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Highlights
- Titan Minerals discovers high-grade gold at Dynasty Gold Project.
- New trench results confirm strong gold and silver mineralization.
- 10,000-meter drilling campaign underway with resource update expected in 2025.
Titan Minerals (ASX:TTM) has reported significant discoveries of high-grade gold from trenching activities at the Cerro Verde and Iguana prospects within its 100%-owned Dynasty Gold Project in southern Ecuador. A notable highlight includes a trench result of 2 meters grading 32 grams per tonne (g/t) gold, demonstrating the project's strong potential for resource expansion.
The company's exploration efforts target extensional areas beyond the current mineral resource, which encompasses 3.1 million ounces of gold and 22 million ounces of silver. The latest trenching results have identified additional zones of mineralization in areas east of Cerro Verde and Iguana, indicating further resource growth potential.
Titan’s trenching program, part of its broader exploration strategy, continues to validate new high-grade targets supported by rock chip sampling, mapped veins, and soil geochemical anomalies. Recent results from Cerro Verde East and South include 2.1 meters at 31.96 g/t gold and 7.4 g/t silver, 6 meters at 1.8 g/t gold and 23.6 g/t silver, and 4.7 meters at 3.6 g/t gold and 23.1 g/t silver. The Iguana East prospect also delivered promising results, with trenches reporting up to 3.3 meters at 1.5 g/t gold and 3.2 g/t silver.
The company has also commenced a 10,000-meter drilling campaign to support resource extension and conversion efforts. Three diamond drill rigs are currently operational, with initial samples already sent for analysis. Results from these drilling activities are expected shortly and will contribute to the planned mid-2025 resource update. This update will serve as a key component for a detailed scoping study scheduled for the third quarter of 2025.
In addition to exploration progress, Titan has strengthened its financial position through the exercise of 9.5 million options at $0.35 each, generating over $3.3 million in cash. The company has also repaid a $1.5 million loan, reflecting its commitment to maintaining a solid balance sheet. Remaining options include 12.2 million listed options and 4.7 million unlisted options, both set to expire in January 2025.
Titan Minerals is advancing its Dynasty Gold Project through a combination of successful exploration, ongoing drilling, and financial stability, positioning itself for substantial growth as it approaches the mid-2025 resource update. The project’s high-grade gold discoveries continue to validate the potential for significant resource expansion in southern Ecuador.
