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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 Corporation (TSX: TI) (“Titan” or the "Company") is pleased to provide an update on
About this update from Titan Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX: TI) (“Titan” or the \"Company\") is pleased to provide an update on recent drill results from a newly discovered zone of near-mine mineralization at the Company’s 100% owned Empire State Mine (“ESM”) in upstate New York. The newly identified mineralized zone lies in close proximity and between the Company’s New Fold and Mahler ore bodies, which are areas of current major production for the Company. Significant mineralized intercepts include: 32.5 feet assaying 19.0% zinc 48.7 feet assaying 23.9% zinc 25.4 feet assaying 15.0% zinc 30.4 feet assaying 9.0% zinc The underground exploration program is ongoing, to date six holes have been completed. Assays have been returned on four of the holes, with two holes still pending results. The mineralization intercepted lies between the Mahler and New Fold ore bodies along the same structure. The relationship between the newly identified zone and the known ore bodies is currently being evaluated. ESM General Manager 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.” Table I. Mineralized intercepts from underground exploration program 2022 - Underground Exploration Drilling Hole 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 9 Note: The true width of the mineralization is not currently known. Table II. Collar Location Collars Hole ID Length (ft) Easting (...