Titan Minerals extends gold mineralisation at Dynasty project
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Newly reported intercepts from step-out drilling confirm a 180m along-strike mineralisation at Titan Minerals’ Dynasty project in Ecuador, South America.
Assay results have arrived for Titan Minerals’ (ASX:TTM) Dynasty gold project in Ecuador which confirm along-strike vein mineralisation at its Cerro Verde gold discovery.
The assay results are for 31 drill holes for a total of 2,700m at Cerro Verde, and among the significant intercepts is 5.9m at 5.35 grams per tonne (g/t) gold and 20 g/t silver from 37m.
Another drill hole result is 4.25m at 6.37 g/t gold and 111 g/t silver from 56.85m for Dynasty which is located in Ecuador’s southern province of Loja.
“Overall, these results confirm the potential to increase the resource at the Dynasty gold project,” managing director, Laurie Marsland, said.
The drilling results validate earlier diamond drilling completed last year within the Cerro Verde prospect following a re-sampling program.
The previous modelling at the Cerro Verde prospect indicated that its gold veins extended along strike and the drill hole results confirm this and demonstrate new areas of bulk tonnage potential in the prospect’s north.
The newly-reported intercepts represent a step-out of 180m to the east along trend from the nearest intercept modelled in a mineralised zone identified as the Venado vein.
Eighteen holes drilled 500m along strike to the northeast trend at Cerro Verde intersected veining associated with gold and silver throughout the vein corridor tested.
“The results confirm extensions to mineralised zones identified in the previous drilling, show increased widths of mineralised intercepts, continue to confirm the tenor of mineralisation and demonstrate mineralised haloes proximal to veins previously intersected,” said Marsland.
Further modelling to advance a JORC resource estimate for Dynasty is moving ahead, and the project has a current Canadian-compliant resource estimation of hosting 2.1 million ounces.
Earlier this month, the company reported significant intercepts for gold at its Iguana prospect also at Dynasty.
Titan is completing a maiden drill campaign on high-grade, outcropping gold-silver veining at the Papayal prospect area at the Dynasty project.
The company has several additional exploration projects in Ecuador including its Copper Duke gold-copper project, Jerusalem gold project, Portovelo gold plant and Zaruma project.
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.