TTM - Titan Minerals confirms substantial new gold vein system
(NewsDirect)
Titan Minerals Ltd(ASX:TTM) CEO Melanie Leighton tells Proactive the company hasconfirmed a substantial new gold vein system at Papayal Prospectwithin the Dynasty Gold Project in southern Ecuador. The ‘Julia’vein system, discovered by the company’s mapping and surfacegeochemistry program at Papayal, was confirmed by drilling with twoholes intersecting wide zones of epithermal vein-hosted mineralisationfrom shallow depths. Papayal resource growth drilling is underway withfour diamond holes for 394 metres completed and a further nine holesfor 1,005 metres remaining of the initial resource drillingprogram.
“Discovery of this vein system has been made possible by thestrong relationship established with the Papayal community, who havegranted access and are assisting with exploration work programs,enabling Titan to undertake drilling and realise Papayal’s fullpotential,” Leighton said.
“The Julia vein system is the first of many thatare set to be discovered and drill tested in the company’s effortsto grow the already established 3.1-million-ounce gold and22-million-ounce silver resource at the Dynasty GoldProject.”
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Proactive Investors
JonathanJackson
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