en.Wedoany.com Reported - Titan Minerals Ltd has resumed drilling at its flagship Dynasty Gold Project in southern Ecuador, following trenching work that identified new shallow gold-silver mineralization outside the existing resource at the Cerro Verde target.
Three diamond drill rigs are currently operating on site, targeting resource expansion and new exploration targets. The company's March 2026 mineral resource update elevated the Dynasty project to 3.9 million ounces of gold and 26.1 million ounces of silver. Recent trench results indicate opportunities to expand near-surface resources through low-cost follow-up drilling, with multiple high-grade intercepts obtained on both the western and eastern sides of Cerro Verde.
CEO Melanie Leighton said the company aims to continue the exploration success achieved in 2025. The March 2026 mineral resource update reached 3.9 million ounces of gold and 26.1 million ounces of silver, with gold and silver resources increasing by 25% and 19%, respectively. Leighton noted that the latest trench results from the Dynasty project highlight the potential to rapidly add more shallow mineralization to the resource inventory, and the company has numerous targets yet to be tested, including resource extension targets and gold, silver, and copper exploration targets.
The latest round of trenching aimed to identify opportunities to expand mineralization and increase oxide resources at Cerro Verde, which hosts approximately 70% of Dynasty's current mineral resources. The strongest reported results include: trench CVT25-048 returning 5.1 g/t gold and 3.9 g/t silver over 6.1 meters; CVT25-052 returning 3.8 g/t gold and 6.1 g/t silver over 3.7 meters; CVC25-173 returning 3.9 g/t gold and 21.9 g/t silver over 3.5 meters; CVT25-033 returning 12.6 g/t gold and 42.7 g/t silver over 1.6 meters; and CVT26-056 returning 3.1 g/t gold and 11.6 g/t silver over 4.4 meters.
According to Titan, the trench results indicate the current Cerro Verde resource zone extends 400 meters to the west and an additional 150 meters to the east. Follow-up drilling is planned to test the continuity of mineralization at depth and assess its potential contribution to future resource growth. The company believes successful drilling could support the addition of shallow oxide resources within the conceptual open-pit optimization, which is currently being evaluated as part of ongoing development studies.
The resumed drilling program will initially focus on the rapidly growing Brecha-Comanche target, where previous drilling intersected multiple high-grade gold-silver mineralized zones. Significant intercepts from 2025 drilling include: hole CVDD25-173 returning 3.0 g/t gold and 5.6 g/t silver over 38.5 meters, including 11.0 g/t gold over 7.5 meters; CVDD25-186 returning 2.3 g/t gold and 7.1 g/t silver over 31.4 meters; CVDD25-141 returning 2.2 g/t gold and 5.4 g/t silver over 31.6 meters; and CVDD25-122 returning 4.5 g/t gold and 22.1 g/t silver over 13.0 meters. Several of these mineralized zones remain open and will be tested through the current resource extension drilling program, with initial assay results expected within four to six weeks.
This drilling restart comes less than three months after Titan increased Dynasty's resources by 25% to 3.9 million ounces of gold and 26.1 million ounces of silver, with growth primarily driven by Cerro Verde. Concurrent with exploration, the company is advancing a preliminary study for the project through independent mining consultancy Orelogy, encompassing mine planning, open-pit optimization, and engineering design. The study is expected to be completed by the end of the third quarter or early fourth quarter of 2026. Leighton said the company expects a steady stream of exploration results while advancing development studies, with the preliminary study results expected to provide a strategic framework for subsequent feasibility studies and resource growth and conversion drilling programs.
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