Titan Minerals Limited (ASX: TTM) has confirmed the discovery of new shallow gold-silver mineralisation at its 100 per cent-owned Dynasty Gold Project in southern Ecuador, as part of its ongoing 10,000-metre resource drilling program.
The latest results highlight significant potential to expand the project’s existing 3.1 million-ounce gold and 22 million-ounce silver resource base.
Recent diamond drilling at the Iguana prospect identified high-grade intercepts in previously untested zones:
- Hole IGDD24-041 (south of Iguana East):
- 2.6m @ 3.5 g/t Au, 21.5 g/t Ag from 26.8m depth
- 3.7m @ 2.5 g/t Au, 9.9 g/t Ag from 92.9m depth
- Hole IGDD24-036 (down-dip extension):
- 5.4m @ 2.3 g/t Au, 5.7 g/t Ag from 49.9m depth
- 2.3m @ 2.7 g/t Au, 5.9 g/t Ag from 212.1m depth
The IGDD24-041 intercepts mark the discovery of three mineralised veins at shallow depths in a new area, while IGDD24-036 extended mineralisation 50 metres below prior drilling.
Both results validate the project’s growth potential and support future resource upgrades.
The company has completed 31 holes (7,970m) of its 10,000m program, with assays pending for six holes at the Cerro Verde prospect.
A refined 3D geological model incorporating the latest data will underpin the upcoming resource update.
Field activities were temporarily paused in March due to heavy rainfall, but drilling is set to resume in late April.
Titan plans to accelerate operations to complete the program and test newly identified targets.
Titan CEO Melanie Leighton emphasised the strategic significance of the findings, stating: “We are pleased to deliver further extensional results from Iguana resource drilling, which has confirmed shallow extensional resources in new areas.
“In fact, results returned from IGDD24-041 were both wider and higher grade than that returned from trenches at surface, which bodes well for targeting additional shallow resources, just below the surface at Iguana.”
Leighton also highlighted operational resilience and future plans, stating: “Despite a slowdown in drilling activities due to weather conditions, the geology team have used this time to clear the decks, review latest drill results, and in doing so have identified new targets that are set to be drill tested when drilling recommences in the coming two weeks.”
The company’s strong balance sheet positions it to advance exploration while partner Hancock Prospecting progresses a separate 10,000m copper drilling program at the nearby Linderos Project.
Titan anticipates further updates as drilling resumes and assay results are received.
The focus remains on expanding Dynasty’s resource base and advancing its broader portfolio of Ecuadorian gold-copper assets.
