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Titan Mining Expands New Fold, #2D and NE Fowler Mineralized Zones
VANCOUVER, British Columbia, April 01, 2019 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) today provided an update on its exp
About this update from Titan Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 01, 2019 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) today provided an update on its exploration program at the Empire State Mine (“ESM”). The update includes drilling results from four near-mine mineralized zones: New Fold and NE Fowler at ESM #4 mine, #2D which is an extension of the large #2 mine, and #1D, which lies stratigraphically below. Significant mineralized intercepts(1) include: New Fold: 38.0 feet assaying 16.0% zinc Including 9.9 feet assaying 33.4% zinc 24.8 feet assaying 11.8% zinc Including 4.9 feet assaying 39.0% zinc 32.8 feet assaying 9.5% zinc Including 10.7 feet assaying 21.0% zinc 13.4 feet assaying 21.5% zinc 28.5 feet assaying 17.2% zinc Including 9.1 feet assaying 28.3% zinc #2D and #1D: 84.5 feet assaying 7.5% zinc (#2D) Including 35.0 feet assaying 10.3% zinc 8.2 feet assaying 9.9% zinc (#1D) NE Fowler: 27.3 feet assaying 5.7% zinc Including 4.7 feet assaying 13.8% zinc 12.7 feet assaying 6.4% zinc New Fold Zone An 18-hole underground exploration program was carried out in early 2019. The program was designed to test the southern extension of the mineralization in the New Fold zone. The drilling confirms that high-grade zinc mineralization extends at least 300 feet up-plunge from the mineral resource included in the 2018 PEA(2). The mineralization in the New Fold zone now extends over 1,800 feet from southwest to northeast, and remains open to the northeast. (1) Widths provided are drill intercepts and not true widths for the zones.(2) Refer to the technical report entitled “NI 43-101 Preliminary Economic Assessment Updated Technical Report, Empire State Mines, Gouverneur, New York, USA”, dated May 24, 2018 (“2018 PEA”); the mineral resource estimate in the 2018 PEA is dated January 31, 2018. #2D and #1D Zones Underground infill drilling continues to define the continuity of high-grade mineralization in the central portion of the #2D mineralized zone. In this area, the zone is 50 feet to 100 feet thick along a defined fold hinge which extends approximately 1,500 feet northeast from the historic mineralization. The recent drill holes also intercepted high-grade mineralization in the #1D zone, located approximately 275 feet below the #2D zone. Drilling results indicate that the grade of the mineralization in the #1D zone increases ...