ACCELERATED RESOURCE GROWTH UNDERWAY AT DYNASTY GOLD PROJECT

The wheels are set in motion at Titan Minerals Limited’s (ASX:TTM) Dynasty Gold Project as resource growth drilling kicks off at the Papayal prospect. A total of 24 holes spanning 2,650 metres are planned in this venture, targeting high-grade gold extensions averaging 4.5 g/t Au. This move comes on the heels of a promising expansion of the epithermal gold footprint beyond existing resources, heralding a potentially lucrative high-margin gold resource growth.

Key Highlights:

  • A total of 24 holes are planned for the Papayal prospect in an effort to extend the high-grade (average 4.5 g/t Au) gold-silver system.
  • The drilling continues at Cerro Verde prospect with 7 holes completed, the results of which are highly anticipated.
  • This marks a significant step in the northward resource growth at the Dynasty Project, with two rigs in operation – one at Papayal and another at Cerro Verde Prospect.
  • Previous drilling at Papayal has unveiled high-grade mineralisation, with the current resource grades standing at 4.5 g/t Au and 50 g/t Ag.
  • The broader aim remains on defining additional high-grade, high-margin ounces, especially targeting shallow mineralisation to augment the existing resource inventory of 3.1Moz gold and 22Moz silver.

Titan’s CEO, Melanie Leighton, expressed her enthusiasm over this development: “We are excited to have commenced resource growth in the north of the Dynasty Project at the Papayal Prospect. This is only the second drilling campaign that the Company has directed towards Papayal… Drilling is aimed at defining additional high-grade, high-margin ounces, with a focus on identifying shallow mineralisation to add to the existing resource inventory of 3.1Moz gold and 22Moz silver…”

The Papayal prospect, a high-grade segment of the Dynasty’s 9-kilometre epithermal corridor, now enjoys a high-priority status for resource growth, thanks to the recent successful mapping and geochemical surface sampling. The existing mineral resources at Papayal are pegged at 0.9Mt @ 4.54 g/t Au, 50.85 g/t Ag.

In sync with the drilling at Papayal, the Cerro Verde prospect is also buzzing with drilling activities. Seven diamond drill holes have been completed to date, with visual observations hinting at the potential for multiple mineralised veins. The drilling campaigns at both Cerro Verde and Papayal are expected to wrap up by the end of the year, setting the stage for a resource update in Q1 2024 once all results have been reviewed.

With eyes set on defining and expanding high-margin resources, the Dynasty Gold Project is indeed unfolding a new chapter in resource growth, promising an enriched inventory of gold and silver. The investment community is keenly watching the developments, awaiting further updates as they roll in from Titan Minerals Limited.

Oblique view looking north displaying Dynasty Mineral Resources ≥ 0.5 g/t Au 

Goldman

Read Previous

JEFFREYS FIND YIELDS OVER 9,400 OUNCES IN STAGE ONE

Read Next

PRODUCTION RAMP-UP CONTINUES AT NORSEMAN GOLD PROJECT