ECUADOR — Titan Minerals Limited (ASX: TTM) has announced a significant discovery of high-grade gold in new extensional trenches at its wholly-owned Dynasty Gold Project in southern Ecuador.

The company’s recent trenching and surface geochemical sampling has confirmed the presence of high-grade gold-silver veins, substantially expanding the mineralisation footprint at the Iguana prospect.

New trenching at Iguana South has yielded exceptional results, including an outstanding intercept of 3.0m @ 21.4 g/t Au & 14.1 g/t Ag.

This discovery confirms a high-grade vein that has never been drill-tested. Additional trenching at Iguana East returned 1.8m @ 4.5 g/t Au & 10.6 g/t Ag, further extending the mineralisation beyond current resource areas.

The Iguana prospect’s mineralisation footprint has now expanded to 4km x 1.5km, significantly larger than the previously defined 2.5km x 300m area.

This expansion, along with the discovery of new surface veins, supports the potential for substantial resource growth.

Titan Minerals is set to commence a 10,000-metre drilling program in the coming weeks.

This campaign will target both lateral and depth extensions at Dynasty, as well as multiple new exploration targets.

Titan Minerals CEO Melanie Leighton commented on the findings, stating: “Our systematic exploration has dramatically increased the Dynasty mineralisation footprint, successfully identifying several new exploration and extensional targets which have the potential to provide substantial growth to the current 3.1Moz gold & 22Moz silver resource.”

The company is fast-tracking resource growth and conversion workstreams, with a resource update planned for mid-2025 to coincide with ongoing development studies.

Titan is also advancing pre-feasibility studies to optimise the Dynasty Project’s development potential.

As of October 15, 2024, Titan Minerals’ share price stands at $0.47.

The company’s focus on discovering and developing Tier One copper-gold deposits in Ecuador’s southern Andean copper-gold belt has attracted investor attention.

With gold and silver prices at all-time highs, Titan Minerals is optimistic about the enhanced prospects for Dynasty.

The upcoming drilling results and the anticipated resource estimate update in mid-2025 are expected to provide further insights into the project’s potential.