TTM restarts drilling for gold and silver at Dynasty
Our gold, silver & copper Investment Titan Minerals (ASX: TTM) put out an exploration update for its Dynasty gold and silver project.
The drilling program has restarted as of Monday 6 January, with three drill rigs on site to start drilling on 20 January, 4,600m of 10,000m completed and assays now due “in the coming weeks”.
Assays from surface trenching are also awaited.
We are keen to see the results from these assays, particularly after TTM found veins hosting potential mineralisation in the process of setting up its drill rig at the start of the 10,000m program:

TTM starts drilling, finds veins setting up drill rig?
So far, TTM has been focussing on the Cerro Verde, Iguana, and Iguana East prospects with 20 diamond holes already completed.
TTM has a LOT of targets to drill at this project in Ecuador - the scope of the project has grown significantly over the last 12 months as can be seen in the below image:

Today’s TTM drilling update comes after TTM secured a nice chunky raise of $20M which was completed earlier in December, which sees TTM very well funded to aggressively drill out what we hope will be a series of impressive resource upgrades at its Dynasty gold and silver project in Ecuador.
We covered what we are looking for in this current round of drilling in our latest TTM note which can be read by clicking on the link below:

TTM: 3 million ounces of gold now
How does this impact our TTM Investment Memo?
Today’s exploration update means TTM is well on its way to achieving objective #1 from our TTM Investment Memo:
Objective #1: Upgrade Mineral Resource Estimate at Dynasty
We want to see TTM grow its existing 3.1M ounce gold and 22M ounce silver JORC resource at its Dynasty project.
Source: 29 May 2024 TTM Investment Memo
What’s next for TTM?
- Drilling results from the Dynasty gold project 🔄
- Drilling results from the Linderos Copper project (funded by Hanrine/Gina JV) 🔄
- Resource upgrade/update at Dynasty 🔲