Titan Minerals unveils major new gold discovery at Dynasty's Cerro Verde prospect.
View of the Cerro Verde prospect showing drilling, gold gram meter contors, major structures, historic open pits, conceptual pit design (US$3,500/oz gold), latest significant intercept & targets set to be tested by extensional resource drilling. Image Credit: Titan Minerals Limited
Titan Minerals has identified a new style of gold-silver mineralization at its Dynasty Gold Project in Ecuador, with diamond drilling returning a high-grade intercept of 33.5m at 6.6 g/t gold and 55.5 g/t silver from 236.7m downhole.
The discovery, at the Brecha-Comanche target within the Cerro Verde prospect, lies outside the existing resource and is associated with a shear zone within a broader northwest-trending structural corridor. Titan says this orientation was likely missed by previous drilling, which ran sub-parallel to the newly identified structures.
Titan has designed additional drilling to test repetitions and extensions within the corridor, commencing within a fortnight. Results will feed into a Mineral Resource Estimate update targeted for early 2027, as the company continues its 10,000m resource definition program.
Titan chief executive Melanie Leighton says:
“Our technical team are highly encouraged by these latest results, which have provided a breakthrough in our understanding of the major mineralization pathways and controls at Dynasty. The discovery of this new style of shear hosted mineralization is significant, with further drilling now planned to target repetitions and extensions to hosted mineralization in the northwest structural corridor. Any additional mineralization discovered in this area has the potential to materially enhance the resource.
"Given the orientation of this new mineralization, we are only just beginning to understand its importance and potential. Drilling to date has likely missed this shear hosted mineralization because previous holes were primarily drilled in a similar orientation to these structures. These latest results add further weight to the theory that the more we drill at Dynasty, the more mineralization we will continue to discover!”
About the Dynasty Gold project: The Dynasty Gold Project is an advanced exploration-early resource stage project comprising five contiguous concessions and is 139km2 in area. Three of these concessions received Environmental Authorization in 2016 and are fully permitted for all exploration and small-scale mining activities. Exploration work at the Dynasty Gold Project has outlined an extensive zone of epithermal veining over a ninekilometer strike. There is also considerable potential for porphyry copper mineralization as identified by surface mapping, trenching, and drilling at the Kaliman prospect and by surface geochemistry and mapping at the Cola and Gisell prospects.