Titan Minerals Limited (ASX: TTM) has reported significant progress in its ongoing exploration and drilling activities at the Dynasty Gold Project in Ecuador.

The company has completed 20 diamond drill holes totalling 4,600 metres as part of its 10,000 metres campaign initiated in 2024, focusing on the Cerro Verde and Iguana/Iguana East prospects.

Melanie Leighton, Chief Executive Officer of Titan Minerals, stated: “We expect drill results to be returned within the coming one to two weeks, with results to feed into the Dynasty resource update planned for mid-2025.”

The company is awaiting assay results from ALS Global laboratory, which has faced delays due to high sample volumes and the holiday season.

Exploration and operational activities at the Dynasty Gold Project resumed on January 6, 2025, with drilling set to recommence on January 20.

This pause in drilling activities allows the team to incorporate pending assay results and optimise the remaining portion of the 10,000m campaign for maximum resource growth efficiency.

The Dynasty Gold Project, spanning five contiguous concessions over 139 square kilometres, hosts a large epithermal vein system with a strike length of over nine kilometres and widths of up to two kilometres.

As of July 2023, the project boasts a Mineral Resource Estimate of 3.1Moz gold and 22Moz silver at a cut-off grade of 0.5 g/t Au.

Titan Minerals’ exploration efforts have also identified potential for porphyry copper mineralisation at the Kaliman, Cola, and Gisell prospects, further enhancing the project’s value.

The company plans to release pending assay results as they become available and resume drilling with three rigs on January 20, 2025, focusing on expanding and upgrading resources in priority areas.

With gold and silver prices at all-time highs, Titan Minerals remains optimistic about the Dynasty project’s future.

The company anticipates that the upcoming resource update in mid-2025 will present an enhanced scenario for the project.