Titan Minerals Ltd (ASX:TTM) has commenced a 2,250-metre, 17-hole resource growth drilling program targeting extensions to the epithermal vein footprint at the Cerro Verde prospect at the Dynasty Gold Project in southern Ecuador.
Drilling has been designed to target areas of resource growth at Cerro Verde, following recent mapping and surface geochemical sampling that successfully expanded the epithermal vein footprint well beyond existing defined resources.
Drilling at the Dynasty Gold Project is designed to test new areas of mineralisation, with Titan targeting a resource upgrade in the first quarter of 2024 once drilling is complete and all results have been received and interpreted.
Titan CEO Melanie Leighton explained: “Drilling is designed to test the expanded epithermal footprint and is considered a key step in the company’s strategy to grow the Mineral Resource base of 3.12Moz gold, 22Moz silver, and demonstrate the ultimate scale of the epithermal gold system.”
Papayal prospect: drilling soon
Titan also intends to undertake resource growth drilling at the project’s Papayal prospect and has planned to drill a further 24 holes for 2,650 metres to target resource growth. This is likely to commence in the coming weeks.
The construction of access tracks and drill platforms are advancing in newly identified areas of mineralisation, while Titan will use a second diamond drill rig for Papayal resource drilling.
“Drilling is also set to commence at the Papayal prospect, Dyanstry Gold Project in mid-October, with logistics being prepared and the construction of access tracks and platforms now well advanced,” said Leighton.
“We look forward to a steady flow of results from Cerro Verde and Papayal drilling, as we continue to advance mapping and surface geochemical work programs across the broader project to identify new areas of mineralisation.”