
Titan Minerals Limited (ASX:TTM) has announced significant progress and exciting new discoveries at its 100 per cent owned Dynasty Gold Project in southern Ecuador.
Recent extensive exploration activities have identified multiple new gold and copper targets, significantly expanding the project’s mineral footprint and providing strong potential for resource growth.
Key highlights include:
- New Gold and Copper Targets: Recent mapping and soil geochemistry have revealed a substantially larger gold footprint than previously defined by drilling, contained within the current 3.1 million ounces (Moz) of gold and 22Moz silver resources.
- Epithermal Gold Veining: Early mapping over the 2-kilometer Gap Zone has confirmed the presence of epithermal gold veining, suggesting potential mineralisation connectivity from Iguana to Trapichillo. This area has never been previously drilled or explored.
- Gisell Copper Discovery: Mapping and trenching over the Gisell copper target have unveiled argillic and phyllic alteration and A-type veins, confirming it as a new porphyry copper discovery. Further trenching is underway with results expected in the coming weeks.
- Geological Model Update: The updated geological model for Cerro Verde has been handed over to an independent resource geologist, with resource estimation workstreams now underway and a resource update expected in July.
“Titan’s dedicated exploration has rewarded us with multiple new gold and copper targets, which we are excited to soon drill test, as we aim to grow the 3.1Moz gold and 22Moz silver mineral resource,” said Titan’s CEO Melanie Leighton.
“Our soil sampling continues to reveal further geochemical anomalies, indicating that the Dynasty gold system is significantly larger than what is currently defined by drilling and contained in resources.”
Since the beginning of the year, Titan Minerals has been conducting expanded mapping and surface soil sampling at Dynasty.
The epithermal gold footprint has been substantially expanded, and several new drill targets identified that will be tested in the coming months.
The latest results from portable X-ray fluorescence (pXRF) analysis of soil samples have confirmed the presence of new epithermal gold targets and extended previously recognised targets within the Dynasty epithermal gold corridor.
Titan Minerals is preparing for drill testing multiple new gold and copper targets as part of its resource growth strategy.
The Gap Zone, which has never been drilled and has seen very limited exploration, is now accessible following a land access agreement with the Yaraco Community.
Soil sampling and mapping in this area are expected to provide further evidence of the epithermal gold vein system’s continuity and potential for resource growth.
Mapping and trenching over the Gisell copper target have confirmed mineralisation related to a porphyry copper system, with argillic and phyllic alteration, abundant copper oxide mineralisation, and A-type porphyry veins. Further trenching is ongoing to optimise drill targeting.
The next steps for the project involve a comprehensive approach to further exploration and resource evaluation.
Firstly, soil sampling and mapping efforts will continue over the Gap Zone to delineate the extent of epithermal vein-hosted gold mineralisation.
Additionally, further trenching and detailed mapping will be conducted over newly identified arsenic and copper targets to better understand the extent and controls of the mineralisation.
These activities will inform the ranking and prioritisation of new targets for drill testing, with resource growth drilling planned to commence in early Q3 2024.
Ultimately, the Dynasty Mineral Resource Estimate will be updated, targeting modest resource growth, improved confidence, and an upgrade to the JORC classification.