- Terrain Minerals (TMX) has finished analysing results taken from a ground-based geophysics program at the Smokebush Gold Project in WA
- Throughout December last year, the company undertook ground-based geophysics across the Monza, Wildflower and Paradise City prospects
- Work identified gold anomalies, subdued magnetic features and a stratigraphic anomaly
- Based on the results, Terrain has submitted a program of works application to the Department of Mines to undertake a maiden drilling program at the Wildflower and Paradise City prospects
- Terrain has ended the day in the grey with shares trading at 0.9 cents
Terrain Minerals (TMX) has finished analysing results taken from a ground-based geophysics program at the Smokebush Gold Project in WA.
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.
Throughout December last year, ground-based geophysics were undertaken across the Monza, Wildflower and Paradise City prospects.
Mapping was also undertaken which identified several new areas that require follow-up work.
Monza
Work at the Monza Prospect identified a subdued north-south trending magnetic feature with geologists identifying an 800-metre corridor of potential gold mineralisation along the northern extension.
Future drilling programs will look to extend the known mineralisation to the north and down dip.
Wildflower
Data from Wildflower revealed a broad indistinct anomaly that roughly coincides with elevated gold in soil mineralisation.
Paradise City
Data from the Paradise City Prospect revealed a stratigraphic anomaly with known gold mineralisation between differing magnetic stratigraphy.
Geologists have also identified a 600-metre-long expression of potentially anomalous gold mineralisation.
Terrain has submitted a program of works application to the Department of Mines to undertake a maiden drilling program at the Wildflower and Paradise City prospects.
Updates will be made when permitting is received and when drilling begins.
Terrain has ended the day in the grey with shares trading at 0.9 cents in a $6.62 million market cap.