Titan: ‘We are convinced we have a massive gold-silver ore system’
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Titan’s Dynasty project in Ecuador is shaping up to be a substantial gold-silver system with resource and extensional drilling returning further excellent results.
Notable results from the second batch of assay results at the Cerro Verde prospect include 5.49m grading 5.33 grams per tonne (g/t) gold and 259g/t silver from a depth of 58.3m, and 9.22m at 2.46g/t gold with 11g/t silver from 169.1m.
Additionally, trench sampling completed by Titan Minerals (ASX:TTM) in parallel with the drilling continues to support continuity of mineralisation along strike while detailed mapping has revealed additional vein density at surface.
Notable results from the trenching include 15m at 6.2g/t gold and 35g/t silver, 4.67m at 11.91g/t gold and 180g/t silver, and 2.86m at 26.25g/t gold and 119g/t silver.
Trenching at the Iguana prospect has also supported the continuity of modelled veins at surface, with better results including 5.71m at 3.95g/t gold with 15g/t silver, and 3.11m at 4.48g/t gold and 8.2g/t silver.
“Our drilling programs aimed at validating and extending the known mineralisation at Dynasty continues,” managing director Laurie Marsland said.
“Assay turnaround and logistics related to Covid-19 have slowed our progress but our confidence grows and we are convinced we have a massive gold-silver ore system at Dynasty and we are yet to fully understand the magnitude and limits of the prolifically mineralised system.
“We have a plethora of targets within and proximal to the currently defined mineralisation and we have no doubts that this ore system is much larger than we initially thought and that previous resource estimates had determined.”
The company has drilled 83 holes totalling 17,189m to date at Dynasty, which is an advanced stage project covering 139sqkm.
Results from the first batch of assays received had hits such as 1.54m at 13.5g/t gold from 131.15m within a broader 5.68m interval at 4.63g/t gold.
Exploration has outlined an extensive zone of epithermal veining over a 9km strike and over 1km in width that remains open in most directions with topography and land access complications being the only impediments to drilling and surface trenching.
Titan is continuing work with four diamond rigs until 17 December, at which point it will pause drilling to enable assay data to catch up with the physical drill progress.
Drilling is expected to recommence in 2022 after a review of the results from the current works.
Works are also continuing at the Copper Ridge and Meseta prospects at the Linderos project while planning has started for drilling to validate historical drilling at the Copper Duke 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.