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Titan Minerals extends gold-silver target at Dynasty

Updated: Apr 18

Titan Minerals geologists at the company’s Dynasty gold project. Credit: File

A new Titan Minerals drilling campaign has extended the known gold-silver mineralisation at the company’s Dynasty gold project in southern Ecuador as it closes in on completing an updated mineral resource estimate.

Results confirmed strong depth and grade continuity of the Brecha-Comanche epithermal vein system at project’s Cerro Verde prospect, which remains open. The company’s latest drilling program also returned substantial shallow overlapping epithermal gold-silver intercepts from the Kaliman target.

Titan completed three diamond holes for 1259m at the Brecha-Comanche zone, testing depth extensions in a bid to prove that epithermal gold-silver veins coalesce or widen at depth. Drilling intersected down-dip extensions to gold mineralisation, confirming the continuation of the epithermal vein system and substantially extending it by a further 120m to 150m below previous limits.

The company has now defined mineralisation from surface to a depth of 350 metres and will include its significant new drill intersections in the updated mineral resource estimate.

Titan says its drilling results point to the potential for significant exploration and resource growth at its Dynasty project, where most of the gold mineralisation defined to date sits within the top 100m of surface and is sparsely tested to about 200m.

At the Cerro Verde prospect’s Kaliman porphyry zone, follow-up drilling saw Titan drop four diamond holes for 1557m. While there was no significant porphyry style mineralisation intersected, the work did identify shallow epithermal gold-silver veins.

The company says the new overlapping and structurally-controlled zone of epithermal vein mineralisation returned “excellent” shallow and high-grade gold-silver intercepts. It also suggests that the results present an opportunity for further expansion of the overall ore system, targeting that style of mineralisation across the broader Dynasty project.

These exciting results prove strong depth and grade continuity of the epithermal vein system in the Brecha-Comanche zone at Cerro Verde. The intercepts have extended the known depth of the high-grade system more than 120 metres below previous drilling, and more importantly the system remains open. These results have massive implications for exploration and resource growth at the Dynasty Project. Titan Minerals chief executive officer Melanie Leighton

An additional drillhole is now being completed to target the overlapping epithermal and porphyry systems between the Brecha-Comanche and Kaliman systems, with results due in about a month. Previous drilling at the location intersected 7.27m grading 9.89 grams per tonne of gold, 28g/t silver and 0.24 per cent copper from 118.78m.

The upcoming updated resource estimate – which Titan says is progressing as expected and close to completion – will incorporate all drilling and trenching results, including assays from the recently-completed drilling at Brecha-Comanche and Kaliman. The updated resource, in addition to preliminary pit optimisations, will help inform drill-targeting decisions as the company continues to grow its gold and silver resources at Dynasty.

Management has also confirmed it has re-secured access to the Papayal and Trapichillo prospects within its Dynasty project, where surface geochemistry and confirmatory mapping across the outcropping epithermal vein corridor is rapidly advancing. It believes the area provides a significant opportunity to quickly grow its resource base as it has only been sparsely and shallowly tested by historical drilling and trenching.

Now with extensions to the known gold-silver mineralisation, which remains open, and an updated minerals resource in the works, there appears to be plenty of upside still ahead for the Dynasty gold project.

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