Drilling highlights room for growth at Titan’s Dynasty gold project
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Titan’s Dynasty gold project is looking increasingly prospective after step-out drilling confirmed mineralisation below high-grade surface results.
Holes intersecting undrilled regions of the Papayal prospect where trenching had returned high-grade gold and silver had demonstrated that outcropping mineralised veins extend at depth and are open in all directions.
Titan Minerals (ASX:TTM) says results such as 2.9m grading 20.7 grams per tonne (g/t) gold and 57g/t silver from a depth of 49m highlight extensive growth potential for the project within the undrilled epithermal gold-silver vein corridor at the project in Ecuador.
Exciting news when one considers that the drilling was carried out to address a 5km gap in drilling at Dynasty, which has an existing non-JORC resource of 2.1Moz of gold that is underpinned by channel sampling and historical drilling that only partially covers the mineralised corridor.
Ongoing rock chip sampling conducted concurrently with drilling has also returned peak results such as 574g/t gold and 293g/t silver along with 14.1g/t gold and more than 1,500g/t silver.
The new vein intersections are expected to support the planned JORC resource estimate for Dynasty
Channel sampling and field mapping activities are ongoing across the Papayal and Cerro Verde prospects while current mapping is focused on the validation of revised geology interpretation generated from the recently acquired high resolution airborne magnetic and radiometric survey work.
Drilling of the Cerro Verde prospect area is anticipated to commence in the next month following completion of ongoing road construction activity establishing new access routes for the project through the area.
This will see the completion of the remaining 12,000m drill program at the prospect that will enable resource estimate activity to begin.
Drilling in February had already returned results like 5.9m @ 5.35 g/t gold and 20 g/t silver from 37m.
This article was developed in collaboration with Titan Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.