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Highlights
Titan Minerals confirms shallow gold and silver zones at Dynasty in southern Ecuador
Drill results from Cerro Verde and Iguana show new mineralised extensions
Exploration continues despite temporary weather delays, with modelling progressing
Titan Minerals Ltd (ASX:TTM, OTC:TTTNF), operating in the precious metals sector, has confirmed new zones of shallow gold and silver mineralisation at the Dynasty Gold Project in southern Ecuador. The company is progressing with drilling activities to expand the existing resource estimates of gold and silver across its wholly owned project.
New Intercepts at Cerro Verde and Iguana Prospects
Recent drill campaigns at the Cerro Verde and Iguana prospects have revealed additional mineralised zones. Cerro Verde’s drilling activities delivered results from one of the latest drill holes, indicating mineralisation near surface and at greater depths. Iguana, another active prospect within the Dynasty Project, recorded mineralisation extensions at depth, broadening the understanding of the area’s resource geometry.
According to technical data, the drilling at Iguana is confirming continuity in mineralisation. These extensions are interpreted to be laterally and vertically aligned with previously defined zones, thereby contributing to the company's updated geological interpretation.
Exploration Progress and Geological Modelling
The company has completed multiple drill holes, with assay results received for the majority. A portion of results remains pending and is expected to be delivered shortly. In parallel, an updated three-dimensional geological model is under development. This model integrates the latest drilling data and supports the upcoming resource review.
Drill results have reportedly been wider and higher in grade compared to initial trenching data collected from surface, especially at the Cerro Verde prospect. This enhances the current understanding of near-surface mineralised systems, which remain a primary focus for the ongoing exploration program.
Impact of Weather and Strategic Assessment
Heavy rainfall in March prompted a temporary suspension of drilling operations. During this downtime, Titan’s geological team conducted a comprehensive internal assessment of recent drilling outputs. This process allowed for the identification of new areas that are now being prioritised for future drilling once conditions allow.
This strategic reassessment has led to refinement in drill targeting, with the upcoming phase aiming to test several zones identified during the review process. These efforts align with the company’s broader objective to optimise drilling efficiency while refining geological interpretations.
Broader Portfolio Development and Funding
In addition to the activities at Dynasty, Titan Minerals continues to advance its broader project portfolio. A joint venture agreement is in place with Hancock Prospecting, supporting a large-scale copper drilling program at the Linderos Project. This collaboration aims to progress exploration across both gold and copper domains.
The company maintains a strong funding position, facilitating the continuation of resource and exploration drill programs across its asset base. The diversified portfolio places Titan among the ASX mining stocks currently active in both gold and copper development initiatives.
