Titan Minerals confirms substantial new gold vein system

(via NewsDirect)

Titan Minerals Ltd (ASX:TTM) CEO Melanie Leighton tells Proactive the company has confirmed a substantial new gold vein system at Papayal Prospect within the Dynasty Gold Project in southern Ecuador. The ‘Julia’ vein system, discovered by the company’s mapping and surface geochemistry program at Papayal, was confirmed by drilling with two holes intersecting wide zones of epithermal vein-hosted mineralisation from shallow depths. Papayal resource growth drilling is underway with four diamond holes for 394 metres completed and a further nine holes for 1,005 metres remaining of the initial resource drilling program.

“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 realise Papayal’s full potential,” Leighton said.

“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 3.1-million-ounce gold and 22-million-ounce silver resource at the Dynasty Gold Project.”

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