07:31 AM EDT, 06/26/2024 (MT Newswires) -- Titan Mining ( TIMCF ) said Wednesday that it completed the phase one drilling at its Kilbourne graphite project within the Empire State mine in upstate New York.

Results include 143.5 feet assaying 3.6% graphitic carbon, 92.8 feet assaying 3.5% graphitic carbon and 89.1 feet assaying 3.1% graphitic carbon.

The first phase of drilling comprised 11,916 feet in 39 diamond drill holes. Mineralization remains open along strike.

The company said it plans to commence the second phase of drilling in or before the fourth quarter.

Titan's share price fell 2% yesterday to $0.24.