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One Large Porphyry: Titan’s Copper Ridge and Meseta prospects join forces as one 2km long copper-gold system
Special Report: A 2km long chargeability anomaly has indicated that Titan Minerals’ Copper Ridge and Meseta prospects at the Linderos … Read More
The…
- TTM flags a 2km long chargeability anomaly potentially connecting the Copper Ridge and Meseta prospects at the Linderos project in southern Ecuador
- Linderos sits just 20km from company’s flagship Dynasty gold project which hosts 3.1Moz gold and 22Moz silver
- The project could be shaping up as a large porphyry system
- Drilling planned in early 2024
A 2km long chargeability anomaly has indicated that Titan Minerals’ Copper Ridge and Meseta prospects at the Linderos project are connected as one large porphyry system.
Ecuador is one of the fastest-growing mining jurisdictions in Latin America and the second-most attractive destination for mining investment, according to the Fraser Institute’s Investment Attractiveness Index.
Linderos, just 20km from the company’s flagship 3.1Moz gold, 22Moz silver Dynasty project, is comprised of four contiguous concessions totalling an area of 143km2 near the Peruvian border in southern Ecuador’s Loja Province.
Linderos could be shaping up as another big play for the company, with a recently completed 3D Induced Polarisation (3D IP) geophysical survey unveiling a much larger porphyry system than previously recognised in surface mapping, geochemistry, and limited drilling.
Just scratching the surface at Linderos
The 3DIP survey included the Copper Ridge Porphyry (Copper Ridge), Meseta Gold (Meseta), Capa Rosa and Nueva Esperanza prospects.
Results flagged a 2km-long IP chargeability anomaly, where the ability of a rock to hold charge (like a battery) is used as an indicator for the presence of metal minerals.
This anomaly indicates that the Copper Ridge Porphyry system continues to the north and manifests beneath the Meseta Gold prospect – confirming Titan’s (ASX:TTM) view that Linderos has the potential to host a much larger porphyry system.
“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 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.”
Drill testing in early 2024
The next phase of drilling at the project will test lateral and depth extensions at the Copper Ridge porphyry and the potential for porphyry mineralisation below Meseta.
Regional exploration is also continuing across the broader project with other prospect areas advancing with detailed mapping and surface geochemistry programs.
“The company looks forward to drill testing the newly defined larger porphyry system in early 2024,” Leighton said.
This article was developed in collaboration with Titan Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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