Titiminas Silver has initiated a drilling programme at its Madre Sierra Silver mine in the Ricran District of Jauja Province, in the Junín Region of central Peru.
The objective of the programme is to conduct systematic drilling across the Madre Sierra, Madre Sierra Norte and Titiminas Carbonate Replacement Deposit (CRD) target areas, which together make up the company’s mineralised corridor of approximately 5km.
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The collected data is expected to support an initial NI 43-101 mineral resource estimate, targeted for completion in the second (Q2) or third quarter (Q3) of 2027.
The company has launched a 4,000m Packsack underground diamond-drilling programme, to be carried out over 12 months from the existing underground workings at the Madre Sierra mine.
Packsack drilling, a compact and man-portable method, is being used to access various vein structures previously highlighted for high-grade mineralisation.
This phase is running in parallel with a subsequent 15,500m HQ core drilling campaign.
GC Drillers EIRL has been contracted to carry out both phases of the drilling work.
According to earlier company reports, channel sampling in the Madre Sierra Norte zone returned results such as 0.40m at 73.99 ounces per tonne (oz/t) silver, 0.40m at 14.53% copper and 0.40m at 18.92 grams per tonne gold.
In the Titiminas CRD area, channel sampling identified 8.20m at 7.69oz/t silver, 10.18% lead and 18.46% zinc.
Results from both drilling phases, alongside metallurgical testwork and basic engineering studies, are intended to inform a preliminary economic assessment and a final investment decision. Both are targeted for completion in Q4 2027.
Titiminas Silver chairman and CEO Luis Goyzueta said: “The start of drilling at Madre Sierra marks a defining milestone for Titiminas. We have two programmes running simultaneously: a 4,000m Packsack programme within the existing underground workings and a 15,500m HQ core drill programme that will systematically test our three target zones.
“Together, they are designed to deliver a maiden resource estimate and put us firmly on the path to a final investment decision by the end of 2027. We have the right contractor, the right community relationships and a multi-target mineral system.”
