Dynasty gold project sampling looks strong ahead of JORC resource in Q4

Titan Minerals has scored strong gold grades from surface channel sampling at the Dynasty gold project in southern Ecuador.

Assay results from 10 channel samples at the Cerro Verde prospect included:

11.52m at 3.32 g/t (CVC010);
10.56m at 4.14 g/t (CVC010);
6.66m at 4.16 g/t (CVC010);
7.38m at 2.12 g/t (CVC004);
2.60m at 11.2 g/t (CVC004);
6.66m at 4.41 g/t (CVC004);
6.32m at 4.13 g/t (CVC001); and
4.34m at 3.8 3g/t (CVC007).

Channel sampling is continuing with more results expected next month, and Titan Minerals (ASX:TTM) is also ramping up its 12,000m drilling program with two additional diamond drills.

JORC resource expected in Q4

The company’s drilling and sampling program at Cerro Verde is targeted towards delivering a JORC resource in Q4 2020.

While most of the reported channels are near previous sampling, Titan says it’s critical to include historical sampling completed to a JORC compliant standard.

The company has also integrated airborne magnetic and radiometric datasets which it says have boosted its confidence in the continuity of outcropping mineralised veins.

Iguana sampling returns 0.85m at 6.17 g/t

The results also include 16 surface channel samples from the Iguana prospect area which have further confirmed the continuity of the mineralised veins along a 500m stretch of the >2km long vein corridor.

Notably, sample IGC001 returned 0.85m at 6.17 g/t in an area with multiple veins and no drill testing to date.

At Papayal, results for an initial four channel samples on the Sol vein have been received, with further trench and channel sampling activity expected over the coming month.

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.