Perth, Australia – 24 October 2024 | Titan Minerals Limited (ASX: TTM) (“Titan” or “the Company”) is pleased to announce further high-grade gold discoveries at its flagship Dynasty Gold Project in Southern Ecuador. The Company’s ongoing exploration efforts have delivered impressive results at the Tomahawk target that was identified recently, as well as further significant results from the Iguana extensional areas.
Highlights:
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Further High-Grade Gold at Tomahawk: The trenching program at the Tomahawk target, a newly identified target from earlier in the year, has returned 5m @ 5.0 g/t Au & 20.6 g/t Ag, including 2m @ 11.2 g/t Au & 33.0 g/t Ag. This is the first trenching completed at Tomahawk, and the results are demonstrative of the potential in the area that was previously untested.
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Significant Results at Iguana South: Trenching at Iguana South returned 3m @ 21.4 g/t Au & 14.1 g/t Ag, confirming a discovery of a +400m high-grade vein, which remains open alongstrike.
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Further Results at Iguana East: A new Iguana East vein system produced 1.8m @ 4.5 g/t Au & 10.6 g/t Ag, extending mineralisation beyond the Inferred Mineral Resource area.
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Larger Mineralisation Footprint: These latest discoveries have expanded the known gold-silver mineralisation footprint at Dynasty to 9km x 2km, far larger than the previously defined 5.5km x 1km zone.
Melanie Leighton, CEO of Titan Minerals, commented: “It’s exciting that our exploration efforts are being rewarded with high-grade gold results from trench in several of our newly identified exploration targets at the Dynasty Gold Project. This latest result of 5m @ 5.0 g/t Au returned from Tomahawk, along with the recent result of 3m @ 21.4 g/t Au at Iguana south has proven the fertility of Dynasty over a 9km x 2 km area. We now know that the mineral system encompasses a much larger area than the current 3.1Moz gold & 22Moz silver Mineral Resource.”
“The revelation of a much larger mineral system bodes extremely well for us, feeding into our Dynasty resource growth strategy. We are expediting the development of further trenches over priority target areas, with a view to test many of these exploration targets in the upcoming ~ 10,000m drilling campaign.”
“We look forward to delivering a steady flow of trench results over new targets in the coming weeks, and more excitingly we also look forward to delivering results from resource and exploration drilling programs over the coming months, as we work towards a Dynasty resource update in mid-2025”
For further information, please contact:
Melanie Leighton
Chief Executive Officer
melanie@titanminerals.com.au
Jane Morgan
Investor & Media Relations
jm@janemorganmanagement.com.au
About us:
About the Dynasty Gold Project:
Titan Minerals Limited is an Australia-based copper and gold project developer company. The Company is focused on exploring and developing Tier One projects in Ecuador's southern Andean copper-gold belt. The Company's projects include Dynasty Gold Project, Copper Duke Project, and Linderos Project. The Company's Dynasty Gold Project is located approximately 25 kilometres (km) north of the Peruvian border. The Copper Duke is an early-stage exploration project located approximately 18 km east of the Company’s wholly owned Dynasty gold. The Copper Duke Project is comprised of 13 concessions totaling 130 square kilometres (km2) in the Loja Province in southern Ecuador. The Lineros project is located approximately 20 km southwest of its flagship Dynasty Gold Project where drilling for resource estimation update is underway, and is comprised of four contiguous concessions totaling approximately 143 km2 located near the Peruvian border in southern Ecuador's Loja Province.
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au
