Perth, Australia – 8 January 2025 | Titan Minerals Limited (ASX: TTM, "Titan" or "the Company") is pleased to provide an update on its ongoing exploration and drilling activities at the Dynasty Gold Project in Ecuador. The Company has made significant progress in its 10,000m diamond drilling efforts, targeting resource growth and conversion in the exploration project as it reaches an advanced stage.
Key Highlights:
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Progress in Diamond Drilling Campaign:
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Completed 20 diamond drill holes totaling 4,600m at the end of 2024, as part of the 10,000m campaign organised last year.
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Drilling focused on the Cerro Verde and Iguana/Iguana East prospects, with all drill core logs and samples submitted to for laboratory analysis.
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Assay results are expected in the coming weeks from ALS Global laboratory, which have faced delays due to high sample volumes, as well as the Christmas and New Year period.
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Upcoming Trenching and Drilling:
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Surface trenching results are anticipated to inform further shallow drill programs in highly prospective areas outside the current resource zones.
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Exploration and operational activities resumed on 6th January 2025, with drilling to recommence on 20th January following receipt and review of pending assay results.
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Optimised Drilling Program:
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The current pause in drilling activities allows the team to incorporate assay results and refine the remaining portion of the 10,000m campaign for the best resource growth efficiency.
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About the Dynasty Gold Project:
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Spanning five contiguous concessions over 139km², the Dynasty Gold Project hosts a large epithermal vein system with a strike length of over 9km and with widths of up to 2km.
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The current Mineral Resource Estimate (as of July 2023) stands at:
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3.1Moz gold and 22Moz silver at a cut-off grade of 0.5 g/t Au.
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To date, exploration has identified further potential for porphyry copper mineralisation at the Kaliman, Cola, and the Gisell prospects.
Next Steps:
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Release pending assay results as they become available.
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Resume drilling with three rigs on 20 January 2025, focusing on expanding and upgrading resources in priority areas.
For further information, please contact:
Melanie Leighton
Chief Executive Officer
[email protected]
Jane Morgan
Investor & Media Relations
[email protected]
About us:
About Titan Minerals Limited:
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 kilometers (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 kilometers (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
Investor & Media Relations
[email protected]