TITAN MINERALS REPORTS HIGH-GRADE GOLD AT DYNASTY PROJECT

New trenching uncovers promising gold results at Cerro Verde East and Iguana South.

Titan Minerals Limited (ASX:TTM) has reported additional high-grade trenching results from extensional areas at its Dynasty Gold Project in southern Ecuador. The latest assays highlight significant gold and silver mineralisation outside the current Mineral Resources, with key results from the Cerro Verde and Iguana targets.

Key Results:

Cerro Verde East and South

2.1m at 32.0 g/t gold and 7.4 g/t silver (CVC24-056)
2.0m at 7.3 g/t gold and 6.1 g/t silver (CVC24-072)
6.0m at 1.8 g/t gold and 23.6 g/t silver (CVC24-054)
4.7m at 3.6 g/t gold and 23.1 g/t silver (CVC24-063)

Iguana East

3.3m at 1.5 g/t gold and 3.2 g/t silver (IGT24-010)
5.1m at 1.4 g/t gold and 7.4 g/t silver (IGT24-016)

Recent Highlights:

At Iguana South, a 3.0m trench returned 21.4 g/t gold and 14.1 g/t silver, marking a new +400m high-grade vein never drilled.
A 5.0m interval at Tomahawk recorded 5.0 g/t gold and 20.6 g/t silver in a previously untested target.

These results provide a “proof of concept” for new target areas, which will form part of a 10,000m exploration and resource growth drilling campaign underway.

CEO Comments:

Melanie Leighton, CEO of Titan Minerals, stated:

It’s pleasing that trenching in new areas outside current Mineral Resources has continued to deliver strong results, with the latest result of 2m at 31.96 g/t Au, 7.38 g/t Ag returned from an extensional area ~40m along strike from Inferred Resources at Cerro Verde. Not only will latest results assist in extending the resource along strike, but they will also assist with improving classification given the strong lateral continuity of mineralisation.

Gold mineralisation at Dynasty outcrops at surface, lending itself to trenching as a rapid and low-cost method for defining the width and tenor of mineralisation in areas. Additional trenches are being developed over priority areas, with a steady flow of results expected in the weeks ahead and several targets set to be tested as part of the ~10,000m drilling campaign currently underway at Dynasty.

Resource extensional and infill drilling is progressing well, with 3 diamond drill rigs currently in operation and several holes now completed with samples sent to the lab for analysis. We expect drill results to be returned within the coming 1–2 weeks, with results to feed into the Dynasty resource update planned for mid-2025.