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Titan Minerals (ASX:TTM) confirms new vein system at Papayal prospect

Titan Minerals provides update on resource growth drilling


Titan Minerals Limited (ASX:TTM) has provided an update on the Company's 100% held Dynasty Gold Project in southern Ecuador. The resource growth drilling at the Cerro Verde prospect is now complete, with 9 diamond holes for 970 metres, while drilling at the Papayal prospect is underway, with 4 diamond holes for 394 metres completed and a further 9 holes for 1,005 metres remaining. The recent discovery of the substantial 'Julia' vein system at the Papayal prospect has been confirmed by drilling, with two holes intersecting wide zones of epithermal vein hosted mineralisation from shallow depths.

Executive Commentary on 'Julia' vein system


We are excited to have drill confirmed 'Julia'- a substantial new gold vein system, discovered by Titan through recent surface mapping and geochemistry at the Papayal prospect. Discovery of this vein system has been made possible by the strong relationship established with the Papayal community, who have granted access, and are assisting with exploration work programs, enabling Titan to undertake drilling and realize Papayal's full potential. The Julia vein system is the first of many that are set to be discovered and drill tested in the Company's efforts to grow the already established 3.1Moz gold and 22Moz silver resource at the Dynasty Gold Project.

Summary of Titan Minerals' ASX announcement


Titan Minerals has confirmed the discovery of a substantial new gold vein system, 'Julia', at the Papayal prospect through recent surface mapping and geochemistry. The initial drilling at Papayal has successfully intersected wide zones of mineralisation in quartz + carbonate + base metal veins with halos of phyllic-argillic alteration from shallow depths. The Company's resource growth drilling campaign is expected to be completed in Q1 2024, with a resource update to follow in Q2 2024. Assays from drilling at Cerro Verde and the first holes from Papayal are expected to be returned in the coming 2-3 weeks. The Dynasty Gold Project, with its extensive zone of epithermal veining and considerable potential for porphyry gold, silver, and copper mineralisation, represents a significant opportunity for Titan Minerals' future growth and feasibility studies.

Sourcehttps://announcements.asx.com.au/asxpdf/20231123/pdf/05xpm9jtr9b1mb.pdf

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