Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has identified a new zone of shear-hosted gold-silver mineralisation at the Dynasty Gold Project in southern Ecuador, returning 33.5 metres at 6.6 g/t gold and 55.5 g/t silver from a depth of 236.7 metres in drill hole CVDD26-199.
The intercept was returned from outside the current resource at the Brecha-Comanche target within the Cerro Verde prospect and is interpreted as associated with a shear zone within a broad northwest-trending structural corridor measuring about 1.6 kilometres by 800 metres.
Titan's orientation of the shear zone is sub-parallel to much of the historical drilling at Brecha-Comanche, meaning this style of mineralisation may have been missed previously.
Furthermore, the company also noted the shear-hosted mineralisation appears more pervasive than the vein-hosted mineralisation typically defined at Cerro Verde.
Plan View of the Cerro Verde prospect showing drilling, gold gram metre contours, major structures, historic open pits, conceptual pit design (US$3,500/oz gold), latest significant intercept and targets set to be tested by extensional resource drilling in 2026.
Resource growth potential
The latest result comes from Titan’s 10,000-metre resource definition drilling program at Dynasty, which is targeting a Mineral Resource update in early 2027.
The company plans further drilling to test repetitions and lateral extensions of the shear-hosted mineralisation, with new holes to be drilled perpendicular to the interpreted structures. Drilling is expected to begin in the coming fortnight once platforms are prepared.
Titan has also identified additional resource growth targets at Brecha-Comanche and Kaliman, as well as priority structural intersection zones that have received limited drilling.
CEO Melanie Leighton said the result represented a breakthrough in the company’s understanding of mineralisation controls at Dynasty.
“The discovery of this new style of shear hosted mineralisation is significant, with further drilling now planned to target repetitions and extensions to hosted mineralisation in the northwest structural corridor.”
Plan-view depth slice ~200m below surface (40m viewing window) highlighting the interpreted northwest-trending 800m wide structural corridor. Drill traces are coloured by gold (g/t), resource blocks by gold (g/t), and the latest significant drill intercept is also annotated.
Next steps
Titan expects to expand the current 10,000-metre drilling program to incorporate high-value extensional targets ahead of the planned resource update in early 2027.
An RC rig is expected to arrive at Dynasty in early October to support shallow resource infill drilling and first-pass testing of exploration targets, alongside the three diamond rigs already operating.
The company is also advancing a Dynasty Scoping Study, with delivery anticipated in late 2026, while a significant number of drill results is expected in the coming weeks.