- Titan Minerals (TTM) secures additional rigs for the Dynasty Gold Project in southern Ecuador
- More than 5,215 metres have been completed in a drilling campaign on the Cero Verde Prospect across 24 holes, with a further four still in progress
- TTM says it will now focus mainly on shallow drill tests in the upper 200 metres of the Dynasty gold system to define key structural controls on mineralisation
- Assay results are expected in the coming weeks, with initial sample results for drill and channel sampling anticipated within the next 10 days
- Titan Minerals is down 2.38 per cent, trading at 10.3 cents at 12:55 pm AEST
Titan Minerals (TTM) has secured additional rigs for the Dynasty Gold Project in southern Ecuador.
The current drilling campaign on the Cero Verde Prospect covers 24 holes with an additional four holes in progress. More than 5,215 metres have been completed so far towards the proposed 12,000 metre campaign.
The campaign will look to add oriented core intercepts across known mineralisation to better define the geometry of the mineralised zones, particularly in a vein swarm that has been shown to have higher density in a more complex structural setting than previously modelled. A further four holes are now in progress as part of the campaign.
A fourth diamond drill rig was also mobilised to site to speed up the drilling campaign, while negotiations are underway for a further two diamond drill rigs to mobilise to site over the next ten days. This will bring the total drill rigs operation at the Dynasty project to six, in order to accelerate the drill program.
Titan says it will now focus predominantly on shallow drill tests in the upper 200 metres of the Dynasty gold system in order to define key structural controls on mineralisation.
Assay results from drilling are expected to be received in the coming weeks, with initial sample results for drill and channel sampling anticipated within the next 10 days.
Titan Minerals was down 2.38 per cent, trading at 10.3 cents at 12:55 pm AEST.