Leveraging the data from a 3-dimensional Induced Polarisation (IP) geophysical survey, Titan Minerals Ltd (ASX:TTM) has identified a 2-kilometre-long IP chargeability anomaly that indicates the Copper Ridge porphyry and Meseta epithermal gold prospects are part of the same system.
The data also indicates that additional porphyry mineralisation may sit just below the Mesata prospect, offering further prospectivity for the Linderos Copper-Gold Project in Ecuador.
“Very exciting development”
“Results of the Linderos Project IP survey have confirmed our hypothesis that the Copper Ridge porphyry and Meseta epithermal gold mineral systems are intimately associated,” Titan Minerals CEO Melanie Leighton said.
“A 2-kilometre chargeability anomaly has highlighted phyllic alteration/ sulphide mineralisation associated with a porphyry system to extend from Copper Ridge, all the way to the Meseta epithermal gold system in the north.
“This is a very exciting development for Titan, implying a much larger porphyry system than previously recognised by surface mapping, geochemistry, and drilling to date.
“The company looks forward to drill testing the newly defined larger porphyry system in early 2024.”
TTM intends to drill-test the lateral and depth extensions of Copper Ridge in the next phase of drilling at the project, while also investigating the potential for porphyry mineralisation below Meseta.
Titan is also continuing regional exploration across the broader project area, advancing other prospects with detailed mapping and geochemistry programs.