Titan Mining Drills Two New Zones of Near-Surface Mineralization, Including 80 Feet of 5.8% Zinc, 2.8% Lead and 28.2 g/t Silver
1
Titan Mining Drills Two New Zones of Near-Surface Mineralization, Including 80
Feet of 5.8% Zinc, 2.8% Lead and 28.2 g/t Silver
Vancouver, B.C., January 14, 2019 – Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”)
is pleased to announce drill results of two new zones of near-surface mineralization at the Company’s
Empire State Mine (“ESM”) in upstate New York. The definition drilling of these potential new open-pit
mill feed zones is a key goal of the Company’s strategy of filling over 3,000 tonnes per day (“tpd”) of
excess capacity at the ESM mill in an effort to dramatically increase production and lower costs.
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 November 14, 2018 press release), these
zones represent potential sources of low cost open-pit mining feed within mining claims, which could
allow for near-term development.
Key mineralized intervals from the Turnpike zone include:
80.0 feet assaying 5.8% zinc, 2.8% lead and 28.2 g/t silver
o 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
o 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
o 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
o 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
o 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
o 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
2
o Including 10.0 feet assaying 10.1% zinc, 0.9%lead and 11.6 g/t silver
Scott Burkett, Vice President, Exploration, commented, “The drilling results from the Hoist House and
Turnpike zones are encouraging as we continue to confirm the presence of near-surface mineralization
which may potentially support open-pit mining of incremental feed for our under-utilized mill at ESM. At
Hoist House, continuity of mineralization has been demonstrated along strike and down dip. Initial drilling
at Turnpike has identified robust mineralization up to 100 feet wide.”
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.
Don Taylor, Chief Executive Officer, said, “Drilling continues to indicate several near-surface targets
representing potential low-cost opportunities for additional mill feed. Preliminary metallurgical tests
on Hoist House zinc mineralization indicate that the processing method and recovery rates are similar
to those for the #2D zone which is being developed for underground mining. In addition to zinc, the
Hoist House and Turnpike zones contain galena and associated silver. The mill at ESM is
currently outfitted with a lead circuit and will be tested to take advantage of the lead/silver content
of the mineralization currently under investigation.”
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)
3
o 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)
o 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)
o 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)
o 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
o 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
o 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
o 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.
4
Figure 1 – Location of Near-Surface Drill Targets at ESM
5
Figure 2 – Plan View of Hoist House and Turnpike Zones Showing Drill Hole Locations
6
Figure 3 – Cross Section of Hoist House Zone Looking Northeast and Showing Drill
Holes and Selected Mineralized Intervals
7
Figure 4 – Cross Section of Turnpike Zone Looking Northeast and Showing Drill Holes
and Selected Mineralized Intervals
8
Table 1 – Exploration Drill Results from Hoist House and Turnpike Zones at ESM
* 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 Donald R. Taylor,
MSc., PG, Chief Executive Officer of Titan, a qualified person as defined by National Instrument
43-101 (NI 43-101). Mr. Taylor has 30 years of mineral exploration and mining experience, and
is a Registered Professional Geologist through the SME (registered member #4029597).
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 Sudbury, Ontario, Canada. ALS Minerals Laboratories prepares
a pulp of all samples and sends the pulps to their analytical laboratory in Vancouver, B.C.,
Canada, for analysis. ALS analyzes the pulp sample by an aqua regia digestion (ME-ICP41 for
35 elements) with an ICP – AES finish including Cu (copper), Pb (lead), and Zn (zinc). All samples
in which Cu (copper), Pb (lead), or Zn (zinc) are greater than 10,000 ppm are re-run using aqua
regia digestion (Cu-OG46; Pb-OG46; and Zn-OG46) with the elements reported in percentage
(%). Silver values are determined by an aqua regia digestion with an ICP-AES finish (ME-ICP41)
with all samples with silver values greater than 100 ppm repeated using an aqua regia digestion
Drill hole From (feet) To (feet) Interval (feet)* From (meters) To (meters) Interval (meters)* Zn% Pb% Ag g/t Zone Horizon
SX19-2478 79.0 87.0 8.0 24.1 26.5 2.4 11.0 0.7 13.2 Hoist House HW
SX19-2478 147.0 152.0 5.0 44.8 46.3 1.5 4.5 0.1 9.6 Hoist House FW
SX19-2478 195.5 227.0 31.5 59.6 69.2 9.6 2.5 0.2 7.8 Hoist House FW
SX19-2479 67.1 83.0 15.9 20.5 25.3 4.8 5.6 0.9 18.5 Hoist House HW
including 73.0 78.8 5.8 22.2 24.0 1.8 10.2 2.0 27.5 Hoist House HW
SX19-2479 199.5 247.0 47.5 60.8 75.3 14.5 2.2 0.1 4.1 Hoist House FW
including 199.5 203.0 3.5 60.8 61.9 1.1 7.9 0.1 7.4 Hoist House FW
SX19-2480 62.0 87.0 25.0 18.9 26.5 7.6 4.5 0.5 20.3 Hoist House HW
SX19-2480 232.0 257.0 25.0 70.7 78.3 7.6 4.6 0.3 6.3 Hoist House FW
SX19-2480 277.0 307.0 30.0 84.4 93.6 9.1 1.2 0.3 6.6 Hoist House FW
SX19-2484 77.0 97.0 20.0 23.5 29.6 6.1 7.3 0.9 11.7 Hoist House HW
including 82.0 92.0 10.0 25.0 28.0 3.0 13.5 1.6 19.1 Hoist House HW
SX19-2484 167.0 177.0 10.0 50.9 53.9 3.0 2.7 0.2 5.0 Hoist House FW
SX19-2484 242.0 273.0 31.0 73.8 83.2 9.4 4.2 0.5 10.3 Hoist House FW
including 247.0 257.0 10.0 75.3 78.3 3.0 10.1 0.9 11.6 Hoist House FW
SX19-2481 87.0 89.0 2.0 26.5 27.1 0.6 2.8 0.0 5.0 Turnpike NA
SX19-2482 15.0 222.0 207.0 4.6 67.7 63.1 3.1 1.1 10.4 Turnpike NA
including 46.0 147.0 101.0 14.0 44.8 30.8 5.4 2.1 18.1 Turnpike NA
SX19-2483 22.0 102.0 80.0 6.7 31.1 24.4 5.8 2.8 28.2 Turnpike NA
including 62.0 77.0 15.0 18.9 23.5 4.6 17.1 7.8 79.0 Turnpike NA
SX19-2483 142.0 182.0 40.0 43.3 55.5 12.2 1.0 0.3 6.2 Turnpike NA
SX19-2485 17.0 67.0 50.0 5.2 20.4 15.2 1.4 0.4 5.0 Turnpike NA
including 17.0 27.0 10.0 5.2 8.2 3.0 3.6 0.9 6.4 Turnpike NA
SX19-2485 82.0 107.0 25.0 25.0 32.6 7.6 1.3 1.0 10.1 Turnpike NA