Subiaco, WA - 17 June 2024 - Titan Minerals Limited (ASX:TTM) is thrilled to announce significant progress and exciting new discoveries at its 100% owned Dynasty Gold Project in southern Ecuador. Recent extensive exploration activities have identified multiple new gold and copper targets, significantly expanding the project’s mineral footprint and providing strong potential for resource growth.
Key Highlights:
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New Gold and Copper Targets: Recent mapping and soil geochemistry have revealed a substantially larger gold footprint than previously defined by drilling, contained within the current 3.1 million ounces (Moz) gold and 22Moz silver resource.
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Epithermal Gold Veining: Early mapping over the 2-kilometer Gap Zone has confirmed the presence of epithermal gold veining, suggesting potential mineralization connectivity from Iguana to Trapichillo. This area has never been previously drilled or explored.
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Gisell Copper Discovery: Mapping and trenching over the Gisell copper target have unveiled argillic and phyllic alteration and A-type veins, confirming it as a new porphyry copper discovery. Further trenching is underway with results expected in the coming weeks.
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Geological Model Update: The updated geological model for Cerro Verde has been handed over to an independent resource geologist, with resource estimation workstreams now underway and a resource update expected in July.
Titan’s CEO Melanie Leighton commented: “Titan’s dedicated exploration has rewarded us with multiple new gold and copper targets, which we are excited to soon drill test, as we aim to grow the 3.1Moz gold and 22Moz silver mineral resource. Our soil sampling continues to reveal further geochemical anomalies, indicating that the Dynasty gold system is significantly larger than what is currently defined by drilling and contained in resources. It’s exciting that the Gisell copper target has been confirmed as a porphyry copper system, with phyllic and argillic alteration and porphyry style A-type veining and abundant copper oxide mineralization observed in our latest mapping and trenching. We are now fully focused on exploring the 2-kilometer Gap Zone, an area which has seen very limited exploration and has never been drill tested. It represents a direct extension, linking the Iguana and Trapichillo epithermal gold vein systems. The Company believes that there is strong potential to add resources in this highly prospective, underexplored area.”
Exploration Update:
Since the beginning of the year, Titan Minerals has been conducting expanded mapping and surface soil sampling at Dynasty. The epithermal gold footprint has been substantially expanded, and several new drill targets identified that will be tested in the coming months. The latest results from portable X-ray fluorescence (pXRF) analysis of soil samples have confirmed the presence of new epithermal gold targets and extended previously recognized targets within the Dynasty epithermal gold corridor.
Resource Growth Strategy:
Titan Minerals is preparing for drill testing multiple new gold and copper targets as part of its resource growth strategy. The Gap Zone, which has never been drilled and has seen very limited exploration, is now accessible following a land access agreement with the Yaraco Community. Soil sampling and mapping in this area are expected to provide further evidence of the epithermal gold vein system’s continuity and potential for resource growth.
Gisell Copper Target:
Mapping and trenching over the Gisell copper target have confirmed mineralization related to a porphyry copper system, with argillic and phyllic alteration, abundant copper oxide mineralization, and A-type porphyry veins. Further trenching is ongoing to optimize drill targeting.
Next Steps:
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Continue soil sampling and mapping over the Gap Zone to identify the extent of epithermal vein-hosted gold mineralization.
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Further trenching and detailed mapping over newly identified arsenic and copper targets to better understand mineralization extent and controls.
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Rank and prioritize new targets for drill testing, with resource growth drilling planned to commence early Q3 2024.
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Update the Dynasty Mineral Resource Estimate, targeting modest resource growth and improved confidence and upgrade to JORC classification.
About us:
About Titan Minerals Limited:
Titan Minerals Limited is an ASX-listed company focused on exploring and developing its portfolio of gold and copper assets in Ecuador. The Dynasty Gold Project, comprising five contiguous concessions, spans an area of 139km² and hosts a current mineral resource of 3.1Moz gold and 22Moz silver.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au
