Diamond drill core from Iguana east displaying a breccia zone.
Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) is at around the halfway mark on a 10,000-metre resource extension and infill program at the Dynasty Gold Project, recently wrapping up 4,600 metres of diamond drilling.
Solid start
"We've made a solid start on the Dynasty resource extensional and infill drilling program, with three diamond rigs in operation and 21 holes for 4,600 metres completed to date," CEO Melanie Leighton said.
The company has drilled the diamond holes across the Cerro Verde and Iguana prospects, confirming and extending gold-silver mineralisation in key zones.
At Iguana, drilling extended mineralisation continuity from surface to depths of approximately 320 metres, surpassing the previous limit of 250 metres.
Mineralisation remains open at depth, with further drilling planned for 2025.
Potential for high-grade mineralisation
At Iguana East, drilling has identified both vein and breccia-hosted mineralisation, a notable discovery given the potential for wide, high-grade breccia mineralisation.
This mirrors the Brecha Comanche target at the Cerro Verde prospect, where some of the strongest and widest gold-silver mineralisation on the project has been encountered.
At Cerro Verde, resource extensional drilling is probing deeper parts of the epithermal system, targeting contacts between volcanic andesite, Kaliman porphyry, and diorite intrusive units.
The aim is to uncover wider and higher-grade zones compared to the vein-hosted mineralisation observed in andesites.
Recent trenching and soil geochemistry have highlighted new targets beyond the current mineral resource, which currently boasts 3.1 million ounces of gold and 22 million ounces of silver.
Exploration of these areas is scheduled for 2025 and has the potential to significantly expand resources in previously untested zones.
Looking ahead
Titan plans to deliver an updated mineral resource estimate by mid-2025, which will form a critical component of the Scoping Study, expected in the third quarter of 2025.
The company remains focused on advancing exploration and resource development at Dynasty and will provide further updates as results become available.
With three drill rigs in operation and assays pending, Titan continues to strengthen its position as a significant player in the gold-silver sector in Ecuador.
"The field team will take a brief break over the Christmas period while we await a large batch of assay results, which are expected to be returned in late December- early January.
"Field operations will recommence on January 6 and our geologists will be use all results to refine and optimise the resource drilling program for 2025.
"We have a dedicated geologist undertaking real-time updates of the Dynasty geological and mineralisation models, so the transition to resource update in mid-2025 should be a seamless exercise.
"With A$20million of funding secured, we have a clear runway to deliver results from our exciting drilling programs underway at Dynasty and can also accelerate derisking studies which will assist with shaping our understanding on options for advancing the project."