Titan Minerals Confirms Large-Scale Porphyry System at Linderos Copper Project
Drilling by JV Partner Hanrine Doubles Known Mineralisation Footprint
Titan Minerals Limited (ASX:TTM) has confirmed the presence of a significant, large-scale porphyry copper system at its Linderos Copper Project in southern Ecuador, following the release of results from the first four drill holes completed by Joint Venture partner Hanrine.
Drilling at the Copper Ridge prospect has defined mineralisation across a strike extent of 1 kilometre and to a vertical depth of 1 kilometre—doubling the previously drill-defined footprint. Standout intercepts include:
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398m @ 0.24% Cu Eq from 420m, including 178m @ 0.30% Cu Eq from 453.5m in DHCR-01.
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735m @ 0.23% Cu Eq from 385m, including 131m @ 0.29% Cu Eq from 385m & including 51m @ 0.37% Cu Eq from 622.8m in DHCR-02.
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367m @ 0.24% Cu Eq from 246m in DHCR-04.
Hanrine, a subsidiary of Hancock Prospecting, is funding and operating the 10,000m diamond drilling campaign as part of its second earn-in milestone, which will increase its stake in the project to 30%.
Titan CEO Melanie Leighton said:
“We are very pleased to share the first round of encouraging results from drilling completed by Hanrine at our Linderos JV Project. The results have confirmed our belief that the Copper Ridge porphyry system is of significant scale, with drilling testing porphyry mineralisation over 1km of strike and down to 1km depth, doubling the previous drill defined porphyry footprint, remaining open in all directions.”
“We are very happy to be partnered with Hanrine, who have proven their dedication to expediting their exploration drilling at Linderos, and their ability to deliver meaningful results. Together, we look forward to delivering further results, the completion of Earn-in Milestone 2 and the commencement of Milestone 3, as we work toward unveiling the true potential of the Linderos Copper Project.”
Drilling is ongoing with further assay results expected in the coming months. Mineralisation remains open in multiple directions, including under the Meseta epithermal gold prospect, where limited historical drilling has only reached 150m depth.
Hanrine is expected to initiate the third earn-in milestone (15,000m of diamond drilling or US$12 million expenditure) in Q3 2025, which would see its total interest in Linderos increase to 51%.
About us:
The Linderos Project is located 20km southwest of the Company’s flagship Dynasty Gold Project and is comprised of four contiguous concessions totalling an area of 143km² located near the Peruvian border in southern Ecuador’s Loja Province.
Located in a major flexure of the Andean Terrane, the Linderos Project is situated within a corridor of mineralisation extending from Peru through northern Ecuador that is associated with Palaeocene to late Miocene aged intrusions.
The majority of porphyry copper and epithermal gold deposits in southern Ecuador are associated with magmatism in this age range, with a number of these younger intrusions located along the margin of the extensive Cretaceous aged Tangula Batholith forming a favourable structural and metallogenic corridor for intrusion activity where Titan Minerals holds a significant land position in southern Ecuador.
Contact details:
For interview opportunities, additional information please contact:
Media & Investor Relations
Jane Morgan
E: [email protected]
Ph: +61 405 555 618