Subiaco, WA – May 8, 2024 – Titan Minerals Limited (ASX: TTM) is thrilled to report the confirmation of substantial high-grade gold and silver mineralisation at its wholly owned Dynasty Gold Project in southern Ecuador. Recent exploration activities have significantly expanded the footprint of the Dynasty Gold, with rock chip sampling demonstrating extensive gold and silver well beyond the existing resources.
Key Findings:
- Significant Rock Chip Results: New assays have revealed impressive grades, including 8.71 g/t gold and 197 g/t silver at the Papayal prospect, and 8.73 g/t gold at Trapichillo, marking major extensions of known mineral zones.
- Expanded Geological Model: The 3D geological model of Dynasty has been updated, reflecting enhanced geological confidence and promising prospects for JORC classification upgrades.
- Exploration Milestones: With trenching and detailed mapping completed at key targets, Titan is set to initiate extensive drilling programs focused on new gold and copper targets identified through recent soil geochemical results.
Titan’s CEO Melanie Leighton commented:
“Our expanded exploration programs have highlighted large-scale soil anomalies and coincident highgrade gold-silver rock chip results more than 1.7 kilometres from currently defined resources at Papayal.
“It’s exciting that entirely new copper targets are being unveiled by our exploration. We believe that these new areas of copper mineralisation provide a growth opportunity and could add considerable value to the Dynasty Project.
“In the coming week we will commence work programs in the area between Iguana and Trapichillo, an area representing strong potential for lateral resource extensions, and a 1.8 kilometre strike extent of highly prospective land that has never seen exploration by Titan nor previous project owners.
“The gap zone is an exciting area that we consider to be an important piece of the puzzle that has the potential to connect gold mineralisation along the entire 9km epithermal corridor.”
About us:
The Dynasty Gold Project is an advanced stage exploration project comprising five contiguous concessions and is 139km2 in area. Three of these concessions received Environmental Authorisation in 2016 and are fully permitted for all exploration activities.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au