Titan Mining Enhances Focus at ESM; Terminates Mineral Ridge Option

0 0
Read Time:1 Minute, 26 Second

VANCOUVER, British Columbia, June 04, 2021 (GLOBE NEWSWIRE) — Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) announces that with stronger than expected zinc prices, lower than planned smelter treatment charges and increasing cash flow from its Empire State Mines (“ESM”) in upstate New York, Titan has decided to focus its efforts at ESM and terminate its option on the Mineral Ridge property owned by Scorpio Gold Corporation located in Esmeralda County, Nevada based on exploration and study results.

Titan undertook an extensive exploration program, (67 holes totaling 46,182 feet of drilling testing the resource expansion potential of eight target areas) and an internal scoping level study. The economic results did not meet Titan’s requirements to advance the project.  

Scott Burkett, Vice President of Exploration commented, “Increasing profitability at ESM coupled with limited exploration success and additional challenges at Mineral Ridge centered around capital and operating cost uncertainty has caused us to re-evaluate our position at Mineral Ridge and enhance our focus on ESM. The project scope and perceived challenges are not a good fit for Titan at this time and we have decided not to pursue Mineral Ridge opportunity further.”

About Titan Mining Corporation

Titan is an Augusta Group company which produces zinc concentrate at its 100%-owned Empire State Mine (“ESM”) located in New York state. Titan is built for growth, focused on value and committed to excellence. For more information on the Company, please visit our website at www.titanminingcorp.com.

Contact

For further information, please contact:
Email: info@titanmining.com


https://markets.businessinsider.com/news/stocks/titan-mining-enhances-focus-at-esm-terminates-mineral-ridge-option-1030496801

To Find More Information, Go To Saubio Digital And Look Up Any Topic

About Post Author

Saubio admin

A Saubio member. So SAUBIO stands for GOOD LIFE which is what we all strive for as human beings, for ourselves, our family and our relationships with the people around us and the world we live in.
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%