Titan Minerals Confirms Wide, High-Grade Gold from Surface at Cerro Verde

Strong Surface Mineralisation at Cerro Verde

Titan Minerals Limited (ASX – TTM) has delivered encouraging results from surface trenching at its Cerro Verde prospect within the Dynasty Gold Project in Ecuador. The latest channel and trench sampling has confirmed wide zones of gold and silver mineralisation starting right from surface, with assays returning grades such as 4.5 metres at 3.2 grams per tonne gold and 3.5 grams per tonne silver, and 6.2 metres at 2.0 grams per tonne gold and 20.2 grams per tonne silver.

These results provide valuable geological data that will underpin the upcoming mineral resource update scheduled for late Q3 2025. The surface mineralisation complements existing drilling data and helps refine the three-dimensional understanding of the deposit, supporting improved resource classification under the JORC code.

Advancing Drilling and Exploration Programs

Currently, two diamond drill rigs are actively drilling at Cerro Verde, focusing on both infill and extensional targets. The Cerro Verde prospect is the cornerstone of the Dynasty Gold Project, containing nearly two-thirds of the total 3.1 million ounce gold resource. Drilling aims to test compelling down-plunge and down-dip extensions as well as to improve geological confidence within the resource.

Alongside drilling, Titan has completed a 920-line kilometre Mobile Magneto-Telluric (MMT) geophysical survey across the 9-kilometre gold and copper corridor. This helicopter-based survey targets large-scale veins and feeder structures associated with epithermal gold and porphyry copper mineralisation, potentially unlocking new exploration targets across the project area.

Strategic Importance of Surface Data

CEO Melanie Leighton highlighted the significance of the trenching results, noting that surface assays provide strong control points to tie in with downhole drilling data. This integration is critical for robust 3D mineralisation modelling and resource estimation. The use of low-cost trenching methods is particularly effective at Dynasty, where mineralisation outcrops at surface, allowing for efficient data collection and targeting.

Moreover, the trenching has extended known mineralisation beyond previously drilled areas, with significant intercepts recorded up to 140 metres outside defined mineral resources. This suggests potential for resource growth as exploration continues.

Outlook and Next Steps

Titan Minerals plans to complete a 6,000-metre drilling program over the next three months, focusing on resource infill and extensional targets at Cerro Verde and the Iguana prospect. The company anticipates a steady flow of assay results to support the mineral resource update later this year.

Meanwhile, interpretation of the MMT survey data is underway, with results expected within 3 to 4 weeks. These findings could reveal new structural targets and further enhance the exploration potential of the Dynasty Gold Project.