Resource Growth Hinges on Upcoming Cerro Verde Drilling and Geophysical Survey Results
Titan Minerals has successfully expanded gold and silver mineralisation at its Iguana prospect by up to 800 metres beyond existing resources, while advancing drilling and geophysical surveys at the Dynasty Gold Project.
- Iguana prospect trenching extends mineralisation 800m beyond current resources
- Significant gold and silver assay results from surface trenches
- 6,000m drill program underway at Cerro Verde for resource conversion and extension
- Mobile Magneto-Telluric survey initiated to identify large-scale vein and porphyry systems
- Focus on resource growth through infill drilling and exploration across 9km epithermal system
Exploration Breakthrough at Iguana
Titan Minerals Limited has reported promising results from surface mapping and trenching at the Iguana prospect, part of its 100%-owned Dynasty Gold Project in Ecuador. The latest work has extended known mineralisation by up to 800 metres along strike from previously defined resources, revealing new zones of gold and silver mineralisation that had not been drilled before.
Noteworthy trench results include assays such as 2.0 metres at 5.0 grams per tonne (g/t) gold and 5.9 g/t silver, and 3.4 metres at 2.0 g/t gold and 10.0 g/t silver. These findings underscore the potential for significant shallow mineralisation accessible from surface, which could materially enhance the project’s resource base.
Advancing Cerro Verde Drilling and Resource Upgrade
Alongside Iguana, Titan is progressing a 6,000-metre drilling campaign at the Cerro Verde prospect, which currently hosts nearly two-thirds of the Dynasty’s 3.1 million ounce gold resource. Drilling is focused on converting inferred resources to higher confidence categories and testing down-plunge extensions that may add high-value ounces within or near conceptual open pit areas.
The company is also prioritising infill drilling to improve resource classification, which is critical for future mine planning and economic studies. Following Cerro Verde, similar infill programs are planned for Iguana to bolster confidence in the resource model.
New Geophysical Survey Targets Large-Scale Systems
Complementing surface and drilling activities, Titan has initiated a 920-line kilometre Mobile Magneto-Telluric (MMT) geophysical survey over the 9-kilometre-long epithermal gold and porphyry copper corridor. This helicopter-based survey aims to detect subsurface resistivity anomalies that could indicate large-scale veins and feeder structures, as well as potential porphyry copper systems.
Results from the MMT survey are expected within a month and will guide future exploration targeting across multiple prospects including Iguana, Cerro Verde, and others within the Dynasty project area.
Strategic Outlook for Resource Growth
Titan’s CEO Melanie Leighton emphasised the company’s dual approach to resource expansion – drilling depth extensions in the most prospective zones and defining new shallow mineralisation from surface exploration. With large portions of the 9-kilometre epithermal system still underexplored, systematic exploration is anticipated to unlock substantial resource growth potential.
The combination of trenching, drilling, and geophysical surveying positions Titan to refine its resource estimates and advance towards a robust scoping study and eventual mine development. Environmental permitting is in place for key concessions, supporting ongoing exploration and potential mining activities.
Bottom Line?
Titan Minerals’ latest exploration success at Iguana and ongoing drilling at Cerro Verde set the stage for a significant resource update that could reshape the Dynasty Gold Project’s outlook.
Questions in the middle?
- How will upcoming trench results from Cerro Verde impact the overall resource estimate?
- What insights will the Mobile Magneto-Telluric survey provide about deeper porphyry copper targets?
- When can investors expect the next formal resource update and what scale of growth is anticipated?