Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Titan Minerals (TTM) has provided an operational update regarding its exploration activities for the Dynasty Gold Project in Ecuador
  • The company says over 50 per cent of the near 12,000-metre diamond drilling campaign is now complete
  • The remaining part of the drill program is taking place to the north-east of Iguana at the Papayal Prospect
  • Meanwhile, Titan believes delays accessing sites in the area are due to legacy issues that have left locals cynical of mining companies in the region
  • Titan is up 9.09 per cent to 12 cents

Titan Minerals (TTM) has provided an operational update regarding its exploration activities at the Dynasty Gold Project in Ecuador.

Drilling activities have resumed following a two-week hiatus during the Christmas holiday period.

Titan says over 50 per cent of a near 12,000-metre diamond drilling campaign is now complete, including all drilling at the Iguana prospect. Samples from Iguana have now been submitted for analysis.

Along with this, re-sampling (to a JORC-compliant standard) of diamond drill core recovered from Iguana in 2019, is all wrapped-up, with samples lodged for assay.

The remaining part of the drill program is taking place to the northeast of Iguana at the Papayal Prospect.

Appeasing the locals

Titan says it is committed to establishing a sustainable working relationship with the communities around the dynasty Gold Project. The company believes delays accessing sites in the area are due to legacy issues that have left locals cynical of mining companies in the region.

Discussions with the community for access to a third prospect at the project, Cerro Verde, are progressing but not finalised.

The TTM share price has responded well since the COVID-induced meltdown in March. Having hit a low of 3 cents, the company rocketed to 17.2 cents by August. Shares have been moving in a sideways pattern for the last four months.

Titan is up 9.09 per cent to 12 cents at 2:42 pm AEDT.

TTM by the numbers
More From The Market Herald
St George Mining (ASX:SGQ) - Executive Chairman, John Prineas (centre)

" St George Mining (ASX:SGQ) highlights new target in seismic survey

St George Mining (SGQ) has identified a large target at the Mt Alexander project in Western Australia’s Goldfields region.

" Minotaur Exploration (ASX:MEP) starts joint venture with OZ Minerals (ASX:OZL)

Minotaur Exploration (MEP) and OZ Minerals (OZL) have established a farm-in joint venture over Minotaur’s exploration tenement group at the Peake and Denison

" Great Boulder Resources (ASX:GBR) defines more gold at Mulga Bill

Great Boulder Resources (GBR) has received the remaining assays from reverse circulation drilling at the Mulga Bill prospect within the Side Well Gold

" Sayona Mining (ASX:SYA) could potential expand Authier with new results

Sayona Mining (SYA) has completed a new drilling program at its Authier Lithium Project in Québec.