ASTER DATA IDENTIFIES HUGE SPECTRAL ANOMALY AT TITAN 1

Las Vegas, NV., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to announce that it received a report detailing a completed multispectral ASTER analysis across the large Titan 1 Lithium Project area in Tanzania. The contents of the report covers an examination of spectral data conducted in late 2023 and represents an important fully independent confirmation of the company’s observations recorded to-date on the projects as well as providing multiple new high value targets.

The term ASTER stands for the Advanced Spaceborne Thermal Emission and Reflection radiometer. Optical and thermal remote sensing data from satellites has been an important tool in geological exploration for more than four decades. ASTER covers a wide spectral region from visible to thermal infrared by 14 spectral bands with high spatial and spectral and radiometric resolutions.

Such multispectral analysis has been employed to pinpoint mineral deposits including potential locations of pegmatite-hosted lithium occurrences. Within large lithium-rich brine areas such as the Salar de Atacama in Chile, ASTER data has shown that it can be used to map key lithological and mineralogical components of the lithium-bearing playas such as altered rocks and hectorite bearing clay.

Within the southwest U.S. spectral anomalies have been identified which relate to mineral assemblages of accessory and lithium hosting sediments over several of the large known lithium resources in this large region.

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Figure 1 shows hectorite, illite and other accessory minerals anomalies over the large 21.5 million tons Lithium Carbonate Equivalent (LCE) McDermitt resource currently under exploration by Jindalee Lithium. The McDermitt project sits approximately 22miles (35kms) north of the 19.5 million ton LCE resource of the Thacker Pass deposit.

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Figure 2 shows the results of the examination of the spectral endmembers from the USGS spectral library over the Titan 1 area. Key targeted minerals were identified (hectorite, illite, analcime, albite) in Titan1, of which both hectorite and illite appears to be the dominant minerals.

The study was initiated and completed by Dr. Elisante Mshui from the School of Mines and Geosciences at the University of Dar es Salaam. This analysis was implemented to find potential lithium bearing prospects within Tanzania and was conducted completely independently of our work in the area.