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- Significant expansion to survey at Smokebush
- Extra four km of dipole-dipole coverage
- Testing targets at Paradise City, T17 and Hurley
- Examining historic gold areas
Terrain Minerals (ASX:TMX) has significantly expanded its exploration activities at the Smokebush project with a further examination of historic gold exposures, electing to extend one of its largest induced polarisation (IP) survey programs at Smokebush by four new lines.
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The new work features an additional four km of dipole-dipole coverage over three targets that carry “genuine historic gold results” at Paradise City, T17, and Hurley.
The explorer’s executive director, Justin Virgin, said this is the same dipole-dipole IP configuration that identified the 600-metre-long Lightning chargeability anomaly in CY23 – a discovery that is now advancing towards a maiden mineral resource estimate (MRE) targeted for around July CY26.
“What excites us the most is that this target area has never previously been tested with modern IP despite sitting within the same structural corridor as Lightning,” Mr Virgin said.
“The geology, structure and regional setting all suggest there is strong potential for additional parallel gold-bearing structures across the broader Smokebush system.”
“The company is also entering a strong period of news flow with Wildflower assays pending, the maiden Lightning mineral resource approaching, and this new IP survey targeting the next generation of drill opportunities.
“We believe Lightning may represent just one of several mineralised structures within the broader Smokebush gold system.”
The proven dipole-dipole technique is expected to provide enhanced subsurface resolution and add a valuable third dimension to the existing dataset across all three target areas.
Historic RC drilling results over the Paradise City prospect include 3m at 2.17 grams per tonne (g/t) gold from 10m, 5m at 1.35 g/t from 13m and 2m at 3.61 g/t.
The primary aim of the IP survey is to target potential repeat Lightning-style gold-bearing structures within largely untested ground covered by a granted mining lease M59/796.
This forms part of the company’s broader strategy of hunting for repeat mineralised structures as it continues to expand exploration over existing targets at the emerging Smokebush gold system, alongside activities of establishing a maiden ‘starter’ MRE at the Lightning project.
“What excites us the most is this target area has never previously been tested with modern IP, despite sitting within the same structural corridor as Lightning. The geology, structure and regional setting all suggest there is strong potential for additional parallel gold-bearing structures across the broader Smokebush system,” Mr Virgin said.
TMX is steady at 0.4¢. Mkt cap $12.99M.
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