Titan Minerals Extends High-Grade Gold Zone 350m Deep Outside Dynasty Resource
Key Takeaways
- Extensional hole CVDD25-158 returned 16.0m @ 2.8 g/t Au, 9.1 g/t Ag from 433.9m, confirming a 30m lateral extension to Brecha-Comanche mineralisation that sits entirely outside the current resource boundary.
- Infill drilling at Cerro Verde is converting Inferred resources to Indicated — a prerequisite for the Pre-feasibility Study and Ore Reserve that underpin any mining decision — with multiple holes returning grades above 2.5 g/t Au across widths of 12–22 metres.
- Results are pending for 17 diamond holes representing approximately 4,600m of drilling, with a fourth diamond rig and an RC rig commencing in October creating a news-rich pipeline over the next 3–4 months.
- The Dynasty MRE update and Scoping Study are both targeted for Q1 2027, with the current resource standing at 3.90Moz gold and 26.10Moz silver across 65.55Mt.
- Four high-conviction growth targets are actively being drilled at Cerro Verde, including the 1.6km x 800m Brecha-Comanche structural corridor where a previous hole returned 33.5m @ 6.6 g/t Au, 55.5 g/t Ag.
Titan Minerals extends high-grade gold-silver mineralisation at Dynasty’s Brecha-Comanche
New extensional drilling at Titan Minerals (ASX: TTM) has confirmed a 30m lateral extension to a zone of gold-silver mineralisation at the Brecha-Comanche target within the Dynasty Gold Project in southern Ecuador. The latest hole, CVDD25-158, returned 16.0m @ 2.8 g/t Au, 9.1 g/t Ag from 433.9m, extending the zone first discovered by CVDD25-186, which had returned 31.4m @ 2.3 g/t Au, 7.1 g/t Ag from 375.7m.
Critically, this new intercept sits outside the current resource boundary. The discovery zone first identified by CVDD25-186 sits approximately 350m below surface in an area never previously tested.
The initial high-grade gold discovery at Dynasty established Brecha-Comanche as a structurally controlled zone with genuine scale potential, with that foundational intercept now being systematically followed up through the current extensional and infill programs.
CEO Melanie Leighton
“We are excited to be delivering more significant results from our drilling, confirming the quality and predictability of the Dynasty orebody. We have results pending for 17 diamond holes for ~4,600m, as part of our resource growth and conversion drilling programs, while in parallel we also continue to advance the Scoping Studies.”
“We are confident that our drilling programs have the potential to materially enhance the Dynasty MRE, with drilling being focused on the Cerro Verde deposit, which already boasts 2.7Moz gold and 16.2Moz silver.”
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Strong infill results across Brecha-Comanche confirm orebody predictability
Alongside extensional work, resource infill diamond drilling is delivering broad mineralised zones that will directly support resource categorisation upgrades. Specifically, infill holes are designed to tighten drill spacing to levels that allow Inferred resources to be reclassified as Indicated, which is required before a Pre-feasibility Study and Ore Reserve can be established.
Key infill intercepts — CVDD26-205 and CVDD24-121
The following headline significant results were reported from the infill program:
- CVDD26-205: 19.7m @ 2.6 g/t Au, 14.0 g/t Ag from 253.3m
- CVDD26-205: 5.5m @ 2.2 g/t Au, 11.6 g/t Ag from 298.1m
- CVDD26-205: 22.1m @ 2.5 g/t Au, 5.9 g/t Ag from 324.6m
- CVDD24-121: 12.5m @ 2.8 g/t Au, 28.4 g/t Ag from 337.2m
| Hole ID | From (m) | Width (m) | Au (g/t) | Ag (g/t) |
|---|---|---|---|---|
| CVDD26-205 | 253.3 | 19.7 | 2.6 | 14.0 |
| CVDD26-205 | 298.1 | 5.5 | 2.2 | 11.6 |
| CVDD26-205 | 324.6 | 22.1 | 2.5 | 5.9 |
| CVDD25-158 | 433.9 | 16.0 | 2.8 | 9.1 |
| CVDD24-121 | 337.2 | 12.5 | 2.8 | 28.4 |
The announcement notes that CVDD26-205 was specifically designed to test mineralisation continuity at a reduced drill spacing, with results confirming the geological interpretation and adding assay and geological data that will refine resource estimation. CVDD24-121 was a re-entry hole targeting 40m spacing to support Indicated categorisation and validate the geological model.
High-grade results expanding the Dynasty resource have consistently confirmed that the Cerro Verde orebody responds predictably to systematic drilling, with grade distributions across multiple campaigns supporting the geological model used for resource estimation.
What is a Mineral Resource Estimate — and why do these results matter?
A Mineral Resource Estimate (MRE) is an assessment of the quantity and grade of mineralisation in the ground that has reasonable prospects for eventual economic extraction. Resources are classified by confidence level: Inferred means the geology is understood broadly but drill spacing is wide; Indicated means tighter drilling has provided greater confidence in grade and continuity.
The distinction matters because only Indicated resources can feed into a Pre-feasibility Study and ultimately an Ore Reserve, which is the foundation for a mining decision.
Infill drilling converts Inferred to Indicated by reducing drill spacing — essentially filling in the gaps between existing holes so the geological picture becomes clearer and more defensible. Extensional drilling, by contrast, adds entirely new material outside the existing resource boundary, growing the total ounce count.
At Dynasty, the infill program supports categorisation upgrades within the Cerro Verde deposit, while the extensional results at Brecha-Comanche add new ounces outside the current resource. Both types of drilling improve the size and quality of the next MRE update — one deepening confidence, the other expanding the boundary.
Four growth targets and an expanded drill fleet set up a news-rich late 2026
Resource growth targets currently being drilled
Titan has identified four high-conviction resource growth targets within Cerro Verde currently under drilling:
- Brecha-Comanche shear-hosted mineralisation — A newly identified zone within a broad northwest structural corridor extending over approximately 1.6km x 800m. A previous hole, CVDD26-199, returned 33.5m @ 6.6 g/t Au, 55.5 g/t Ag from 236.7m (announced 20 August 2026). Further drilling is underway to test for potential repetitions and lateral extensions to the shear zone.
- Brecha-Comanche waste dump — A approximately 250m x 250m area covered by a roughly 10-metre-thick veneer of waste rock from historic small-scale mining conducted between 2017 and 2019, which the company believes potentially masks Brecha-Comanche mineralisation extensions beneath.
- Kaliman porphyry/vein/shear extensions — Open mineralisation at lithological contact zones, principally at the contact with the diorite porphyry “O” unit, which also sits within the recently recognised northwest structural corridor.
- Major structural intersection points — Areas of structural significance within Cerro Verde that have seen limited shallow drilling to date. The company believes previous drilling is likely not deep enough to intersect the preferred stratigraphic units hosting most of Dynasty’s mineralisation, and plans deeper testing as part of its 2026 exploratory drilling program.
Expanded drill fleet accelerates timeline
Four diamond drill rigs are currently operating at Cerro Verde, with an RC rig (Reverse Circulation, a drilling method that brings rock chips back to surface through the drill rods for rapid sample collection) set to commence in October. Results are pending for 17 diamond holes representing approximately 4,600m of drilling. This expanded fleet is expected to enable faster testing of multiple high-priority growth targets over the coming 3–4 months.
CEO Melanie Leighton
“To accelerate this momentum, we have added a fourth diamond drill rig and will commence operations with an RC rig in October. These additions will enable faster drilling and allow us to evaluate multiple high-priority growth targets over the coming 3-4 months. Given the strong performance of our 2026 drilling program, we now expect to complete the updated MRE, incorporating these drilling results, ahead of the Dynasty Scoping Study, with both expected to be delivered in early 2027.”
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Dynasty MRE update and Scoping Study both targeted for early 2027
The updated MRE is now expected to be delivered ahead of the Dynasty Scoping Study, with both targeted for Q1 2027. The sequencing reflects a deliberate decision to incorporate 2026 drilling results into the MRE first, given that an improved resource has the potential to substantially improve annual mine production targets and overall project economics when the Scoping Study is completed.
Key milestones and current resource position:
- Updated MRE anticipated Q1 2027, incorporating 2026 drilling results
- Dynasty Scoping Study delivery anticipated Q1 2027, following the MRE update
- Current Dynasty MRE (March 2026): 3.90Moz gold, 26.10Moz silver across 65.55Mt at 1.85 g/t Au, 12.38 g/t Ag
- Cerro Verde deposit: 2.70Moz gold, 16.15Moz silver (50.82Mt at 1.66 g/t Au, 9.89 g/t Ag)
- By category: Indicated 17.36Mt @ 2.18 g/t Au (1.21Moz Au); Inferred 48.20Mt @ 1.73 g/t Au (2.68Moz Au)
The current resource base establishes the scale of what is already known at Dynasty. With infill drilling upgrading Inferred material to Indicated and extensional results adding new ounces outside the existing boundary, the updated MRE is expected to reflect a meaningfully improved picture of the project’s resource quality and scale.
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