Titan Minerals (ASX:TTM) said that drilling at its Dynasty gold project in Ecuador confirmed mineralization and supported the upgrade of resource classification in the area, according to a Wednesday filing with the Australian bourse.
Results yielded 16.6 meters at 3.8 grams per tonne gold equivalent from 118.3 meters, including 3.1 meters at 4.9 grams per tonne gold equivalent, the filing said.
The company expects new and substantial areas of bulk mineralisation to be added to the resource update in the first quarter of 2026, the filing added.
It believes that the upcoming mineral resource estimate will help with the detailed feasibility studies for the project, the company said.
Shares of the company rose past 3% at market close and earlier hit a 52-week high.
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