Titan Mining Drills Two New Zones of Near-Surface Mineralization, Including 80 Feet of 5.8% Zinc, 2.8% Lead and 28.2 g/t Silver

VANCOUVER, British Columbia, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Titan Mining Corporation (TSX:TI) (“Titan” or the “Company”) is pleased to announce drill results of two new zones of near-surface mineralization at the Company’s Empire State Mine (“ESM”) in upstate New York. The definition drilling of these potential new open-pit mill feed zones is a key goal of the Company’s strategy of filling over 3,000 tonnes per day (“tpd”) of excess capacity at the ESM mill in an effort to dramatically increase production and lower costs.

Highlights

-Discovery of Turnpike zone, located within easy transport distance approximately one mile to the south of the ESM milling complex, with Hole SX19-2483 returning 80.0 feet assaying 5.8% zinc, 2.8% lead and 28.2 g/t silver, including 15.0 feet assaying 17.1% zinc, 7.8% lead and 79 g/t silver.

-The Hoist House zone is located approximately one mile south of the ESM mill, drill results include hole SX19-2484 returning 20.0 feet assaying 7.3% zinc, 0.9% lead and 11.7 g/t silver, and 31.0 feet assaying 4.2% zinc, 0.5% lead and 10.3 g/t silver.

-Together with the near surface extension of the #2D (see November 14, 2018 press release), these zones represent potential sources of low cost open-pit mining feed within mining claims, which could allow for near-term development.

Key mineralized intervals from the Turnpike zone include:

• 80.0 feet assaying 5.8% zinc, 2.8% lead and 28.2 g/t silver
  ◦  Including 15.0 feet assaying 17.1% zinc, 7.8% lead and 79 g/t silver
• 207.0 feet assaying 3.1% zinc, 1.1% lead and 10.4 g/t silver
  ◦  Including 101.0 feet assaying 5.4% zinc, 2.1% lead and 18.1 g/t silver
• 50.0 feet assaying 1.4% zinc, 0.4% lead and 5.0 g/t silver
  ◦  Including 10.0 feet assaying 3.6% zinc, 0.9% lead and 6.4 g/t silver

Key mineralized intervals from the Hoist House zone include:

• 8.0 feet assaying 11.0% zinc, 0.7% lead and 13.2 g/t silver
• 15.9 feet assaying 5.6% zinc, 0.9% lead and 18.5 g/t silver
  ◦  Including 5.8 feet assaying 10.2% zinc, 2.0% lead and 27.5 g/t silver
• 47.5 feet assaying 2.2% zinc, 0.1% lead and 4.1 g/t silver
  ◦  Including 3.5 feet assaying 7.9% zinc, 0.1% lead and 7.4 g/t silver
• 25 feet assaying 4.5% zinc, 0.5% lead and 20.3 g/t silver
• 20.0 feet assaying 7.3% zinc, 0.9% lead and 11.7 g/t silver
  ◦  Including 10.0 feet assaying 13.5% zinc, 1.6% lead and 19.1 g/t silver
• 31.0 feet assaying 4.2% zinc, 0.5% lead and 10.3 g/t silver