PriceSensitive

Terrain Minerals (ASX:TMX) begins 2650 metre drill program in WA

Mining
ASX:TMX      MCAP $5.400M
05 November 2020 14:49 (AEDT)

Terrain Minerals (TMX) has commenced a 2650-metre follow-up aircore (AC) drilling program at its Wild-Viper Gold Project in Western Australia.

Wild-Viper lies 68 kilometres north of Leonora, adjacent to the Goldfields Highway and is situated on part of the historic Wilsons Patch mining area which as seen limited modern exploration.

The aim of this drilling program is to follow-up on results from August drilling that identified new areas of mineralisation.

The most significant intercepts from this drilling were found in hole WVRC017, where a broad anomalous zone of 10 metres at 0.46g/t gold from 93 metres was identified.

This August drilling program focused on two target areas with work at target 1 centred on testing mineralised extensions along a large untested zone.

Drilling at target 2 followed-up on recent soil sampling finds which returned elevated gold levels.

Smokebush Gold

The company has updated the market regarding its Smokebush Gold Project after receiving results from the maiden reverse circulation (RC) drilling program.

Smokebush lies roughly 85 kilometres east-northeast of the Perenjori township and 65 kilometres west of Paynes Find within the Yalgoo Mineral Field in Western Australia.

The business has received results and completed a project review which assisted with the orientation of mineralised zones.

The company is now planning to undertake a thorough mapping study to help identify areas for follow-up drilling. Other methods are also being considered.

Updates will be made as this work progresses.

Terrain has dropped 21.4 per cent and shares are trading for 1.1 cents each at 2:46 pm AEDT.

Related News