- Titan Minerals has started resource growth drilling at the 3.1Moz gold, 22Moz silver Dynasty project in Ecuador
- Drilling is designed to target extensions to the epithermal vein footprint at Cerro Verde before moving to the Papayal prospect
- Mapping and surface geochemical work is continuing ahead of a resource upgrade in Q1 2024
Titan Minerals is now drilling to grow the already considerable resource at its 3.1Moz gold, 22Moz silver Dynasty project in Ecuador, one of the fastest growing mining jurisdictions in Latin America.
Titan’s (ASX:TTM) 139km2 Dynasty project comprises four major prospects, hosted within a 9km long by 2km wide corridor of epithermal gold and silver vein-hosted mineralisation.
Exploration to prove up the resource has been extensive, with 394 diamond drill holes for more than 63km completed in several phases of drilling by Titan and previous project operators.
Yet huge upside remains. Large areas of the 9km epithermal vein corridor remains largely untested, and even the well-explored portions are sparsely drilled below depths of ~200m.
Resource upgrade targeted in Q1 2024
The explorer is aiming to define further high-grade, high-margin gold-silver resources in these areas, following recent mapping and surface geochemical sampling which was successful in expanding the epithermal vein footprint well beyond existing resources.
TTM plans to begin resource drilling at the Cerro Verde prospect first, before moving to the Papayal prospect, where rigs will start turning in mid-October.
In its aim to deliver a resource upgrade in Q1 2024, Titan plans to begin drilling at Cerro Verde with 17 holes for 2,250 metres, while a further 24 holes for 2,650 metres is planned to target resource growth at Papayal.
Construction of access tracks well advanced
“We are excited to have commenced resource drilling at the Cerro Verde prospect,” TTM CEO Melanie Leighton says.
“Drilling is designed to test the expanded epithermal footprint and is considered a key step in the Company’s strategy to grow the Mineral Resource base of 3.12Moz gold, 22Moz silver, and demonstrate the ultimate scale of the epithermal gold system.
“Drilling is also set to commence at the Papayal prospect, Dynasty Gold Project in mid-October, with logistics being prepared and the construction of access tracks and platforms now well advanced.
“We look forward to a steady flow of results from Cerro Verde and Papayal drilling, as we continue to advance mapping and surface geochemical work programs across the broader project to identify new areas of mineralisation.”
This article was developed in collaboration with Titan Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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