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  • Titan Minerals (TTM) has provided shareholders with a summary of previous exploration results and upcoming activities for the Dynasty Gold Project in southern Ecuador
  • Results from historical drilling reached as high as 18 grammes per tonne gold
  • Planned activities for Dynasty include extending the mineralisation at width and depth, and increasing the mineralisation within the current resource
  • A six-month aggressive exploration program has been planned that consists of diamond drilling, geochemistry, and magnetic surveys
  • However, due to COVID-19, these can only begin once it is safe to resume work
  • Titan is up 5.33 per cent on the market and shares are trading for 7.9 cents each just before market close

Titan Minerals (TTM) has provided shareholders with a summary of previous exploration results and upcoming activities for the Dynasty Gold Project.

The Dynasty Gold Project is located in the Loja Province of southern Ecuador and it is made up of five tenements totalling an area of 139 square kilometres.

Dynasty currently hosts a 2.1 million ounce gold resource estimate with an average grade of 4.5g/t gold.

Previous results

From 2017 to December 2019, Dynasty was a small scale mine that produced, on average, 17,000 tonnes per month at a grade of 3.46g/t gold.

Small scale mining focused on three gold veins that were identified via small open pits within the Cerro Verde region at Dynasty.

To date, approximately 26,734 metres have been drilled across 201 holes.

Better results from these holes include 2.6 metres at 18g/t gold from 7.25 metres at Papayal, 8.5 metres at 13.9g/t gold from 97 metres, and 12 metres at 5g/t gold from 115 metres at the Iguana Prospect.

Over 2000 rock chips have also been recorded with peak values of 0.6 metres at 647g/t gold and297g/t silver, and 0.8 metres at 73g/t gold with 169g/t silver.

Upcoming activities

Planned activities for Dynasty include extending the mineralisation at width and depth, and increasing the mineralisation within the current resource.

A six-month aggressive exploration program has been planned that consists of 6000 metres of diamond drilling, trench and surface geochemistry, and high-resolution magnetic surveys.

Titan is hoping to update the mineral resource estimate by the fourth quarter of this calendar year.

COVID-19

Titan currently has a team of geologists working at Dynasty but they must abide by Federal and Local travel and curfew restrictions.

However, its drilling campaigns that were expected to begin in May have been delayed due to the impact of the National Emergency put in place arising from COVID-19.

The company will restart drilling and field exploration campaigns as soon as restrictions allow.

Titan is up 5.33 per cent on the market and shares are trading for 7.9 cents each at 3:43 pm AEST.

TTM by the numbers
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