Titan Mining Expands New Fold, #2D and NE Fowler Mineralized Zones
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Titan Mining Expands New Fold, #2D and NE Fowler Mineralized Zones
Vancouver, B.C., April 1, 2019 – 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:
o 38.0 feet assaying 16.0% zinc
Including 9.9 feet assaying 33.4% zinc
o 24.8 feet assaying 11.8% zinc
Including 4.9 feet assaying 39.0% zinc
o 32.8 feet assaying 9.5% zinc
Including 10.7 feet assaying 21.0% zinc
o 13.4 feet assaying 21.5% zinc
o 28.5 feet assaying 17.2% zinc
Including 9.1 feet assaying 28.3% zinc
#2D and #1D:
o 84.5 feet assaying 7.5% zinc (#2D)
Including 35.0 feet assaying 10.3% zinc
o 8.2 feet assaying 9.9% zinc (#1D)
NE Fowler:
o 27.3 feet assaying 5.7% zinc
Including 4.7 feet assaying 13.8% zinc
o 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.
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#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 to the northeast and the zone remains open in that direction.
NE Fowler Zone
In 2018, 14 holes totaling approximately 16,200 feet were drilled to test the up-plunge extension of the
mineralization at the NE Fowler zone, and to upgrade the 2018 PEA resource classification from the
inferred category to the indicated category. The drill program demonstrated the up-plunge continuity of
mineralization. Drilling also indicated that the mineralization thickens to the west and north, and remains
open in both directions. Based on the current drill results, it appears that the thicker and higher-grade
portion of the NE Fowler mineralized zone is situated further to the north/northwest and will be the target
of future drilling.
2019 Exploration Program
The exploration program at ESM remains focused on testing targets that have the potential to host high-
grade, large-tonnage deposits. These targets include historic mined areas such as the Edwards mine,
and several prospects with coincident soil and geophysical anomalies.
“The surface and underground exploration drilling programs continue to expand the mineralized zones
at ESM,” said Scott Burkett, Vice President, Exploration. “The drilling results indicate that the mineralized
zones being targeted have grown in size and remain open along strike. Continued drilling is expected
to increase the mineral resources and add to the mine life at ESM.”
Donald Taylor, Chief Executive Officer of Titan, commented, “We are encouraged by the results of our
step-out drilling at New Fold. This is a higher-grade zone which could contribute to near-term production.
Both New Fold and the #2D zone are being incorporated in our revised mine plan which is expected to
be completed mid-year. Our team remains focused on underground development at ESM in addition to
exploring this highly-prospective district.”
Drill holes 2237-F, 2238-F and 2239-F were part of a six-hole underground fan targeting the New
Fold zone. The holes extend high-grade mineralization approximately 150 feet up-plunge from
the 2018 PEA mineral resource. Intercepts from the three holes are vertically spaced
approximately 70 feet apart.
Notable mineralized intervals from 2237-F were:
13.4 feet assaying 21.5% zinc
13.5 feet assaying 8.8% zinc
A noteworthy mineralized interval from 2238-F was:
28.5 feet assaying 17.2% zinc
o Including 9.1 feet assaying 28.3% zinc
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Notable mineralized intervals from 2239-F were:
15.4 feet assaying 8.5% zinc
9.0 feet assaying 16.4% zinc
Drill holes 2243-F, 2244-F, 2245-F and 2246-F were drilled from underground and are part of a
seven-hole fan targeting the New Fold zone. The holes demonstrate the continuity of high-grade
mineralization and extend the zone 300 feet up-plunge from the 2018 PEA resource. Intercepts
from the four holes are vertically spaced approximately 70 feet apart.
A noteworthy mineralized interval from 2243-F was:
32.8 feet assaying 9.5% zinc
o Including 10.7 feet assaying 21.0% zinc
A notable mineralized interval from 2244-F was:
24.8 feet assaying 11.8% zinc
o Including 4.9 feet assaying 39.0% zinc
A noteworthy mineralized interval from 2245-F was:
38.0 feet assaying 16.0% zinc
o Including 9.9 feet assaying 33.4% zinc
A notable mineralized interval from 2246-F was:
33.8 feet assaying 7.4% zinc
o Including 14.0 feet assaying 13.8% zinc
UX18-010 is a horizontal infill hole drilled underground from the 2500 level. The drill hole targeted
the central portion of the mineralization at the #2D zone where the greatest thicknesses and
highest grades have been observed. The drill hole confirms t he grade and thickness of
mineralization in both the upper and lower #2D horizons. Notable mineralized intervals were:
84.5 feet assaying 7.5% zinc (#2D)
o Including 35.0 feet assaying 10.3% zinc
22.2 feet assaying 7.2% zinc (#2D)
SX19-2466 is a vertical hole drilled from surface. The drill hole had a significant intercept in the
#1D zone. The hole indicates that the grade of the mineralization increases to the northeast and
remains open in that direction. A noteworthy mineralized interval was:
8.2 feet assaying 9.9% zinc
2227-F is an inclined underground drill hole targeting NE Fowler mineralization. The drill hole
intercepted two mineralized horizons which remain open to the west. The results suggest that the
main part of the NE Fowler mineralization may not yet have been identified. Notable mineralized
intervals were:
5.6 feet assaying 6.3% zinc
27.3 feet assaying 5.7% zinc
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o Including 4.7 feet assaying 13.8% zinc
2231-F is an inclined underground hole, drilled 570 feet north of 2227-F, targeting NE Fowler
mineralization. The drill hole intercepted one significant mineralized interval and remains open to
the north. A noteworthy mineralized interval was:
12.7 feet assaying 6.4% zinc
For a full list of the New Fold, #2D, #1D and NE Fowler mineralized intervals from these holes,
refer to Tables 1 and 2.
Table 1 – Recent Exploration Drill Results from New Fold Zone at ESM
Note: It is not possible to determine the true width of the zone(s) based on the drill density and no representation is
made here regarding true width of the zone(s).
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Table 2 – Recent Exploration Drill Results from NE Fowler, #2D and #1D Zones at ESM
Note: It is not possible to determine the true width of the zone(s) based on the drill density and no representation is
made here regarding true width of the zone(s).
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Figure 1 – Plan View of Select Near-Mine Mineralized Zones
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Figure 2 – Isometric View (Looking Southwest) of New Fold Step-Out Drilling and Selected
Significant Mineralized Intervals
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Figure 3 – Plan View of #2D Zone Showing Drill Hole Locations