Dynasty Gold Project Hits 3.9 Million Ounces Gold After Drilling Surge

Resource Growth and Project Overview

Titan Minerals Limited (ASX:TTM) has announced a substantial upgrade to the Mineral Resource Estimate (MRE) at its wholly owned Dynasty Gold Project in southern Ecuador. The updated figures reveal a 25% increase in contained gold ounces to 3.9 million ounces and a 19% rise in silver to 26.1 million ounces. This growth is primarily attributed to successful resource expansion drilling at the Cerro Verde deposit, which now accounts for the majority of the project’s resources with 2.7 million ounces of gold and 16.15 million ounces of silver.

The Dynasty Gold Project spans approximately 139 square kilometres across five contiguous mineral concessions, all fully permitted for exploration and small-scale mining. The project is strategically located near the town of Celica and benefits from accessible infrastructure, including sealed highways, power, water, and internet connectivity.

Drilling Success and Geological Insights

Over the past year, Titan’s geology team completed around 22,400 metres of targeted diamond core drilling, focusing on resource expansion and infill at Cerro Verde. This drilling confirmed strong mineralisation continuity at the Brecha-Comanche epithermal vein system and defined extensive porphyry-hosted mineralisation at the Kaliman prospect. The drilling results have enhanced the understanding of mineralisation controls and demonstrated the predictability of the system, supporting confidence in the updated resource model.

The updated MRE incorporates data from 379 drill holes totaling nearly 69,000 metres, supplemented by surface trenching and channel sampling. The resource remains open both laterally and at depth, with further drilling campaigns planned to continue expanding and upgrading the resource base.

Mining and Metallurgical Considerations

The updated resource estimate is reported within conceptual open pit shells optimised at conservative metal prices of US$4,200 per ounce for gold and US$75 per ounce for silver. Approximately 47% of the Cerro Verde resource lies within 100 metres of surface, and 76% within 200 metres, suggesting potential for cost-effective open pit mining. The project’s oxide resources, representing 27% of the total, are amenable to conventional cyanide leaching, offering a potential low-cost start-up pathway to generate early cash flow.

Metallurgical testwork indicates strong recoveries for both oxide and sulphide ores, with gold recoveries ranging from 82% to over 95% depending on the processing route. Sulphide mineralisation requires flotation followed by oxidative treatment and cyanidation, while oxide ores are suitable for direct cyanide leaching. Silver is effectively recovered alongside gold in flotation concentrates.

Looking Ahead

Titan’s CEO Melanie Leighton highlighted the impressive discovery cost of US$6.30 per ounce and the team’s excitement for the upcoming 30,000-metre drilling campaign aimed at further resource growth and conversion. The company is advancing towards scoping studies, with the updated MRE providing a robust foundation for economic assessment and project development planning.

While the majority of the resource remains classified as Inferred, ongoing drilling is expected to increase the proportion of Indicated resources, enhancing confidence ahead of feasibility studies. The project’s location within fully permitted concessions and proximity to existing processing facilities further supports its development potential.