- Drilling within Titan Minerals’ (TTM) Dynasty gold project in Southern Ecuador has revealed extensions to the mineralisation at depth
- The latest results come from the final 12 diamond drill holes completed across the Cerro Verde prospect at the end of 2021
- The company also completed channel sampling with the latest results showing increases to vein density at both the Brecha and Comanche pits
- TTM expected to have a resource estimate completed by the end of 2021, but delays in receiving assays hindered this progress with assays for six drill holes remain outstanding
- Shares have been trading 2.3 per cent higher at 8.7 cents at 3:37 pm AEST
Drilling within Titan Minerals’ (TTM) Dynasty gold project in Southern Ecuador has revealed extensions to the mineralisation at depth.
The latest results come from the final 12 diamond drill holes completed across the Cerro Verde prospect at the end of 2021.
Drilling aimed to infill and target extensions of the known mineralised veins and also intercept structural ore shoots.
One drill hole, CVD089, twinned a historical drill hole and intersected similar multiple vein arrays of the brecha vein system including 11.4 metres at 2.5 grams of gold per tonne (g/t) with 34.6 grams of silver per tonne from 107.9 metres downhole.
Another highlight of the drill results was drill hole CVD095 which extended mineralisation a further 80 metres at depth, intersecting 5.4 metres at just over 4 g/t gold with 27 g/t silver from 58.6 metres.
A mineralisation extension of 53 metres was also seen in drill hole CVD080 which targeted the Ensillada vein zone. Grades included 7.9 g/t over 2.8 metres, with 93.2 g/t silver from 58 metres.
The company also completed channel sampling to better define the surface projection of mineralised veins for resource evaluation.
New sampling results have shown increases to vein density at both the Brecha and Comanche pits.
At Comanche, sampling extended the length of the veins by 60 metres to the west, with mineralisation observed to form a wide halo around the main vein zone. Titan said this provides “further indications for potential increases” in resource volume that has not been included in the previous resource estimate.
The company expected to have a resource estimate completed before the end of 2021, however delays in receiving assays hindered this progress. Assays from a final six drill holes are yet to be received, and are expected in the coming weeks.
Titan is continuing work to define the limits of the mineralised system and said current surface work and ongoing 3D modelling will support more predictive exploration drilling.
The detailed modelling and mapping work will also support ongoing modelling for resource estimate updates.
Company shares were trading 2.3 per cent higher at 8.7 cents at 3:37 pm AEST.