Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has unveiled two new areas of mineralisation at its flagship Dynasty Gold Project in southern Ecuador, with trenching and channel sampling returning wide, high-grade gold (Au) and silver (Ag) intercepts.
The latest results extend mineralisation at the Kaliman porphyry system by 300 metres to the southwest and at the Brecha-Comanche prospect by 180 metres to the west. Both zones lie within the broader Cerro Verde area, which already hosts nearly two-thirds of Dynasty’s 3.1-million-ounce (Moz) gold resource.
Cerro Verde prospect plan view displaying surface geology, mineral resources, drilling and latest trench results highlighting mineralisation extensions to the west of Brecha-Comanche and southwest of Kaliman porphyry prospect.
Chief executive Melanie Leighton said the results highlighted the potential to grow the project’s resource base.
“It is exciting to think that there are still so many unexplored areas within the 9-kilometre-long Dynasty Gold Project,” she added. “We believe that there is substantial additional mineralisation yet to be delivered from our exploration and resource definition drilling, as we aim to grow the 3.1Moz gold resource at Dynasty.”
Kaliman southwest extension
At Kaliman, trenching verified and built on shallow historical drilling from 2005, which was never followed up. Significant new intercepts include:
- 10.2 metres at 3.8 g/t gold and 8.3 g/t silver, including 4 metres at 8.75 g/t gold and 14.8 g/t silver in trench CVT25-029; and
- 5.2 metres at 3.3 g/t gold and 7.5 g/t silver in trench CVC25-126.
Titan said the mineralisation style is consistent with porphyry-related bulk gold and copper systems, with potential amenability to large-scale open pit mining.
Plan View zoom into Cerro Verde western extensions displaying interpreted geology, drilling and latest trench results in relation to drilling.
Brecha-Comanche west extension
Trenching at Brecha-Comanche confirmed a wide, strike-extensive epithermal vein system. Results include:
- 8.6 metres at 5.8 g/t gold and 115.9 g/t silver, including 6 metres at 8.1 g/t gold and 163.6 g/t silver in CVT25-022; and
- 15 metres at 2.1 g/t gold and 18.8 g/t silver, including 7.3 metres at 3.9 g/t gold and 33.5 g/t silver in CVT25-025.
A small campaign of shallow drilling is planned to test depth extensions of this mineralisation, with the aim of bringing new ounces into the resource inventory.
Mineralisation examples taken from the epithermal vein system in trench CVT25-022. A.) Supergene enrichment zone malachite and azurite. B.) Microscopic view of chalcocite replacing chalcopyrite. C.) chalcocite with sulphides.
Ongoing drilling and resource update
Titan currently has three diamond rigs turning on a 6,000-metre infill program at Cerro Verde, designed to improve confidence in resource estimates and upgrade categories. The program is expected to be completed within two months, with results to feed into a forthcoming mineral resource update.
An independent consultant from Entech Mining recently completed a site visit, identifying no fatal flaws and providing recommendations to support the update.
Titan said the latest results reinforce Dynasty’s strong potential to deliver further near-surface resource growth across its nine-kilometre mineralised corridor.