Titan Mining Identifies New Mineralized Zones Close to Existing Infrastructure at Empire State Mine
2018년 6월 12일
밴쿠버, BC, 2018년 6월 12일 - 온라인 슬롯(TSX:TI) (“타이탄” 또는 “Company”) today announced positive results from its 2018 exploration program at 무료 슬롯 게임 Empire State Mine (“ESM”). 무료 슬롯 게임 ongoing review of historic data at 무료 슬롯 게임 mine has led to 무료 슬롯 게임 identification of two new zones - 무료 슬롯 게임 #2 Deep zone, immediately below 무료 슬롯 게임 historic #2 mine, and 무료 슬롯 게임 NE Streeter zone located less than a mile to 무료 슬롯 게임 east of 무료 슬롯 게임 #4 shaft. 무료 슬롯 게임 #2 Deep and NE Streeter zones, and 무료 슬롯 게임 previously-known #1 Deep zone, which is immediately below 무료 슬롯 게임 historic #1 mine, will be tested for down-plunge extensions.
As part of 무료 슬롯 게임 previously announced plan to expand throughput to 3,000 tons per day (“tpd”) in 2020, engineering work has begun on several fronts to support 무료 슬롯 게임 economic analysis of 무료 슬롯 게임 updated mineral resource. 무료 슬롯 게임 #2 Deep and NE Streeter zones are not included in 무료 슬롯 게임 current mineral resource at ESM, and there is potential for all three zones to provide additional mineral resources for 무료 슬롯 게임 updated life-of-mine plan expected before year-end. All zones are above 무료 슬롯 게임 current shaft bottom at 3,100 feet below surface.
- #2 딥 존 - This is a potential extension of a previously mined zone in the historic #2 mine. The #2 mine accounted for almost 18 million tons mined at a grade of 8.8% zinc, or approximately 50% of the combined historic production at ESM #1 to #4 mines. The #2 Deep zone is located 1,300 feet east of the #4 shaft. The historic estimate of unmined mineralized material at #2 Deep is 931,000 tons at a diluted grade of 6.59% zinc. The mineralization is open down-plunge to the north-northeast, and the extension has not yet been drill tested. There is potential to increase the strike length of the zone by approximately 1,000 feet, which would double the existing strike length. Drilling of this target from surface is scheduled to start in the third quarter of 2018, followed by underground drilling in early 2019. 28968_29185|I agree to receive press releases, quarterly and annual reports, presentations and other information concerning 온라인 슬롯 and its affiliates and partners. 나는 언제든지 동의를 철회할 수 있음을 이해합니다.
- NE 스트리터 - This mineralized zone is located 2,000 feet southeast of 무료 슬롯 게임 Sylvia Lake deposit and 1,300 feet from surface. 무료 슬롯 게임 historic estimate of unmined mineralized material is 300,000 tons at a diluted grade of 6.28% zinc, and mineralization remains open down-plunge.
- #1 딥 존 - This is a potential extension of a previously mined zone in 무료 슬롯 게임 historic #1 mine. 무료 슬롯 게임 historic estimate of unmined mineralized material is 410,000 tons at a diluted grade of 6.95% zinc. Similar to #2 Deep, 무료 슬롯 게임 down-plunge extension of 무료 슬롯 게임 mineralization has not been drill tested, and there is potential to double 무료 슬롯 게임 strike length of 무료 슬롯 게임 zone to approximately 2,000 feet.
“Our inventory of exploration targets has increased during 무료 슬롯 게임 short review so far,” stated Scott Burkett, Vice President, Exploration. “We are excited about testing down-plunge extensions of known mineralization. Follow up drilling is planned as all three zones have 무료 슬롯 게임 potential to add significantly to our resource base and can be developed relatively quickly and inexpensively given their proximity to current mine infrastructure.”
무료 슬롯 게임 historic estimates of unmined mineralized material at 무료 슬롯 게임 #2 Deep, #1 Deep and NE Streeter zones are shown in Table 1. Figure 1 shows 무료 슬롯 게임 location of these zones relative to 무료 슬롯 게임 historic mine workings and current mineral resources.
Table 1 - Unmined Historic Mineralized Material
| 광물화 지대 | 위치 | Tons | Diluted Grade (% Zinc) |
|---|---|---|---|
| #2 깊이 | 역사적인 2번 광산 아래 | 931,000 | 6.59 |
| NE Streeter | Southeast of Sylvia Lake zone | 300,000 | 6.28 |
| #1 깊이 | 역사적인 1번 광산 아래 | 410,000 | 6.95 |
Figure 1 - Newly Identified Near-Mine Mineralized Zones - #2 Deep, NE Streeter and #1 Deep
무료 슬롯 게임 first priority of 무료 슬롯 게임 exploration program continues to be 무료 슬롯 게임 review of 100 years of historic data and 무료 슬롯 게임 compilation, digitization and modeling of existing drill holes, geologic maps and sections. Early success in expanding 무료 슬롯 게임 mineral resource at ESM was announced on April 10, 2018, and included an increase in inferred mineral resources of 3.1 million tons at an undiluted grade of 11.9% zinc. Only 40% of 무료 슬롯 게임 planned review of historic data has been completed to date.
무료 슬롯 게임 exploration team continues to evaluate historic data for 무료 슬롯 게임 three new zones in order to construct detailed geology models. This data/information will be used to confirm 무료 슬롯 게임 historic estimates of mineralized material and to guide future exploration drilling. 무료 슬롯 게임 surface drilling program will focus initially on 무료 슬롯 게임 #2 Deep zone, followed by 무료 슬롯 게임 other recently identified near-mine targets in 무료 슬롯 게임 second half of 2018.
“Titan controls an excellent land package, including 무료 슬롯 게임 recently restarted Empire State Mine #4 mine and six former mines,” continued Mr. Burkett. “This historic district is underexplored and offers 무료 슬롯 게임 potential for multiple new discoveries in addition to follow-up drilling on known prospects. We are seeing 무료 슬롯 게임 benefits of integrating a large historic archive of data into modern modeling software and believe that this will significantly improve our chances of discovering new deposits.”
Eric Strom, Vice President, Projects and Innovation added, “Geotechnical, pastefill and mine design studies for 무료 슬롯 게임 expanded operation should be completed by year-end. Our new life-of-mine plan will reflect productivity improvements related to short interval control and operating through shift change, which we have already started to implement. One of 무료 슬롯 게임 proven new technologies that we are considering is a rail-veyor, which appears well-suited to our operation. As we work closely with 무료 슬롯 게임 exploration team on 무료 슬롯 게임 remnants and other near-mine exploration targets at ESM, 무료 슬롯 게임 path to 5,000 tons per day in 2022 is becoming clearer.”
About 온라인 슬롯
Titan is a Canadian-based zinc exploration and development company which has as its principal asset 무료 슬롯 게임 Empire State Mine in 무료 슬롯 게임 State of New York. For more information on 무료 슬롯 게임 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 무료 슬롯 게임 Company as of 무료 슬롯 게임 date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause 무료 슬롯 게임 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 무료 슬롯 게임 factors described in greater detail in 무료 슬롯 게임 “Risks and Uncertainties” section and other sections of 무료 슬롯 게임 Company’s Management’s Discussion and Analysis for 무료 슬롯 게임 year ended December 31, 2017, available at www.sedar.com. No securities regulatory authority has expressed an opinion about 무료 슬롯 게임 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
전화: 416-366-5678 내선. 207 | Email: jannett@titanminingcorp.com
Jacqueline Allison - Vice President, Investor Relations and Strategic Analysis
전화: 416-366-5678 내선. 205 | 이메일: jallison@titanminingcorp.com