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

Titan Minerals (ASX: TTM) has identified a new shear and vein-hosted gold-silver zone outside the current resource at its 100%-owned Dynasty gold project in southern Ecuador. The discovery opens 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 55.5 grams per tonne silver from 236.7 metres downhole. A higher-grade interval within that intercept ran 4.5 metres at 39.5 g/t gold and 362 g/t silver.

Titan interprets the mineralisation as associated with a shear zone inside a northwest-trending structural corridor measuring about 1.6 kilometres by 800 metres. Much of the earlier drilling at Brecha-Comanche was oriented sub-parallel to these newly recognised structures, the company said. That orientation means additional shear-hosted mineralisation may remain untested within areas already drilled.

Follow-up holes are being designed perpendicular to the interpreted structures. Drilling is expected to start within the coming fortnight, once new platforms are ready.

“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.”

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

The discovery comes as Titan continues a 10,000-metre resource definition drilling program at Cerro Verde. A planned Dynasty mineral resource estimate update is expected in early 2027.

Further extensional drilling will test ground beneath the historical Brecha-Comanche waste dump. A roughly 10-metre-thick veneer covering about 250 metres by 250 metres may obscure extensions of the known mineralisation, the company said.

At the Kaliman target, Titan plans to test open extensions to broad vein and shear-hosted mineralisation associated with lithological contact zones. Some of those areas are influenced by the same northwest structural corridor. Additional targets occur where major structures converge in areas that have received only limited shallow drilling, with deeper holes potentially reaching the preferred stratigraphic units that host much of the Dynasty mineralisation.

The current Dynasty MRE totals 65.55 million tonnes at 1.85 g/t gold and 12.38 g/t silver, containing 3.90 million ounces of gold and 26.10 million ounces of silver. Cerro Verde accounts for 2.70 million ounces of gold in that total.

Titan expects to expand the 10,000-metre resource program where warranted, so higher-value extensional targets can be tested in time for the early 2027 MRE update. Three diamond rigs are operating at Dynasty, and a reverse circulation rig is expected in early October for shallow resource infill drilling and first-pass exploration testing.

The newly appointed chief operating officer is on site assessing infrastructure options. Titan expects the Dynasty Scoping Study in late 2026, while a substantial flow of drilling results is anticipated over the coming weeks.