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Titan Mining Identifies a Third Zone of Near-Surface Mineralization, Including 53 Feet of 6.5% Zinc, 0.5% Lead and 7.8 g/t Silver
VANCOUVER, British Columbia, March 03, 2020 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) is pleased to announce the delineat
About this update from Titan Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 03, 2020 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) is pleased to announce the delineation of a third zone of near-surface mineralization at its 100%-owned Empire State Mine (“ESM”) in upstate New York. Drilling has successfully delineated three significant zones of mineralization that can potentially be mined by lower cost open-pit mining methods and milled at ESM’s milling complex located one mile to the north under ESM’s current mining permit, subject to an update of the Mined Land Use Plan. This could allow for near-term development of the mineralization. Highlights from the Recent Drilling Program: All zones are located within an approximate 1-mile distance from the ESM mill. Please refer to Figure 1. Highlights from the recent drilling include: - Pumphouse Zone: Drilling has defined a zone of mineralization 25 feet thick over a strike length of 300 feet extending to a depth of at least 150 feet with hole SX20-2554 returning 53.0 feet assaying 6.5% zinc, 0.5% lead and 7.8 g/t silver, including 7.6 feet assaying 20.7% zinc, 1.6% lead and 17.1 g/t silver. - Hoist House Zone: Strike length extends to 750 feet with hole SX20-2557 returning 19.5 feet assaying 11.0% zinc, 1.7% lead and 19.5 g/t silver. - Turnpike Zone: Step out and infill drilling continue to confirm mineralization continuity along strike and down-dip with hole SX20-2561 returning 82.4 feet assaying 6.5% zinc, 2.1% lead and 14.7 g/t silver, including 33.5 feet assaying 12.8% zinc, 4.6% lead and 29.4 g/t silver. Preliminary metallurgy on the three near surface mineralized zones (Hoist House, Turnpike and Pumphouse), indicate similar recoveries for zinc (94-96%) as being achieved from mineralized material currently being mined from the #4 mining operations. Additionally, historic milling of mineralization containing galena (lead) and silver have produced high concentrate grades but at lower recoveries. A full array of testing is underway at Resource Development Inc (RDi) of Wheat Ridge, Colorado to determine expected ranges for the recoveries. Key mineralized intervals from the Pumphouse Zone include: 53.0 feet assaying 6.5% zinc, 0.5% lead and 7.8 g/t silver Including 7.6 feet assaying 20.7% zinc, 1.6% lead and 17.1 g/t silver 41.5 feet assaying 5.6% zinc, 0.4% lead and 9.8 g/t silver Includ...