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VANCOUVER, British Columbia, June 04, 2021 (GLOBE NEWSWIRE) — Titan Mining Company (TSX:TI) (“Titan” or the “Firm”) broadcasts that with stronger than anticipated zinc costs, decrease than deliberate smelter remedy costs and rising money circulate from its Empire State Mines (“ESM”) in upstate New York, Titan has determined to focus its efforts at ESM and terminate its choice on the Mineral Ridge property owned by Scorpio Gold Company situated in Esmeralda County, Nevada primarily based on exploration and examine outcomes.
Titan undertook an in depth exploration program, (67 holes totaling 46,182 toes of drilling testing the useful resource growth potential of eight goal areas) and an inside scoping degree examine. The financial outcomes didn’t meet Titan’s necessities to advance the mission.
Scott Burkett, Vice President of Exploration commented, “Growing profitability at ESM coupled with restricted exploration success and extra challenges at Mineral Ridge centered round capital and working price uncertainty has brought on us to re-evaluate our place at Mineral Ridge and improve our concentrate on ESM. The mission scope and perceived challenges will not be a very good match for Titan at the moment and we’ve got determined to not pursue Mineral Ridge alternative additional.”
About Titan Mining Company
Titan is an Augusta Group firm which produces zinc focus at its 100%-owned Empire State Mine (“ESM”) situated in New York state. Titan is constructed for progress, centered on worth and dedicated to excellence. For extra info on the Firm, please go to our web site at www.titanminingcorp.com.
Contact
For additional info, please contact:
E mail: information@titanmining.com
