Titan adding more rigs to accelerate Dynasty gold drilling
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Titan is ramping up drilling at its Dynasty gold project a notch with negotiations underway to mobilise another two rigs on site over the next 10 days.
Notably, the move to secure more rigs comes just days after mobilising a fourth diamond drill rig earlier this month. That speaks volumes about the company’s confidence that the project in Ecuador is something very special.
Titan Minerals (ASX:TTM) has thus far completed 24 holes totalling 5,215m with a further four holes underway out of the 12,000m planned for the Cerro Verde prospect.
Here’s where it gets interesting.
While acquiring its first oriented core drilling into previously modelled mineralised veins at Cerro Verde, a planned 120m drill hole was extended to a depth of 605.85m after it kept cross-cutting a number of mineralised vein zones at depth.
These new zones of interest at hole CVD011 are interpreted to be down-dip extensions of several vein corridors in close proximity to each other in the northern extent of the 1.6km by 1.6km footprint of veining at Cerro Verde.
The company noted that while it remains focused on predominantly shallow drill tests of the extensive Dynasty gold system, CVD011 was a cost-effective deep drill test opportunity at the project.
Drilling at the Cerro Verde prospect is focused on adding oriented core intercepts across known mineralisation to better define the geometry of the mineralised zones.
These zones are located within a vein swarm that is demonstrated to have higher vein density in a more complex structural setting than previously modelled
While initial samples from drilling and channel sampling are anticipated within the next 10 days, Titan has contracted an alternate lab facility outside the region to accelerate the turn-around time for assay results from the current six weeks to three weeks.
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.