Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Titan Minerals Ltd (ASX:TTM, OTC:TTTNF).
The company has announced significant high-grade gold discoveries from trenching activities at the Dynasty Gold Project in Ecuador.
At the Cerro Verde east and south prospect, trenching returned 2.1 metres at 32 g/t gold and 7.4 g/t silver, and another trench returned 2 metres at 7.3g/t gold and 6.1g/t silver.
The trenching program has validated the potential of multiple targets identified through high-grade rock chips, mapped veins and soil geochemical anomalies.
Titan says these results provide “proof of concept” for new target areas set for further testing under a 10,000-metre exploration and resource growth drilling program.
The company emphasises that gold mineralisation at Dynasty outcrops at surface, making trenching an effective and economical method to evaluate mineralisation.
Currently, three diamond drill rigs are operational, with completed samples sent for laboratory analysis.
Drill results are anticipated in the coming weeks and will contribute to a resource update planned for mid-2025.