Titan Minerals Ltd (ASX:TTM, OTC:TTTNF) delivered a 25% increase in gold and 19% increase in silver resources at its flagship Dynasty Gold Project in southern Ecuador in the March quarter, lifting the project’s mineral resource estimate to 65.6 million tonnes at 1.85 grams per ton (g/t) gold and 12.38 g/t silver for 3.9 million ounces of gold and 26.1 million ounces of silver.
The upgrade follows about 22,400 metres of diamond drilling at Cerro Verde, where the resource now stands at 50.8 million tonnes at 1.66 g/t gold and 9.89 g/t silver for 2.7 million ounces of gold and 16.15 million ounces of silver.
The result confirmed Dynasty as a large-scale, growing gold-silver system, with 76% of the resource contained within 200 metres of surface, supporting open pit development scenarios and potential underground optionality.
Chief executive officer Melanie Leighton said the March quarter delivered “a step-change in scale”, with the upgraded MRE confirming Dynasty as a large-scale, long-life gold system.
“The substantial growth in contained metal reflects the success of our targeted drilling strategy and the predictability and quality of the mineralisation. The addition of porphyry-hosted mineralisation at Kaliman is particularly significant, introducing a bulk-tonnage style of mineralisation that enhances scale, improves mining flexibility and strengthens the overall development case,” Leighton said.
“Our drilling continues to demonstrate strong continuity and growth potential, both at depth and along strike with mineralisation remaining open in multiple directions and providing clear optionality for further expansion, with study work now underway and a substantial drilling program planned, we are well positioned to continue growing the resource base while advancing Dynasty through the next phase of development.”
Dynasty, Linderos and copper portfolio advance
At Dynasty, drilling at Brecha-Comanche returned high-grade intercepts including 38.5 metres at 3.0 g/t gold and 5.6 g/t silver from 168.8 metres, including 7.5 metres at 11.0 g/t gold and 12.7 g/t silver.
Extensional drilling more than doubled the known vertical depth of mineralisation at Brecha-Comanche to around 600 metres below surface, while drilling at Kaliman defined broad zones of porphyry-hosted gold-silver-copper mineralisation, including 159.9 metres at 0.7 g/t gold equivalent from 2.1 metres.
Titan said the addition of porphyry mineralisation could reduce strip ratios, increase project scale, extend mine life and improve development economics.
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