Impact: Positive
Titan Minerals announced mapping and surface rock chip sampling results from its Dynasty Au-Ag project in Ecuador. The results have returned several high-grade samples from the Papayal and Trapichillo deposits, confirming high-grade expansion potential. Dynasty currently hosts an I&I resource containing 3.12M oz Au and ~22M Ag, of which ~0.5M oz Au and ~5.1M oz Ag is hosted in the Papayal and Trapichillo deposits combined. The rest is hosted in the Cerro Verde and Iguana deposits. We are encouraged by these sampling results as it confirms the presence of low-sulphidation epithermal Au at these two prospects, analogous to Lundin Gold’s (TSXV:LUG, Not Rated) Fruta Del Norte Au mine in southern Ecuador. We look forward to results from ongoing trenching and the upcoming drill program at these newly identified high-grade veins systems, planned for mid-September.
