TERRAIN MINERALS LIMITED
New
Recent mapping activities identified a new series of historic shallow workings between the Monza drill area and the northern extension working 500m away that reported rock chip results up to 100g/t Gold, from historic workings (Refer to ASX announcement
Rock Chips Samples (taken from two separate spoil piles along the Monza trend): 0.58 g/t Au, 4.78 g/t Au
The new samples were taken from spoil rock piles adjacent to the shallow workings. These results provide further evidence of gold mineralisation between the two areas and provides further confidence for the recent drilling program (now completed) which was aimed at defining a broad northern extension of gold mineralisation in this area.
RC Drilling Program - Completed Result Pending Terrain successfully executed the follow up drill program at Smokbush gold project consisting of 16 RC holes and 2,079m of drilling. The samples have been sent to the laboratory in several batches and the market will be updated as soon as possible. The testing laboratories are currently experiencing high demand and delays are expected Monza (80% TMX) RC Drilling RC Drilling at Smokebush was completed on
Paradise City (100% TMX) RC Drilling A total of three (3) RC holes have been drilled at Paradise City for 351m. These holes were designed to test the main potential northern extension orientations from mineralisation identified in historic drilling. These are the northern extension, the down plunge extension and the potential eastern extension. The aim of this drilling is to give an idea of the continuity and scale potential of the mineralisation as defined by historic drilling.
Rabbit Warren (100% TMX) RC Drilling - New Target One extra RC hole of 59m was drilled into a new target area which tested a newly identified structure which recently returned a rock chip sample of 0.42 g/t Au. A single unplanned 59m deep RC hole was added at the end of the program to test the newly identified 50m long structure, which appears to extend under cover on both ends and re appear over several locations. Located to the west of Paradise city.
Hurley, T17 & Wildflower (80% TMX) A large air core program has been designed over these two areas and will most likely form the next stage of exploration for the project. Several other targets are also being advanced around areas that have seen little attention.
Ground Geophysics & Mapping Refines Targeting Matrix at
Terrain was pleased with the highly encouraging results received back from the ground-based geophysics program conducted in
All data has been merged with the existing data to create an advanced data base for precise drill targeting. This field trip program also consisted of a very detailed mapping program which extended beyond the key areas. This has identified several new areas that Terrain has followed up on. During the quarter, and on the back of the successful ground based geophysical program, a second follow up program commenced. The data from this second program is now being processed
During the quarter, Terrain also continued with its detailed and systematic mapping campaign, which aims to cover the whole Smokebush area. Close spaced and detailed mapping was carried out over several areas that were highlighted during the
Ground Geophysics Results Ground geophysics was undertaken on 3 selected grids, data was collected with a geometrics 858 magnetometer at 50m line spacing, processed and gridded
Monza Prospect The Monza area (700 by 1,000-meter) was covered by 50m spaced north-south ground magnetic lines. The information will assist with preparation for drilling which will be targeting depth and strike extents, as well as testing new areas along the 800m plus strike.
Paradise City Prospect
Ground Magnetic data over the Paradise City Prospect reveals a stratigraphic anomaly forming a synformal folded feature with known gold mineralisation between contrasting magnetic stratigraphy around the closure of this feature. Terrain geologists have interpreted a 600m long surface expression of potentially anomalous gold associated with the Paradise city prospect. The survey area was 600 by 1200m and was covered 50m spaced east-west ground magnetic lines. Planning is now underway for the maiden drill program which follows up on an exceptional historic first pass RC program (refer ASX announcement
About
In
Terrain geologists conducted a field trip to site this quarter, following up on several new ideas. The geologist conducted detailed mapping over 5 areas which has resulted in a new theory for the area. These ideas are now being investigated further using the existing historic data and the market will be updated on the next stage for exploration over this strategically valuable tenement. The team used a drone as part of the mapping program. These aerial pictures have greatly assisted with gaining a better understand of the local geology. This included the areas adjacent to the new Great Western pit that is currently owned and being excavated by Red5 ltd. The additional layer of data has been useful, and Terrain intends to continue use drone footage going forward. Several rock samples have been submitted for testing, mainly for technical and identification purposes. Results will be releases if the results are relevant to the market.
About
The 100% owned Gold exploration project is Located 68 km north of Leonora and adjacent to the
New Land Areas - Applications
Terrain had applied for and secured several tenements that it considers may provide the company with new opportunities, after conducting filed investigation most of these have been withdrawn. One new area has been applied for near Smokebush, this area is currently subject to a wardens court ballot draw. These new applications fit in with the current strategy of continuing to assess new areas near existing projects.
Project Review
Terrain continues to search and assess potential 'company making' projects including Gold, Copper, Nickel and industrial minerals in
Contact:
Tel: +61 8 9381 5558
Email: terrain@terrainminerals.com.au
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