DRC: Titan Project

On Admission, CCR will hold a 20% interest in Titan Minerals, which has a 78% interest in the Kayeye Project, covering an area of 231 km2 adjacent to Ivanhoe’s Kamoa-Kakula deposit, which is projected to be the world’s highest-grade major copper mine.

In 2020 the company drilled four holes, which confirmed geological continuity with Kamoa-Kakula, which has an average run of mine grade of over 6% copper. Titan has planned a 8,000m diamond drilling programme with 10 holes in 7 priority target areas.

Overview

  • Central Copper Resources will hold a 20% stake in Titan Minerals which owns 78% of the Kayeye Project, a 231 km2 licence area adjacent to Ivanhoe’s Kamoa-Kakula deposit
  • More than US$3m spent on exploration so far
  • Planned work programme 8,000m diamond drilling to determine resource potential

Exploration

  • Drilled 4 holes which confirmed geological continuity (2020) with the Kamoa-Kakula Copper Mine, the world’s largest high-grade copper mine
  • Led by award-winning co-participants of the team responsible for the Kamoa discovery
  • Airborne magnetic survey flown in 2020 to prioritize drill targets for mineralisation traps
  • 1,410 soil samples
  • 3,438m diamond drilling
  • 2,966 line km geophysics (magnetics and radiometrics)

8,000m drilling planned for H2 2021

  • 18 target areas identified
  • 5,500m drilling across 10 holes in 7 priority target areas
  • Further 2,500m depending on results