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Titan Mining Corporation’s primary asset is Empire State Mine - a near-production, fully permitted zinc mine, for which it has completed a preliminary economic assessment (PEA). The Empire State Mine is located near the town of Gouverneur in northern New York State.
Over more than 100 years of operating history, the Empire State Mine has produced an aggregate 43 million milled tons at an average mill head grade of 9.4% zinc (equivalent to approximately four million tons of zinc metal). The Empire State Mine has current Measured and Indicated Mineral Resources of 2,158,000 tons with an average grade of 13.29% zinc containing approximately 574 million pounds of zinc metal and Inferred Mineral Resources of 2,276,000 tons with an average grade of 13.37% zinc containing approximately 609 million pounds of zinc metal. Once in production, based on the PEA, the Empire State Mine is projected to have a LOM average mill feed grade of 9.2% zinc based on the Mineral Resources set out in the Technical Report.