Titan’s Linderos project in Ecuador is the belle of the ball after surface exploration returned intriguing gold, silver and copper results from two prospects.

Assays from the first 144 rock chips of 227 samples shipped from the Meseta prospect returned top results of 64 grams per tonne (g/t) gold and +1,500g/t silver (overlimit silver analysis pending) along with 26.9g/t gold and 715g/t silver from exposed veins about 500m east of the closest previous drill hole.

Importantly, the results highlight that the gold system at Meseta is clearly more extensive than it has been defined to date.

At Copper Ridge, Titan Minerals (ASX:TTM) noted that assays from the first 28 of 47 channel samples over a zone of outcropping quartz stockwork and altered porphyritic granodiorite returned results such as 42m grading 0.31% copper and 0.12g/t gold including 12m at 0.39% copper and 0.15g/t gold.

Managing director Laurie Marsland said that focused exploration at the two prospects allowed the company to rapidly advance the prospectivity of the Linderos project.

“With drill permitting now complete, a technical review is planned at the completion of the current systematic geochemistry and geophysical surveys to determine which of the priority targets warrant drill testing,” he added.

Linderos project surface exploration

Other notable results from the exploration at the Meseta prospect include samples returning 61g/t gold and 103g/t silver as well as 42g/t gold and 9g/t silver on its current western margin.

Meanwhile, sampling on veining discovered about 2.3km southeast of Meseta returned 13g/t gold with 16g/t silver and 7.3g/t gold with 11g/t silver.

Further assays at Meseta and Copper Ridge are pending.

Linderos is 20km southwest of Titan’s flagship Dynasty gold project and comprises four contiguous concessions totalling over 143sqkm near the Peruvian border.

It is located on a major flexure in the Andean Terrane and sits within a mineralised corridor of late Miocene aged intrusions that hosts the majority of porphyry copper and epithermal gold deposits in southern Ecuador.

Other activity

Titan has been issued an environmental permit under the Ecuador Scout drilling register, which will allow for up to 30 drilling platforms at Linderos.

It is working up systematic geochemistry and geophysical surveys including high resolution heli-mag and radiometric surveys which are booked to occur before year-end.

These surveys will help guide the company’s initial drilling.




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.