Proactive - Interviews for investors

Just the Facts: Titan Minerals reports high-grade gold results at Dynasty Gold Project

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Titan Minerals Ltd (ASX:TTM, OTC:TTTNF). The company has announced significant high-grade gold discoveries from trenching activities at the Dynasty Gold Project in Ecuador. At the Cerro Verde east and south prospect, trenching returned 2.1 metres at 32 g/t gold and 7.4 g/t silver, and another trench returned 2 metres at 7.3g/t gold and 6.1g/t silver. The trenching program has validated the potential of multiple targets identified through high-grade rock chips, mapped veins and soil geochemical anomalies. Titan says these results provide “proof of concept” for new target areas set for further testing under a 10,000-metre exploration and resource growth drilling program. The company emphasises that gold mineralisation at Dynasty outcrops at surface, making trenching an effective and economical method to evaluate mineralisation. Currently, three diamond drill rigs are operational, with completed samples sent for laboratory analysis. Drill results are anticipated in the coming weeks and will contribute to a resource update planned for mid-2025. #ProactiveInvestors #TitanMinerals #ASX #JusttheFacts #GoldExploration, #DynastyProject, #MiningEcuador, #HighGradeGold, #GoldMining, #ResourceUpdate, #Mineralisation, #TrenchingResults, #CerroVerde, #GeochemicalAnomalies, #DiamondDrilling, #PreciousMetals, #GoldProspecting, #MiningNews, #GoldDiscovery, #EcuadorMining, #SurfaceTrenching, #GoldSilver, #ExplorationDrilling

Duration:: 2m
Broadcast on:: 29 Nov 2024
Audio Format:: other

Hello and welcome to this episode of Proactist Joseph Axe. I'm your host Tyler Tully. Titan Minerals is accelerating its 10,000-metre diamond drilling campaign at the Linderos copper project in Ecuador. This exploration effort is part of an earn-in agreement times entered with Hanrin, a subsidiary of Hancock Prospecting, which enables Hanrin to secure up to an 80% interest in the project by meeting exploration milestones and funding up to $120 million US dollars. Drilling at Linderos began in November this year with a second diamond drill rig planned to be added soon. The campaign is focusing on extensions at the Copper Ridge Porphyry Prospect and is expected to be completed by the second quarter of next year. Hanrin has already achieved a 5% interest by providing a $2 million payment to Titan and can increase its interest to 51% once it's finished 15,000 metres of drilling. Titan's previous exploration defined copper porphyry mineralisation at shallow depths across a substantial area. Encouraging results include 308 metres at 0.4% copper equivalent and a promising 2 kilometre porphyry alteration footprint identified via geophysical surveys. The company says it's very encouraged by Hanrin's desire to commence exploration activities in such a timely manner. We're drilling under way less than two months after the execution of the joint venture and early in agreement. This is a testament to Hanrin's well-credentialed Ecuadorian team and to their commitment in maintaining their leadership position in Ecuador's emerging mining industry. Titan's extremely pleased to be partnered with Hanrin, a company that is motivated to fully explore and develop the Linderos project, which it believes has the potential to host a porphyry copper deposit of global significance. The company will continue to provide updates on the drilling campaign and its associated activities as they progress. Thanks for watching. These are just the facts.