Titan Minerals Limited ("Titan") is pleased to report exceptional results from its resource extension drilling at the Dynasty Gold Project in southern Ecuador. The latest drilling campaign has successfully identified both high-grade shallow mineralization and deeper extensions of the existing resource, supporting the Company’s strategy for significant resource growth.
Major Drilling Highlights:
- Depth Expansion: Extensional drilling at Brecha-Comanche has confirmed mineralization ~150 m below the existing resource, with standout intercepts including:
- 17.5 m @ 2.5 g/t Au, 8.6 g/t Ag from 374 m, including 5.0 m @ 5.5 g/t Au, 10.7 g/t Ag
- Shallow High-Grade Extensions: Near-surface drilling east of the current resource intersected 2.9 m @ 21.9 g/t Au, 10.4 g/t Ag from 17.9 m, confirming an 80 m lateral extension that remains open.
- Additional significant results include:
- 11.7 m @ 3.9 g/t Au, 9.6 g/t Ag from 235 m
- 13.0 m @ 4.5 g/t Au, 22.1 g/t Ag from 330.6 m
- 2.0 m @ 6.1 g/t Au, 61.6 g/t Ag from 451 m
CEO Commentary
Titan’s CEO Melanie Leighton commented:
“Hole CVDD24-122 has been an incredibly successful hole for us, which we probed into the untested easternmost part of Brecha-Comanche. It has delivered multiple significant intersections from shallow depths while also highlighting the presence of wide, high-grade mineralization at depth, confirming extensions up to 150 meters below current drill-defined resources in an entirely untested area.”
“This result is a great reward for our efforts, validating our belief that the Dynasty gold system has the potential to grow substantially through targeted resource definition drilling. We now have a very good understanding of the geological controls at Dynasty, so can be very targeted in prioritizing our resource growth efforts. We look forward to delivering further significant drill results as we work towards the Dynasty MRE update in mid-2025.”
Advancing the Dynasty Project
Titan has completed 31 diamond holes for 7,780 meters of its planned 10,000 m drilling campaign, focusing on the Cerro Verde, Esperanza, and La Flaca-Bonanza targets. Further assays are pending from multiple extensional drilling areas, with results anticipated in the coming weeks.
The Company remains on track for a mid-2025 Mineral Resource Estimate (MRE) update, which will be a key milestone in the Dynasty Scoping Study. Additionally, Titan is progressing metallurgical testwork, with fresh sulphide mineralization results expected this month.
Next Steps
- Completion of the 10,000 m drilling program targeting depth and lateral extensions.
- Ongoing geological assessments to refine high-priority drill targets.
- MRE update in mid-2025, a key input for the Dynasty Scoping Study.
- Finalization of metallurgical testwork, with results expected this month.