Titan Mining Advances Kilbourne Exploration, With Surface Trenching and Bulk Sample Identification Underway
Titan Mining Advances Kilbourne Exploration, With Surface Trenching and
Bulk Sample Identification Underway
Vancouver, B.C., November 2, 2023 – Titan Mining Corporation (TSX:TI) (“ Titan” or the
“Company”) is pleased to announce that it is advancing surface exploration activities at the
Company’s Kilbourne graphite target . Field crews have begun map ping and sampling with
equipment being mobilized to begin trenching and channel sampling . The surface work will aim
to identify areas of higher grade graphite amenable to bulk sampling . This information will also
be used to locate drill holes for the Company’s upcoming drill program.
Highlights:
• A minimum of 3,500 ft of trenching to test surface mineralization and establish high priority
targets for follow up drilling. All current target areas are within the Empire State Mine
surface property.
• Channel sampling within the active mine permit will aim to generate a bulk tonnage target
for further metallurgical and graphitic carbon (Cg) concentrate testing.
• Sampling and Prospecting of the Kilbourne host unit is planned to target the entirety of the
roughly 25,000 ft of known strike length.
• Pad and drill road preparation for the first phase of drilling, with a target of 12,000 feet.
The Kilbourne target has roughly 25,000 ft feet of mapped surface trace, lying entirely within Titan
Mining mineral rights (see Figure 1). This initial phase of exploration will focus on identifying areas
of elevated graphite mineralization at the surface. These mineralized zones will be tested down
dip by drilling planned to begin as early as December 2023. The current footage target for this
program is 12,000 ft. Equipment has mobilized to site to enable trenching and channel sampling
of the mineralized lithology, and to begin pad and road preparation. Additional targets for channel
sampling and trenching may be identified through the prospecting and mapping efforts.
As results from the trenching program become available the Company hopes to identify material
suitable for bulk tonnage sampling within the currently permitted mine footprint. This material will
be utilized in further metallurgical and concentrate end use studies.
Currently testing of diamond drill hole core material is being undertaken at SGS labs in Lakefield,
Ontario. This testing will produce a Cg concentrate that will then be evaluated further to determine
the appropriate end use(s). Initial results are expected in Q4 2023.
Donald Taylor, President and CEO of Titan, commented, “The location of this target, the grades
we’ve seen to date, and the historic intercepts documenting mineralization make this a very
compelling critical minerals project. If we can find a mineable body of graphite within our existing
claims, we believe we will be a step or two ahead of other US graphite projects.”
About Kilbourne
The Kilbourne Target is an exploration stage graphite target within the existing mineral tenure of
Titan Mining’s Empire State Mine. Average grade of mineralized intercepts is 2.5% Cg with high
grade samples ranging up to 4.5% Cg. The target’s location within and adjacent to ESM’s active
mine permit and infrastructure may offer an exciting opportunity for a domestic source of graphite.
Figure 1: Relative location of the Kilbourne Target horizon to ESM permits and infrastructure. Three areas have been identified
for drilling, each green oval represents a target ~ 3,280 ft (1,000 m) in length. Trenching and channel sampling is to focus on
known surface mineralization within permitted and accessible ground (red oval), and mapping and sampling will focus on the
known extensions of the Kilbourne Host lithology to the east and south.
Qualified Person
The scientific and technical information contained in this news release and the sampling,
analytical and test data underlying the scientific and technical information has been reviewed,
verified and approved by Donald R. Taylor, MSc., PG, President and Chi ef Executive Officer of
the Company, a qualified person for the purposes of NI 43 -101. Mr. Taylor has more than 25
years of mineral exploration and mining experience and is a Registered Professional Geologist
through the SME (registered member #4029597). The data was verified using data validation and
quality assurance procedures under high industry standards.
About Titan Mining Corporation
Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire
State Mine located in New York state. Titan is built for growth, focused on value and committed
to excellence. For more information on the Company, please visit our website at
www.titanminingcorp.com.
Contact
For further information, please contact:
Investor Relations:
Email: [email protected]
Cautionary Note Regarding Forward-Looking Information
Certain statements and information contained in this new release constitute "forward -looking
statements", and "forward -looking information" within the meaning of applicable securities laws
(collectively, "forward-looking statements"). These statements appear in a number of places in
this news release and include statements regarding our intent, or the beliefs or current
expectations of our officers and directors, including plans and timing of exploration at the
Kilbourne target; and potential results of such exploration. When used in this news release words
such as “to be”, "will", "planned", "expected", "potential", and similar expressions are intended to
identify these forward-looking statements. Although the Company believes that the expectations
reflected in such for ward-looking statements and/or information are reasonable, undue reliance
should not be placed on forward -looking statements since the Company can give no assurance
that such expectations will prove to be correct. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual results or events to vary materially
from those anticipated in such forward -looking statements, including the risks, uncertainties and
other factors identified in the Company's periodic filings with Canadian securities regulators. Such
forward-looking statements are based on various assumptions, including assumptions made with
regard to the ability to advance exploration efforts at ESM; the results of such exploration efforts;
the ability to secure adequate financing (as needed); the Company maintaining its current strategy
and objectives; and the Company’s ability to achieve its growth objectives. While the Company
considers these assumptions to be reasonable, based on information currently avail able, they
may prove to be incorrect. Except as required by applicable law, we assume no obligation to
update or to publicly announce the results of any change to any forward -looking statement
contained herein to reflect actual results, future events or developments, changes in assumptions
or changes in other factors affecting the forward-looking statements. If we update any one or more
forward-looking statements, no inference should be drawn that we will make additional updates
with respect to those or other forward-looking statements. You should not place undue importance
on forward-looking statements and should not rely upon these statements as of any other date.
All forward -looking statements contained in this news release are expressly qualified in thei r
entirety by this cautionary statement.