TERRAIN MINERALS LIM

TMX
Delayed Quote. Delayed  - 01/27 06:09:15 pm
0.009AUD +12.50%

Terrain Minerals : New Geological Interpretation and Exploration Update Smokebush Gold Project

09/14/2021 | 11:10am

Terrain Minerals Limited (ASX: TMX) (Terrain) has completed a new internal Geological Interpretation and drill planning at the Smokebush Gold Project.

Smokebush is located at Mt Mulgine, approximately 85 kilometres east northeast of the Perenjori township and 65 kilometres west of Paynes Find within the Yalgoo Mineral Field.

New Geological Interpretation at Monza

The Monza area of the project is still at a comparatively early stage of exploration. The drilling campaign conducted by Terrain in October 2020, confirmed the results from historic drilling and expanded known mineralisation down dip and along strike. In this drilling campaign, the northern most line of drillholes, intersected the hanging wall and the mineralised structure sat to the east of the drillholes. In the follow up drilling campaign which commenced in April 2021 (Refer to results page 7), Terrains geological team repositioned and reoriented the target and consequently picked up the mineralisation again, adding a further 400m to the now 700m long mineralised zone.

The Monza structure appears structurally complex, with sigmoidal trend and variation in orientation, thickness and fabric intensity. At the northern end, drilling appears to have identified a new mineralised zone 'Monza North' which may be separate from Monza and on a different orientation. Terrain's geological team is planning next stages of exploration, including more field work to define and possibly conduct a regional drill program over Monza North, Wildflower and Hurley.

Monza RC Drill Planning

Mineralisation at Monza, sits within a N-S trending moderately steeply east dipping zone of foliationalteration-sulphides (pyrite-arsenopyrite). This zone has a strike extent of 280m and contains approximately 120kT of mineralised material (assuming S.G of 2.6).

Regional Drill Planning

Terrain Minerals have planned a regional program of 3000m of AC drilling to test gold mineralisation within regional prospects of the Smokebush Project. Target include T17, Wildflower and T16 West. Multi element work on 121 samples from the recent RC drilling at Smokebush has identified a moderate correlation between gold and arsenic values. T16 West is a large untested arsenic anomaly (+141ppm As) that sits within E 59/2234. This arsenic anomaly coincides with a smaller +20ppb Au gold anomaly from historic soil sampling. A single AC line is proposed to attempt to locate the basement source of the coincident As/Au anomaly (T16 West).

Project Summary & Historic Results.

Terrain Minerals have been aggressively exploring the Smokebush project since entering into a farm-in agreement in December 2019. This has involved numerous phases of ground exploration (field mapping, ground magnetics, chip and soil sampling) followed up with two successful RC drilling programs.

Contact:

Justin Virgin

Tel: +61 8 9381 5558

Email: terrain@terrainminerals.com.au

ABOUT TERRAIN MINERALS LIMITED

Terrain Minerals Limited (ASX:TMX) is a minerals exploration company with a Western Australian based asset portfolio consisting of: Investments: As of the date of this announcement Terrain held 2 million Red 5 Limited shares (ASX: RED) from the GW sale. Issued at 19c - value at 22c = $440,000 AUD.

Smokebush - WA gold exploration Project JV (80% TMX) - Terrain has identified multiple drill targets along with several other prospective areas. Terrain executed its highly successful maiden RC drill program in August 2020, following up on historic drilling. The second phase of drilling has extended minerals a further 400m to 700m long and a has also identified a new zone Monza Norths that appears to be on a different orientation.

(C) 2021 Electronic News Publishing, source ENP Newswire

© Acquiremedia 2022
Copier lien
All news about TERRAIN MINERALS LIMITED
09/22
09/14
09/13
09/12
07/19