19.1 g/t silver - 31.0 feet assaying 4.2% zinc, 0.5% lead and 10.3 g/t silver (FW)
◦ Including 10.0 feet assaying 10.1% zinc. 0.9% lead and 11.6 g/t silver
Turnpike Zone Drill Results
Drill holes SX19-2482, SX19-2483 and SX19-2485 were drilled from surface and are part of a three-hole fan targeting the Turnpike zone. The three holes intercepted a broad zone of mineralization averaging 80 feet in true thickness, confirming the presence of near-surface mineralization and establishing continuity of mineralization at depth. Intercepts from the three-hole fan are vertically spaced 50 feet apart. SX19-2481 targeted the northeast extent of Turnpike mineralization and intercepted a narrow zone.
Mineralization intercepted in SX19-2481 was:
- 2.0 feet assaying 2.8% zinc, <0.1% lead and 5.0 g/t silver
Notable mineralized interval from SX19-2482 was:
- 207.0 feet assaying 3.1% zinc, 1.1% lead and 10.4 g/t silver
◦ Including 101.0 feet assaying 5.4% zinc, 2.1% lead and 18.1 g/t silver
Significant mineralized interval from SX19-2483 was:
- 80.0 feet assaying 5.8% zinc, 2.8% lead and 28.2 g/t silver
◦ Including 15.0 feet assaying 17.1% zinc, 7.8% lead and 79 g/t silver
Notable mineralized interval from SX19-2485 was:
- 50.0 feet assaying 1.4% zinc, 0.4% lead and 5.0 g/t silver
◦ Including 10.0 feet assaying 3.6% zinc, 0.9% lead and 6.4 g/t silver
For a full list of the Hoist House and Turnpike mineralized intervals from these holes, refer to Table 1.
Figure 1 – Location of Near-Surface Drill Targets at ESM
https://www.globenewswire.com/NewsRoom/AttachmentNg/0763157e-04f6-48c6-aa63-29ae5b34d640
Figure 2 – Plan View of Hoist House and Turnpike Zones Showing Drill Hole Locations
https://www.globenewswire.com/NewsRoom/AttachmentNg/4f328500-109b-4c18-8857-0794539436a0
Figure 3 – Cross Section of Hoist House Zone Looking Northeast and Showing Drill Holes and Selected Mineralized Intervals
https://www.globenewswire.com/NewsRoom/AttachmentNg/91c64f06-ec61-4657-b667-93cd7dcb0283
Figure 4 – Cross Section of Turnpike Zone Looking Northeast and Showing Drill Holes and Selected Mineralized Intervals
https://www.globenewswire.com/NewsRoom/AttachmentNg/2b401e1d-ac75-48c2-8c9c-3c79d90b50f2
Table 1 – Exploration Drill Results from Hoist House and Turnpike Zones at ESM
https://www.globenewswire.com/NewsRoom/AttachmentNg/7e42d21c-089f-4e41-b568-ff063f293f3b
* Based on observed geologic contacts, no representation is made here regarding the true width.
Qualified Person
The results of the Titan drilling have been reviewed, verified and compiled by
Assays and Quality Assurance/Quality Control
To ensure reliable sample results, the Company has a rigorous QA/QC program in place that monitors the chain-of-custody of samples and includes the insertion of blanks and certified reference standards at statistically derived intervals within each batch of samples. Core is photographed and split in half with one-half retained in a secured facility for verification purposes.
Sample preparation (crushing and pulverizing) has been performed at ALS Geochemistry, an ISO/IEC accredited lab located in
About
Titan is an
Contact
For further information, please contact:
Telephone: 416-366-5678 Ext. 203 | Email: jwagenaar@titanminingcorp.com
Cautionary Note Regarding Forward-Looking Information
This press release contains certain forward-looking statements. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance of current and additional drilling, or timing of events to be materially different from those expressed or implied by such forward-looking information, including but not limited to the factors described in greater detail in the Company’s Management’s Discussion and Analysis and Annual Information Form for the year ended
2020 GlobeNewswire, Inc., source