Resource Update Looms as Porphyry Mineralisation Widens at Titan’s Dynasty Project
Titan Minerals reports significant wide zones of porphyry-hosted gold-silver-copper mineralisation at its Dynasty Gold Project in Ecuador, with a resource update expected in early 2026.
- Extensive porphyry-hosted gold-silver-copper mineralisation confirmed at Kaliman target
- Multiple high-grade intercepts within broad bulk mineralisation zones
- Four diamond rigs active, with 4,200m drilling remaining before Q1 2026 resource update
- Resource update to incorporate both high-grade vein and bulk porphyry mineralisation
- Preliminary metallurgical tests show high gold recoveries; environmental studies ongoing
Expanding the Dynasty Gold Project
Titan Minerals Limited (ASX, TTM) has delivered a compelling update on its Dynasty Gold Project in southern Ecuador, revealing extensive new zones of porphyry-hosted gold, silver, and copper mineralisation at the Kaliman target. This latest drilling campaign has intersected broad mineralised zones, some extending over 200 metres, with multiple high-grade gold and silver intercepts that underscore the project's growing scale and potential.
The Kaliman target, part of the larger Cerro Verde prospect, has historically been known for high-grade vein-hosted gold mineralisation. However, recent results highlight a significant bulk porphyry mineralisation component, which could materially enhance the project's economics by improving strip ratios and enabling more efficient mining operations.
Robust Drilling Program and Upcoming Resource Update
Currently, Titan is operating four diamond drilling rigs, with approximately 4,200 metres remaining in an 8,000-metre resource drilling program focused on both extensional and infill drilling at Kaliman and the adjacent Brecha-Comanche target. Since July 2023, the company has completed around 25,000 metres of drilling, positioning it well for a Mineral Resource update scheduled for the first quarter of 2026.
This forthcoming update is anticipated to incorporate the newly identified bulk porphyry mineralisation alongside the previously defined high-grade vein resources. Such integration is expected to increase the overall resource size and potentially improve project scale and economics, a strategic pivot that could attract greater investor interest and underpin future mine studies.
Encouraging Metallurgical and Environmental Progress
Preliminary metallurgical testwork on representative samples from the project has yielded promising gold recovery rates of 85-88% for oxide ore and up to 91% for fresh sulphide ore using conventional processing methods. These results suggest that the mineralisation is amenable to efficient extraction, which bodes well for future feasibility studies.
Meanwhile, ongoing environmental baseline studies continue to ensure compliance with regulatory requirements and support the project's permitting pathway. Titan has also completed preliminary studies on tailings storage and waste dump options, further advancing the project's readiness for potential large-scale mining operations.
Financial Strength and Strategic Partnerships
Bolstered by a recent US$10 million equity placement with Lingbao Gold International Company Ltd, Titan holds a strong cash position to accelerate resource growth and project development. The company is actively negotiating potential project-level transactions with Lingbao, signaling strategic intent to leverage partnerships for advancing Dynasty towards production.
CEO Melanie Leighton expressed confidence in the drilling program and resource update timeline, emphasizing the opportunity to expand resources and enhance project economics. As gold and silver prices remain near all-time highs, Titan's 100% ownership of a 3.1 million ounce gold and 22 million ounce silver resource positions it attractively within the sector.
Bottom Line?
With a robust drilling campaign underway and a resource update imminent, Titan Minerals is poised to redefine the scale and economics of its Dynasty Gold Project.
Questions in the middle?
- How will the integration of bulk porphyry mineralisation affect the overall resource grade and mine plan?
- What are the timelines and key milestones for permitting and mine optimisation studies post-resource update?
- How might the strategic partnership with Lingbao influence project financing and development decisions?