Canada-based Titan Mining reported an increase in zinc resources and the life of mine of the Empire State zinc mine near Gouverneur, New York.
The mine's measured and indicated contained pounds of zinc increased by 22pc compared with Titan's 2020 assessment, totalling 636mn lb of total recoverable zinc and 541mn lb of payable zinc. Titan extended the life of mine out to 2033.
The company is currently planning on 40,000ft of near mine underground drilling within existing mining areas in 2025 as well as 31,000ft of exploration drilling, 13,000ft in near mine drilling, and 18,000ft in regional surface drilling with the expectation of adding incremental production in the near term. The exploration drilling is made up of fifteen drill ready targets.
Total near mine exploration targets are estimated to contain 4.8-5.3mn metric tonnes (t) of mineralized material at an average zinc grade of 10-14pc, coming out to between 935,000 and 1.47mn t of contained zinc.
