Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has a diamond drill campaign underway at the Dynasty Gold Project in the prolific copper and gold region of southern Ecuador targeting resource extensions and new exploration targets.
The company plans up to 10,000 metres of resource growth diamond drilling with lateral and depth resource extensions at Cerro Verde and Iguana the primary targets.
Intended resource conversion
Resource conversion from the inferred to the higher confidence indicated category is the intention at the Cerro Verde and Iguana East prospects.
A recently reported Iguana South trench result of 3.0 metres at 21.4 g/t gold and 14.1 g/t silver will also be drill tested as a component of exploration drilling.
New exploration targets have been defined by soil geochemistry and further validated by recent trenching and mapping.
Positioned to confirm potential
Titan’s CEO Melanie Leighton said: “Our geology team are very excited to have drilling underway at Dynasty. We have three diamond drill rigs on site to test resource extensions and exciting new exploration targets discovered by systematic exploration earlier this year.
“The team have been working tirelessly to unveil the potential at Dynasty, and we are now in a position to confirm that potential by drilling new targets and resource extensions.
“We look forward to delivering a steady stream of drill and trench results from the Cerro Verde and Iguana prospects over the coming months, which we believe will culminate in a more robust and expanded mineral resource set to be delivered in mid-2025.”
Extended area
The drilling will test a much larger area than the 5.5 x 1-kilometre area which contains the current 3.1-million-ounce gold and 22-million-ounce silver mineral resource.
The entire 9-kilometre corridor at Dynasty Gold Project has been proven to be fertile with epithermal gold and copper porphyry mineralisation.
Titan’s latest work has confirmed the mineralisation footprint to be 9 x 2 kilometres, which provides significant scope for resource growth in new areas.
Providing strong encouragement is that platforms being constructed at Cerro Verde ahead of the resource extensional drilling have revealed new veins, not previously recognised by mapping or drilling and outside current resources.
A trenching program is also underway over new soil geochemical targets, with results expected to define mineralisation width and tenor and inform exploration drilling over new targets.
Exciting opportunity
“This is an exciting opportunity for Titan, and if we are able to drill confirm the new exploration targets, this could be significant for growing the mineral inventory at Dynasty and transformation for the company,” Leighton said.
The company plans to deliver a resource update in mid-2025 following the completion of resource drilling.
Titan Minerals southern Ecuador Projects, peer deposits and surrounding infrastructure.
Linderos work
A 10,000-metre drilling campaign is planned to commence at the Linderos Copper Project this month.
Hancock Prospecting subsidiary company Hanrine will fund and manage all exploration at Linderos until they earn 80% by spending up to US$120 million on exploration and development.
“We also have drilling soon to commence at Linderos, with drill results expected to be returned over the coming months ahead as Hanrine undertake their initial 10,000 metres of drilling to earn an additional 25% of the Linderos Copper Project,” Leighton added.