- Terrain Minerals (TMX) has identified high-grade rock chips at the Smokebush Gold Project in Western Australia
- Rock chip results include 3.41g/t, 7.09g/t and 100g/t gold
- These results outline the potential for a further 500 metres of untested strike along trend from Terrain’s current drilling program
- Terrain is conducting nearly 1000 metres of reverse circulation drilling over the project
- This marks its first drilling program at Smokebush since it entered a farm-in agreement last year to earn an 80 per cent interest in the project
- Company shares are up 16.7 per cent, trading for 1.4 cents
Terrain Minerals (TMX) has identified high-grade rock chips at the Smokebush Gold Project in Western Australia.
These rock chips were identified from samples taken during a 980-metre reverse circulation (RC) drilling program.
Rock chip results include 3.41g/t gold, 7.09g/t gold and 100g/t gold. These results outline the potential for a further 500 metres of untested strike along trend from Terrain’s current drilling program.
Partial drilling results have been received and this data has been combined with historic drilling data from Monza.
Historical drilling results from Monza include grades of up to 11.3g/t gold and 9.2g/t gold. Additionally, the Hurley and T17 targets returned positive results including gold grading up to 1.4g/t gold and 2.5g/t gold.
The combined data is now being reviewed by Terrain’s geologist.
Late last year, Terrain entered a farm-in agreement with an undisclosed party to earn an 80 per cent interest in the Smokebush project. The main condition was to spending $250,000 exploration within two years.
Company shares are up 16.7 per cent, trading for 1.4 cents at 2:45 pm AEDT.