Titan Minerals expands gold mineralisation footprint with sampling program at Dynasty project

Titan Minerals (ASX: TTM) has discovered high-grade gold in extensional trenches during exploration at its Dynasty project in southern Ecuador.

Soil sampling along the project’s epithermal system has expanded the gold mineralisation footprint along the entire 9-kilometre corridor, with new exploration and resource targets highlighted in several unexplored and undrilled areas.

A drilling program of up to 10,000 metres is set to commence in the coming weeks at Dynasty, targeting lateral and depth resource extensions, as well as multiple new exploration zones.

Trench sampling

Recent trench sampling returned strong results in resource extensional areas to the south and east of the Iguana prospect, highlighting a new and extensive gold-silver vein from the surface approximately 150m to the south of the defined mineral resource.

Significant intercepts included 3m at 21.4 grams per tonne gold and 14.1g/t silver, along with 2.2m at 6.2g/t gold and 3.7g/t silver.

These results confirm the vein discovery, which remains open along strike to the north-east and south-west.

Iguana currently hosts an indicated 200,000 ounces of gold and 1.2 million ounces of silver and an inferred 500,000oz of gold and 3.6Moz of silver, with potential for lateral and depth extensional resource growth.

Multiple new veins

The latest mapping and trench sampling from Iguana East highlighted multiple new veins, with a best result of 1.8m at 4.5g/t gold and 10.6g/t silver from the surface approximately 150m to the north of the current resource.

New trench results were also returned from peripheral areas of inferred mineral resources at Iguana East, confirming the continuity and tenor of mineralisation in an area which has been sparsely explored and never drilled.

An intercept of 1.8m at 4.5g/t gold and 10.6g/t silver was returned from trenching in an area of low geological confidence, providing good support to improve the geological interpretation and resource classification in this area.

Titan said further trenching and drilling were planned at Iguana East to target resource additions and improvements to classification, with the company of the belief that the new targets have the potential to substantially grow the Dynasty resource.

Unexplored gaps

Chief executive officer Melanie Leighton said exploration at Dynasty had unveiled large unexplored gaps in the epithermal corridor.

“Our systematic exploration has dramatically increased the project’s mineralisation footprint and identified several new exploration and extensional targets which have the potential to provide substantial growth to the current silver resource,” she said.

“We anticipate a steady flow of results from trenching and drilling, which will commence in the coming weeks.”