Titan Minerals Uncovers New Shear-Hosted Gold Zone at Dynasty Project in Ecuador

Titan Minerals (ASX: TTM) has identified a new zone of shear and vein-hosted gold-silver mineralisation outside the current resource at its 100%-owned Dynasty gold project in southern Ecuador, opening another avenue for resource growth at the Cerro Verde prospect.

Diamond drilling at the Brecha-Comanche target returned 33.5 metres at 6.6 grams per tonne gold and 55.5g/t silver from 236.7m downhole, including a higher-grade interval of 4.5m at 39.5g/t gold and 362g/t silver.

Titan interprets the mineralisation as being associated with a shear zone within a northwest-trending structural corridor measuring about 1.6 kilometres by 800m, where previous drilling was largely oriented sub-parallel to the newly recognised structures.

The company has designed follow-up holes perpendicular to the interpreted structures to test repetitions and lateral extensions, with drilling expected to begin within the coming fortnight once new platforms are prepared.

The discovery comes as Titan continues a 10,000m resource definition drilling program at Cerro Verde ahead of a planned Dynasty mineral resource estimate (MRE) update in early 2027.

Permeable Structural Setting

Titan considers the shear-hosted mineralisation more pervasive than the vein-hosted style typically defined at Cerro Verde, with the shear zones interpreted as conduits that focused mineralising fluids through a permeable structural setting.

The orientation is important because much of the earlier drilling at Brecha-Comanche was completed in a similar direction to the structures, creating the possibility that further shear-hosted mineralisation remains untested within areas already drilled.

“Our technical team are highly encouraged by these latest results, which have provided a breakthrough in our understanding of the major mineralisation pathways and controls at Dynasty,” chief executive officer Melanie Leighton said.

“Given the orientation of this new mineralisation, we are only just beginning to understand its importance and potential.”

“These latest results add further weight to the theory that the more we drill at Dynasty, the more mineralisation we will continue to discover.”

Extensional Resource Drilling

Further extensional drilling will test ground beneath the historical Brecha-Comanche waste dump, where a roughly 10m-thick veneer covering about 250m by 250m may obscure extensions of the known mineralisation.

At Kaliman, Titan plans to test open extensions to broad vein and shear-hosted mineralisation associated with lithological contact zones, including areas influenced by the same northwest structural corridor.

Additional targets occur where major structures converge in areas that have received limited shallow drilling, with Titan proposing that deeper drilling may reach preferred stratigraphic units that host much of the Dynasty mineralisation.

The current Dynasty MRE totals 65.55 million tonnes at 1.85g/t gold and 12.38g/t silver for 3.90 million ounces of gold and 26.10Moz silver, including 2.70Moz of gold at Cerro Verde.

Reported exploration intersections are drilled thicknesses and should not be interpreted as true widths until structural analysis and three-dimensional modelling are completed.

Parallel Study Work

Titan expects to expand the 10,000m resource program where warranted so higher-value extensional targets can be tested in time for inclusion in the early 2027 MRE update.

Three diamond rigs are operating at Dynasty and a reverse circulation rig is expected in early October to undertake shallow resource infill drilling and first-pass testing of exploration targets at lower cost and with improved drilling efficiency.

The newly appointed chief operating officer is on site assessing infrastructure options and working with service providers and consultants as information is gathered for the Dynasty Scoping Study.

Titan expects the Scoping Study in late 2026, while a substantial flow of drilling results is anticipated over coming weeks as resource growth work and development studies progress in parallel.