Titan Minerals Ltd (ASX:TTM) had revealed new high-grade gold and silver resource growth targets from mapping and surface rock chip sampling at the Papayal and Trapichillo prospects within the Dynasty Gold Project in southern Ecuador.
Peak rock chip values returned from additional veins and extensional veins at the prospects include:
- 43.1 g/t gold and 1,500 g/t silver;
- 26.4 g/t gold and 25.2 g/t silver;
- 26.0 g/t gold and 155 g/t silver
- 22.7 g/t gold and689 g/t silver; and
- 23.5 g/t gold and 28.4 g/t.
These newly identified high-grade vein systems represent immediate targets and will feature in resource growth drilling programs planned to commence at Dynasty in mid-September.
Rapid resource growth
Titan CEO Melanie Leighton said: “Titan has been focused on unlocking the potential at the Papayal and Trapichillo prospects at the Dynasty Project, with these latest surface mapping and geochemistry results further confirming the potential for substantial resource growth.
“Importantly, most of the new high-grade rock chip results with grades in excess of 20 g/t gold have been returned from new veins discovered at Papayal and Trapichillo and highlight the tenor of mineralisation we are targeting as part of our resource growth strategy.
“We are very pleased to see the efforts of our geology team being rewarded with these positive results and are excited to fire up the drill rigs in these high-grade areas to continue to add value to Dynasty through rapid resource growth."
Potential resource extensions
Recent soil geochemistry results have confirmed potential resource extensions and new areas of mineralisation, with multiple large-scale coincident gold-silver anomalies identified.
Further exploration is being undertaken in the form of mapping and trenching to identify the primary source of soil geochemical anomalism and to understand mineralised vein widths, orientations and any structural intersection points that may represent high-grade, wide-plunging ore shoot targets.
Trenching in these newly identified target areas is being undertaken to improve geological understanding and structural controls on mineralised vein systems.