The Conversation (0)
Titan Minerals Limited (Titan or the Company) (ASX:TTM) is pleased to provide an update on the Company’s 100% held Dynasty Gold Project (Dynasty) in southern Ecuador, where it has been conducting extensive exploration in underexplored areas outside the currently defined 3.1 Moz gold and 22 Moz silver Mineral Resource.
Key Highlights
- More high-grade gold discovered at Tomahawk, with an impressive trench result of 5m @ 5.0 g/t Au G 20.6 g/t Ag, including a high-grade zone of 2m @ 11.2 g/t Au and 33.0 g/t Ag. Discovered by reconnaissance soil geochemical sampling earlier this year, Tomahawk is a new exploration target that has never been drill tested.
- The latest result from Tomahawk is in addition to previously announced high- grade trench results from Iguana extensional areas including:
- 3.0m @ 21.4 g/t Au G 14.1 g/t Ag returned from Iguana south, where a new +400m high-grade gold-silver vein has been discovered. The new vein remains open along strike, is located within a 1km soil geochemical anomaly and has never been drilled.
- 1.8m @ 4.5 g/t Au G 10.6 g/t Ag returned from Iguana east, with results located at the edge of Inferred Mineral Resources within 1.5km long soil geochemical anomaly, in an area that has never been drilled.
- Iguana trench results were returned from areas outside the Dynasty Mineral Resource, in areas which have never been drilled, representing strong resource growth targets.
- These trench results validate the prospectivity of multiple new targets which exhibit high grade gold in rock chips coincident with soil geochemical anomalies and mapped veins. New significant gold-silver trench results from Tomahawk and Iguana provide “proof of concept” over these new exploration and resource extensional targets.
- A large campaign of surface trenching is being expedited over new exploration and resource extensional targets, with a steady flow of results expected over the coming weeks.
- Dynasty mineralisation footprint confirmed to be much larger than the 5.5km x 1km area which contains the 3.1Moz gold and 22Moz silver Mineral Resource. Reconnaissance work and latest results have confirmed mineralisation footprint to be Gkm x 2km, providing significant scope for resource growth from surface.
- Up to 10,000m of drilling is set to test lateral and depth resource extensions along with testing multiple new exploration targets at Dynasty, as the Company works toward a resource update planned for mid-2025.
Titan’s CEO Melanie Leighton commented:
“It’s exciting that our exploration efforts are being rewarded with high-grade gold results fromtrench in several of our newly identified exploration targets at the Dynasty Gold Project. This latest result of 5m @ 5.0 g/t Au returned from Tomahawk, along with the recent result of 3m @ 21.4 g/t Au at Iguana south has proven the fertility of Dynasty over a Skm x 2km area. We now know that the mineral system encompasses a much larger area than the current 3.1Moz gold & 22Moz silver Mineral Resource.
“The revelation of a much larger mineral system bodes extremely well for us, feeding into our Dynasty resource growth strategy. We are expediting the development of further trenches over priority target areas, with a view to test many of these exploration targets in the upcoming ~ 10,000m drilling campaign.
“We look forward to delivering a steady flow of trench results over new targets in the coming weeks, and more excitingly we also look forward to delivering results from resource and exploration drilling programs over the coming months, as we work towards a Dynasty resource update in mid-2025”
Figure 1. Dynasty Gold Project displaying Mineral Resources, soil geochemistry (arsenic), exploration and resource extensional targets, significant rock chips (Au), significant trench results (Au) and planned trenches over exploration targets.
Figure 2. Dynasty Gold Project displaying Mineral Resources, soil geochemistry (copper), copper targets, significant rock chips (Cu), significant trench results (Cu) and planned trenches over exploration targets.
Dynasty Activities Update
Titan Minerals Limited (Titan or the Company) (ASX:TTM) is pleased to provide an update on the Company’s 100% held Dynasty Gold Project (Dynasty) in southern Ecuador, where it has been conducting extensive exploration in underexplored areas outside the currently defined 3.1 Moz gold and 22 Moz silver Mineral Resource.
Reconnaissance exploration along the Dynasty epithermal system has successfully expanded the gold-silver mineralisation footprint along the entire 9-kilometre corridor, with the mineral system substantially expanded to an area of 9km by 2km, an area much larger than the Mineral Resource area which covers ~ 5.5km x 1km.
Along with the expanded mineralisation footprint, several new exploration and resource extensional gold and copper targets have been highlighted by recent work. Multiple new veins exhibiting high-grade gold have been confirmed from surface by mapping, rock chip sampling and most recently trenching. Importantly, the new veins are in areas never previously explored or drilled and are coincident with large-scale geochemical anomalies.
The Company has been undertaking trenching over new priority targets with the latest results returning significant intersections of high-grade gold-silver and base metals from surface at the new Tomahawk target.
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