Titan Minerals (ASX: TTM) has reported promising new drill results from its 100%-owned Dynasty Gold Project in southern Ecuador — as it works its way towards a Mineral Resource update.
Initial results from one of the drill holes confirmed wide, high-grade, shallow gold and silver intercepts — including 31.6 metres at 2.2 grams per tonne gold and 5.4 grams per tonne silver, with higher-grade sections.
The latest 6,000-metre infill drilling campaign is targeting high-priority areas at the Cerro Verde prospect, where increased drill density is expected to uncover new mineralisation in zones previously classified as waste.
Titan’s CEO Melanie Leighton said: “We have seen a significant increase in foreign investment in Ecuador in recent months, and Titan believes that an exciting period of value creation lies ahead for our shareholders.”
Titan says the new extensions could positively impact future pit optimisation, mine studies and strip ratios, with the current program set to wrap up in the next three months.
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