Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) has leveraged soil geochemistry and geological mapping to identify a substantially larger gold footprint than previously defined by drilling or contained within the mineral resource estimate of the Dynasty Gold Project in southern Ecuador.
The company has expanded the known gold footprint a further 2 kilometres over the Gap Zone, where the presence of epithermal gold veining has been confirmed pointing to a potentially large system stretching from Iguana to Trapichillo prospects which has never been drilled tested.
Additionally, explorative mapping of the Gisell copper target revealed argillic and phyllic alteration and A-type veins which Titan says confirms Gisell as a new porphyry copper discovery – further trenching is underway with results expected within the coming weeks.
Growing footprint
“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 3.1-million-ounce gold and 22-million-ounce silver mineral resource,” Titan Minerals CEO Melanie Leighton said.
“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.
“It’s exciting that the Gisell copper target has been confirmed as a porphyry copper system, with phyllic and argillic alteration and porphyry style A-type veining and abundant copper oxide mineralisation observed in our latest mapping and trenching.
“We are now fully focused on exploring the 2-kilometre Gap Zone, an area which has seen very limited exploration and has never been drill tested. It represents a direct extension, linking the Iguana and Trapichillo epithermal gold vein systems.
“The company believes that there is strong potential to add resources in this highly prospective, underexplored area.”
Titan says it will undertake target assessment and ranking in the coming month, in preparation for drill testing multiple gold and copper targets as part of its resource growth strategy at Dynasty.
An updated geological model for the Cerro Verde prospect has also been handed over to an independent resource geologist, with resource estimation workstreams underway and a resource update expected in July.