Stay updated with breaking news from Laurie marsland. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Titan sells Zaruma mine to focus on Dynasty gold project Mining share clipboard Titan Minerals has sold the Zaruma mine and Portovelo process plant in Ecuador to Pelorus Minerals for a tidy US$15 million plus a 2% net smelter return royalty on future copper production. The sale will allow Titan to resolve the balance sheet issues it inherited after it acquired Core Gold Inc. in 2020. Titan Minerals (ASX:TTM) also walks away with a strong cash position with an initial US$3.5 million payment due now and another US$2 million due on the 31 st of August. st of December, plus a further US$2.5 million on the 1
Titan flags ‘significant’ porphyry potential in Ecuador Mining share clipboard Titan has outlined a significantly larger gold-copper porphyry system for exploration at its Linderos project in Ecuador after relogging historical holes. The compilation and verification of historical results has identified multiple prospects with mineralisation intersected in previous drilling at the advanced stage Copper Ridge, Meseta Gold Camp and Loma Alta Gold prospects. Additionally, the early-stage Victoria prospect highlights a similar footprint of alteration as Copper Ridge along with favourable surface geochemistry that Managing director Laurie Marsland says that while the company remains focused on delivering the JORC resource for its Dynasty gold project, it was also working on its other assets as it continues to build Ecuador’s next mining development company.