Titan Minerals

More High-Grade Gold Discovered in New Areas at Dynasty Gold Project

5m @ 5.0 g/t Au G 20.6 g/t Ag returned from trenching at new Tomahawk target

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.


Click here for the full ASX Release

This article includes content from Titan Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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Cautionary Statements

This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding the completion of the Offering and the timing thereof, and the anticipated use of proceeds of the Offering are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "should" or "would" or occur. Forward-looking statements are based on certain material assumptions and analyses made by the Company and the opinions and estimates of management as of the date of this press release, including, but not limited to, that the Company will complete the Offering on the terms disclosed, that the Company will receive all necessary regulatory approvals for the Offering, that the Company will use the proceeds of the Offering as currently anticipated; and assumptions relating to the state of the financial markets for the Company's securities. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the Company may not be able to raise funds under the Offering, as currently anticipated, that the Company may fail to receive any required regulatory approvals for the Offering, that the Company will not use the proceeds of the Offering as anticipated, market volatility, unanticipated costs, changes in applicable regulations, and changes in the Company's business plans. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

SOURCE Quimbaya Gold Inc.

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