Titan Mining Officially Opens Empire State Mine and Provides Update on Operations
1
Titan Mining Officially Opens Empire State Mine and Provides
Update on Operations
Vancouver, B.C., June 12, 2018 – Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”)
today officially opened the Empire State Mine (“ESM”) at a ceremony attended by George Pataki,
a director of the Company and former Governor of New York State. Titan also provided an update
on production from March 2018, when milling commenced, through the end of May.
Table 1 – Monthly Production at Empire State Mine
Average mill throughput at ESM has ramped up steadily from 443 tons per day (“tpd”) in March,
at a grade of 10.4% zinc , to 584 tpd in April, at a grade of 8.0% zinc. In May, mill throughput
averaged 776 tpd at a grade of 8.1% zinc and a recovery rate of 93.7%, showing a strong uptick
in monthly performance.
ESM #4 mine continues to progress well towards the production milestone of 1,800 tpd in early
2019. It is anticipated that commercial production will be declared in the third quarter of 2018.
Keith Boyle, Chief Operating Officer, stated : “Our grade control strategy is working well with
demonstrated positive grade reconciliation to date against the model . Overall, t he positive
momentum at the mine should make for a strong second half of 2018 as more stopes are
developed.”
Since the start of refurbishment and rehabilitation in November 2017, the workforce on site,
including contractors, has increased from 24 to more than 200 people, of which approximately
One month ended
May 31, 2018 April 30, 2018 March 31, 2018
Production
Ore milled tons per day 776 584 443
Ore milled tons 24,056 17,512 13,746
Feed grade % Zn 8.1 8.0 10.4
Recovery % 93.7 92.6 81.7
Contained zinc produced Mlbs 3.6 2.6 2.3
Payable zinc produced Mlbs 3.0 2.2 2.0
Concentrate grade % Zn 58.1 55.9 53.2
Zinc concentrate produced dmt 3,124 2,321 2,197
2
74% live locally. All of the surface and underground infrastructure that is necessary for production
has been successfully put back into service.
A miner training program has been developed and implemented as part of Titan’s localization
initiative, and is supported by $380,000 in funding from the New York Power Authority (“NYPA”)
and Workplace Development Institute. This program is expected to benefit the operation by
reducing dependence on non-local hiring and by developing skills ahead of an eventual transition
from contract mining to owner mining. The first group of seven trainees is expected to complete
their program and be deployed in the mine at the end of June, with training of the second group
to start in July.
Figure 1 – Official Opening of Empire State Mine June 12, 2018
Left to right: George Pataki (former Governor of New York State and Titan Director), Austin Juillet
(Miner Trainee), Keith Boyle (Titan COO), Judge Eugene Nicandri (NYPA Board of Trustees Vice
Chairman), Gil Quiniones (NYPA President and CEO), Darrel Johnson (Miner Trainer), Alex
Arbogast (Miner Trainee).
3
About Titan Mining Corporation
Titan is a Canadian-based zinc exploration and development company which has as its principal
asset the Empire State Mine in the State of New York. For more information on the Company,
please visit our website at www.titanminingcorp.com.
Cautionary Note Regarding Forward-Looking Information
This press release contains certain forward- looking statements. Words such as “expects”,
“anticipates” and “intends” or similar expressions are intended to identify forward- looking
statements. Forward- looking information is necessarily based on a number of opinions,
assumptions and estimates that, while considered reasonable by the Company as of the date of
this press release, are subject to known and unknown risks, uncertainties, assumptions and other
factors that may cause the actual results, use of proceeds or timing of events to be materially
different from those expressed or implied by such forward- looking information, including but not
limited to the factors described in greater detail in the “Risks and Uncertainties” section and other
sections of the Company’s Management’s Discussion and Analysis for the year ended December
31, 2017, available at www.sedar.com. No securities regulatory authority has expressed an
opinion about the securities described herein and it is an offence to claim otherwise. Titan
undertakes no obligation to publicly update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise, except as may be required by law.
Contact
For further information, please contact:
Jerrold Annett – Senior Vice President, Corporate Development
Telephone: 416-366-5678 Ext. 207 | Email: [email protected]
Jacqueline Allison – Vice President, Investor Relations and Strategic Analysis
Telephone: 416-366-5678 Ext. 205 | Email: [email protected]