Special Report: Near-term project developer Titan – which is about to drill the flagship 2.1moz Dynasty gold project – also plans to kick off field work at the neighbouring Copper Duke project in Q3 this year.

The country of Ecuador represents an embarrassment of riches for Titan Minerals (ASX:TTM).

The company’s main game is the advanced Dynasty gold project, which includes a 9km long by 1km wide mineralised corridor with outcropping vein swarm hosting high-grade gold.

The shallow non-JORC resource of 2.1moz at 4.5 grams per tonne (g/t) gold covers just a small part of that 9km strike. Titan’s strategy is to conduct an aggressive drilling campaign across the project and deliver a JORC resource during Q4 this year.

But the company also has the 130sqkm Copper Duke project in its crosshairs.

Copper Duke is an early stage porphyry copper-gold/epithermal gold project 18km east of Dynasty.

Outstanding historic exploration results has defined at least six major targets, including a major copper-gold porphyry complex at El Huato.

The first modern exploration within Copper Duke was part of a United Nations survey in 1968. This program culminated in the drilling of two diamond drill holes totalling 440m in 1978.

Highlights included 33.1m at 2.5g/t gold, 154 parts per million (ppm) copper and 2.4ppm molybdenum, just 9m from surface. In both these holes only the first ~60m was analysed for gold:

Little to no exploration records have been located by Titan following this maiden drill program in 1978, all the way through to 1999.

Titan says the project received little to no exploration through the 80s and 90s prior to a definitive peace agreement being signed between Peru and Ecuador in 1998.

“During this time, the project was excluded from a generation of discoveries for large-scale porphyry systems that occurred throughout Andean terrane,” it says.

Subsequent exploration from the early 2000s by Iamgold Corp and Core Gold included overlapping soil surveys covering just 14 per cent of the project area.

This is an unloved project with big potential

Prospect locations at Copper Duke defined by potential mineralisation style.

Field work will kick off at Copper Duke in Q3, ahead of maiden drilling in the December quarter.

Titan managing director Laurie Marsland says the team is very excited about both Dynasty and Copper Duke.

“The reported exploration results are a continuation of a data integration process to upcycle historical datasets for both of these world class systems,” he says.

“We look forward to updating the market on the considerable work being completed to highlight the value of both our Dynasty and Copper Duke projects as the company works toward both maiden drilling at Copper Duke and a resource estimate later this year for the flagship Dynasty project reporting in compliance with the JORC code.”

 

This story was developed in collaboration with Titan Minerals, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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