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Mining industry

Titan Minerals Unveils Strong Exploration Results at Iguana Prospect in Peru

Strategic Insights

— 1 min read

Recent trenching and mapping work has extended the mineralisation up to 800 metres from the defined resource at the Iguana prospect, confirming further growth potential and setting the stage for an upcoming resource update. This has significantly expanded the footprint of the Iguana prospect and boosted Titan's ongoing resource expansion program. The company is now poised to unlock further value from the Dynasty Gold Project in the coming months through a combination of trenching, geophysical surveys, and drilling.

Key Takeaways:

  • The latest trenching at the Iguana prospect has returned significant gold and silver values, confirming the extension of mineralisation into previously unexplored areas.
  • Highlights from the trenching include IGT24-040 with 2.0 metres @ 5.0 g/t Au, 5.9 g/t Ag, IGT24-032 with 3.4 metres @ 2.0 g/t Au, 10.0 g/t Ag, and IGT24-036 with 6.4 metres @ 1.4 g/t Au, 9.2 g/t Ag within a broader intersection of 11.7 metres @ 1.0 g/t Au, 6.9 g/t Ag.
  • The trenching has successfully extended the mineralised footprint at Iguana, with results extending mineralisation several hundred metres east beyond mineral resources.
  • Titan's ongoing exploration efforts extend beyond Iguana, with further exploration at the Cerro Verde prospect, which hosts the bulk of the Dynasty Gold Project's current 3.1-million-ounce (Moz) gold resource.
  • The company is advancing a 6,000-metre drilling campaign to test down-plunge targets and conducting resource infill drilling to improve categorisation and support an updated resource estimate.
  • Titan is also expanding its exploration with a 920-line-kilometre Mobile Magneto-Telluric (MMT) geophysical survey across the Dynasty project, expected to be completed in three to four weeks.

Statistics:

  • The Iguana prospect has been extended up to 800 metres from the defined resource.
  • The trenching has returned notable intersections, including 3.0 metres @ 4.9 g/t Au, 11.2 g/t Ag and 2.6 metres @ 3.5 g/t Au, 21.5 g/t Ag.
  • The Dynasty Gold Project currently hosts a 3.1-million-ounce (Moz) gold resource and 22 million ounces (Moz) of silver resource.
  • Titan's current drilling campaign is set to reach 6,000 metres.
  • The Mobile Magneto-Telluric (MMT) geophysical survey will cover 920 line-kilometres across the Dynasty project.

Sources:

  • Titan Minerals Ltd (ASX:TTM, OTC:TTTNF)
  • Business News Network (BNN)

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