Titan Minerals Limited (ASX: TTM) has reported multiple wide and high-grade gold-silver intercepts from ongoing resource drilling at its 100%-owned Dynasty Gold Project in southern Ecuador, confirming significant mineralisation growth potential ahead of an updated Mineral Resource Estimate (MRE) targeted for early Q1 2026.
Drilling at the Brecha-Comanche and Kaliman targets within the Cerro Verde prospect has intersected substantial zones of bulk and vein-hosted mineralisation, with results demonstrating wider mineralised envelopes than previously captured in the 2023 resource model.
Key Results
● Brecha-Comanche (CVDD25-143):
○ 7.2 m @ 2.8 g/t Au, 5.2 g/t Ag from 134.1 m
○ 5.3 m @ 2.3 g/t Au, 10.4 g/t Ag from 161 m
○ 3.5 m @ 6.6 g/t Au, 16.2 g/t Ag from 235.9 m
○ 6.1 m @ 7.1 g/t Au, 88 g/t Ag from 255.9 m
○ 16.2 m @ 2.2 g/t Au, 8.5 g/t Ag from 330.7 m within 64 m @ 0.9 g/t Au, 3.5 g/t Ag from 290.5 m
● Kaliman Porphyry (CVDD25-144):
○ 153 m @ 0.5 g/t Au, 1.9 g/t Ag from 61 m, including 14.6 m @ 2.7 g/t Au, 11.2 g/t Ag from 114.4 m
These latest results continue to expand the footprint of mineralisation, validating Titan’s strategy to target both high-grade epithermal veins and bulk disseminated mineralisation hosted in porphyry and breccia units.
Titan’s CEO Melanie Leighton commented:
“Drill results delivered over the past 6 months at Cerro Verde (1.9 Moz gold, 12 Moz silver in July 2023 MRE) has provided an evolution in our understanding of mineralisation controls and opportunities at Dynasty. We now know that there is an opportunity to capture large zones of bulk (disseminated and stockwork hosted) mineralisation in diorite porphyry units, as opposed to the typical narrow vein hosted mineralisation. The addition of bulk gold mineralisation will complement the high grade vein and shear hosted mineralisation and will most likely improve strip ratios and overall economics for the Dynasty Gold Project.”
“We are excited to finalise drilling and deliver the resource update so that we can commence mine studies and continue development studies. Given the current price of ~US$4,300/oz gold and US$53/oz silver, we are now in a very different pricing environment to when we delivered the July 2023 resource.”
“We are also in a strong financial position with substantial funding to hand that will enable us to deliver derisking studies for the Dynasty Project. We are also working towards negotiating terms for a potential project level transaction for Dynasty, following the completion of a 9.9% strategic investment by Lingbao Gold, and the commencement of an exclusivity period allowing 90 days to conduct further due diligence.”
“Exciting times lie ahead for TTM shareholders, with many near-term catalysts, and significant news flow to come from the remainder of the resource drilling program over the coming weeks ahead.”
Next Steps
Titan has four diamond rigs turning at Cerro Verde as it works to complete ~8,000 m of resource drilling ahead of the updated MRE. The company has also initiated key de-risking studies, including metallurgical testwork, environmental baseline studies, and preliminary mine design and tailings storage assessments.
The updated MRE will incorporate results from over 25,000 m of drilling completed since July 2023 and is expected to capture new zones of bulk gold-silver mineralisation identified across the Brecha-Comanche-Kaliman corridor.
With gold and silver trading at record highs, Titan remains well positioned as a fully funded, 100%-owner of the 3.1 Moz gold and 22 Moz silver Dynasty Project, now advancing rapidly towards mine-study readiness and potential project-level partnering discussions.
About us:
About the Dynasty Gold Project
The Dynasty Gold Project is an advanced exploration-early resource stage project comprising five contiguous concessions and is 139 km² in area. Three of these concessions received Environmental Authorisation in 2016 and are fully permitted for all exploration and small-scale mining activities.
Exploration work at the Dynasty Gold Project has outlined an extensive zone of epithermal veining over a nine-kilometre strike. There is also considerable potential for porphyry copper mineralisation as identified by surface mapping, trenching, and drilling at the Kaliman prospect and by surface geochemistry and mapping at the Cola and Gisell prospects.
Contact details:
For media and investor enquiries:
Melanie Leighton – Chief Executive Officer
E: [email protected] Ph: +61 8 6555 2950
Jane Morgan – Investor & Media Relations
E: [email protected] Ph: +61 405 555 618