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Titan Mining Corp.
Summary
| Project: | Empire State Mines | |
|---|---|---|
| Deposit: | Empire State Mine 2 | |
| Location: | United States | |
| Commodities: | Zinc | |
| Date: | 11/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 14-11-2018: Titan Mining Corp. announces an Exploration/Drilling Update report for its Empire State Mine 2 deposit at the Empire State Mines project. Drilling results incl. 12.3m @ 9.3% Zn, 4.0ppm Ag from 413.7m. Vancouver, B.C., November 14, 2018 – Titan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Donald Taylor (Internal) | |
| ABSTRACT: | Vancouver, B.C., November 14, 2018 – Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) today provided an update on the operations and exploration program at its Empire State Mine (“ESM”). All financial amounts are in U.S. dollars, unless otherwise stated Donald Taylor, Chief Executive Officer of Titan, commented: “We faced some set-backs in the ramp up at ESM. Production rates in the third quarter were impacted by a hoist incident and overall underperformance by our mining contractor. New mine management is in place and immediate changes have been implemented to address this short-term issue. The transition from contractor to owner-mining was accelerated and completed before the end of October. I believe the quick decisions today will set us up for a successful 2019 and beyond as we target near-mine growth opportunities to maximize production, given our available spare capacity.” “The #2D zone, an extension of the large #2 mine which accounted for about half of the tons mined historically at ESM, is growing rapidly,” continued Mr. Taylor. “This zone has the potential to add significant high-grade tonnage to the mine plan, with low capital costs given its proximity to the existing #4 shaft and historic infrastructure. We plan to complete an updated mine plan in the first half of 2019 that is expected to incorporate these lower-risk tons from the #2D zone and reflect production levels well beyond the company's previous 1,800 tons-per-day run-rate target.” Richard Warke, Executive Chairman of Titan, has committed to finance the Company’s operations into 2019. | |
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