Titan Minerals (ASX:TTM) will soon restart exploration and operational activities at the Dynasty Gold Project in Southern Ecuador, with a 10,000m diamond drilling program.
On 20 January, three drill rigs are expected to restart operations.
Titan, which has a market capitalisation of $92.41 million, is also conducting exploration work programs into new prospective areas outside the current 3.1 million ounce gold and 22 million ounce silver resource at Dynasty.
At the end of last year, 20 diamond drillholes were completed for 4,600m, as part of the 10,000m resource growth and conversion drilling program. To date, drilling has been directed into the Cerro Verde, Iguana, and Iguana East prospects.
All drill cores have been logged and samples have been sent to the laboratory.
Titan notes that ALS Global analytical laboratories have experienced higher than expected volumes of samples which has impacted turnaround times. Further delays were also caused by the Christmas break.
The company is engaging with the laboratory and is expecting several batches of assays in the coming weeks. Titan will release these results once made available.
Further exploration surface trench results are also awaiting assays, with the results expected to inform upcoming exploration drilling programs targeting shallow resource growth in unexplored and highly prospective areas.
The Dynasty Project covers 139km2 and is considered an advanced exploration early stage asset.
Titan Minerals is focused on discovering and developing tier one copper-gold deposits in Ecuador’s southern Andean belt.
Write to Aaliyah Rogan at Mining.com.au
Images: Titan Minerals
