Dynasty's a winner for Titan Minerals. Pic: via Getty Images
Why does Titan think Dynasty is a winner? Because these thick, high-grade gold hits
Mining
share
Titan has received further proof that it is onto something big at the Dynasty project with all 22 diamond holes in the latest set of results returning significant gold intercepts.
The results from the drilling at the Cerro Verde prospect ranged from intercepts with the same magnitude as previous drilling to a formidable 102.7m hit grading 1.44 grams per tonne (g/t) gold from a depth of 46.5m to the end of assays received to date from hole CVD072.
Adding to this, the intercept at CVD072 includes a higher-grade zone of 43.06m at 2.56g/t gold and 6.9g/t silver from 84.79m that hosts a high-grade interval of 14.14m at 6.42g/t gold and 16g/t silver from 87.09m.
CVD072 is a first drill test into a northwest trending vein set within the Cerro Verde prospect identified in historical trench sampling programs.
Titan Minerals (ASX:TTM) has now received assays from 51 of the 97 diamond holes that it had drilled at Cerro Verde.
These assay results, in combination with an additional five holes completed this quarter on the Iguana Prospect, leaves a balance of 51 drill holes completed and awaiting assay analyses, and another three holes currently in progress.
Drilling is also continuing at the Copper Duke project about 18km to the east of Dynasty.
“It is pleasing that the drills continue to return excellent high-grade gold and silver results from the Cerro Verde Prospect which confirm our interpretations and provide data to validate the previous resource estimation processes,” managing director Laurie Marsland said.
“We are excited to get some drilling started in the El Huato area at Copper Duke this year.
“Whilst this preliminary drilling phase is shot, it is designed to assist with the planning of our future programs and signals a long-awaited start to serious exploration at Copper Duke.”
Cerro Verde diamond drilling
To date, the company has completed 97 drill holes for nearly 20km of diamond core drilling at Cerro Verde with assays received for 51 holes.
Besides the thick zone intersected in CVD072, Titan also noted other significant drill intercepts such as:
- 1.98m at 51.2g/t gold and 9.1g/t silver in CVD073, which was the first test into a northwest oriented vein that was previously identified only in surface channel sampling about 130m northwest of CVD068;
- 6.59m at 4.24g/t gold with 12g/t silver from 68.45m in CVD068;
- 7.27m at 9.89g/t gold and 28g/t silver from 118.78m in CVD033, which highlights the opportunity for high-grade shoots in the drill gap between CVD033 and CVD072 that’s 275m to the south; and
- 18.1m at 3.83g/t gold and 50g/t silver from 49.97m including 6.75m at 6.74g/t gold and 82g/t from 53.83m and a separate 4.39m zone grading 3.63g/t gold and 35g/t silver from 73.05m in CVD039.
These results are encouraging given that the drilling was aimed at providing further validation of the resource estimate at Dynasty with an initial focus on the Cerro Verde and Iguana prospects due to convenient access and logistics.
Planned drilling will now move to the Papayal prospect that hosts higher grade gold and silver results in previous channel sampling and limited drill testing.
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.
