Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) is confident of expanding the current mineral resource inventory at the Dynasty Gold Project in southern Ecuador by drill testing 9 kilometres of continuous epithermal gold corridor, more than half of which has had no drilling at all.
The project holds a resource of 3.1 million ounces of gold and 22 million ounces of silver but TTM believes there is “excellent” potential to sizeably increase the resource via exploration of this target area, which was recently further validated by soil geochemical signatures.
Titan also anticipates executing a joint venture earn-in agreement with Hancock Prospecting subsidiary Hanrine Ecuadorian Exploration and Mining S.A in late July this year, with exploration activities to begin on the Linderos Copper Project late in the current quarter.
Read: Titan Minerals plans JV with Hancock subsidiary to progress Linderos Copper Project in Ecuador
High expectations for expansion
“It’s exciting and significant that our expanded soil geochemical programs and ground reconnaissance programs have defined significant undrilled anomalies, proving the continuity of the Dynasty epithermal vein system over the full 9 kilometres of strike,” Titan Minerals CEO Melanie Leighton said.
“We look forward to drill testing these newly highlighted target areas, with an expectation that our current resource base could increase significantly in size.
“In parallel, we are continuing to advance our understanding of development options for Dynasty, with mine optimisation assessment, metallurgical workstreams and flowsheet development studies underway.”
Dynasty Gold Project – 9 kilometres of strike showing soil geochemical anomalies and multiple target areas including the Gap Zone and Iguana South that remain undrilled.
From here, TTM intends to complete:
- Mapping over the 2-kilometre Gap Zone between Iguana and Trapichillo, and over newly identified targets at Iguana South to better understand mineralisation controls and extents.
- Trenching over newly identified arsenic (gold) and copper targets to better understand mineralisation style and potential grades at surface. This information will be used to optimise drill design – initial trench results due in the coming 2-3 weeks.
- Soil sampling over remaining unsampled area south of Trapichillo, closing the final gap in the 9-kilometre epithermal corridor, results expected in the coming 4 weeks.
- Ranking and prioritisation of new targets defined by Titan’s exploration, to determine the best targets to be drill tested – resource growth drilling planned to commence late Q3 2024
- Dynasty mineral resource estimate update, targeting modest resource growth and improved confidence and upgrade to JORC classification. Several resource workstreams now well advanced, expected delivery by the end of August 2024.
- Dynasty pre-scoping study to be updated with the impending resource estimate, results due Q4 2024.
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