HIGHLIGHTS
Wild-viper -
Wild-viper RC drilling 5 holes for 560 meters
SPL application withdrawn after strong defence by Terrain
Smokebush -
Monza RC drilling 11 holes for 893 meters
T13 - 1 RC hole for 88 meters
Additional samples now being analysed
Corporate Update
Ongoing Project Generation & Review Studies
Annual Report Finalised & Released
Terrain held 3.5 million
RC & Air-core drill program completed - Result Pending
Wilson Patch RC (Newly acquired), 7 holes for 605 meters
Wild-viper RC, 5 holes for 560 meters
SPL application withdrawn after strong defence by Terrain
Last Quarter Terrain secured the mineral rights over the tenement know as
Terrain has now completed its first pass of the maiden drilling program. Four lines/fences of RC drilling, the fences were widely spaced 480m to 500m apart. The drill fences where not drilled top to tail so there were up to 35 to 40 meter gaps between drill lines. This is a very wildly spaced first pass program designed to secure valuable geological information and assist with future exploration and more precise drill targeting, as there is no drilling over this area. A small first pass Air core program was also conducted over the Black Cat south area to the north of the tenement.
The first drilling program commenced and unfortunately halted on day 3 due to mechanical issues, and a a new contractor was secured, and the program was completed several weeks later after the drilling at Smokebush gold exploration project was completed. The board is pleased to announce that the whole program was executed safely and professionally with no safety incidents being recorded. The results are currently being assessed and the market will be notified in due course.
SPL Application at Wild-viper
SPL application applied for by one of the neighbouring tenement holders, this application was strongly opposed by Terrain and its legal team. The strong defence resulted in the application being withdrawn.
About
The 100% owned Gold exploration project is located 68 km north of Leonora and adjacent to the
About
Terrain has the right to earn up to 80% of the Smokebush tenements via expenditure of
Contact:
Tel: +61 8 9381 5558
Email: terrain@terrainminerals.com.au
ABOUT
Smokebush - WA gold exploration Project 100% owned - Terrain has identified multiple drill targets along with several other prospective areas that require additional work. Terrain executed its maiden 981m RC drill program at Smokebush, that followed up on historic drilling which Terrain believes failed to comprehensibly test these targets. Results are pending.
Project Review -
Due to the COVID-19 Situation - Terrain has been concentrating on WA based opportunities, due to the current travel restrictions that are in place. The board will continue to monitor advice from the relevant authorities (WHO and Australian Government) about the virus and the factors effecting the health and safety of all Terrain's stake holders, as well as the current WA travel restrictions.
Disclaimer
Information included in this release constitutes forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as 'may', 'will', 'expect', 'intend', 'plan', 'estimate', 'anticipate', 'continue' and 'guidance' or other similar words, and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the company's actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate environmental conditions including extreme weather conditions, staffing and litigation
Forward looking statements are based on the company and its management's assumptions made in good faith relating to the financial, market, regulatory and other relevant environments that exist and effect the company's business operations in the future. Readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements are only current and relevant for the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward-looking statements or advise of any change in events, conditions or circumstances on which such statement is based.
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