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Terrain Minerals (ASX:TMX) has started diamond drilling at its Lightning gold and silver prospect within the Smokebush project in Western Australia, with the aim of supporting the creation of an MRE through mid-CY26.
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Four diamond holes are currently planned at the Lightning discovery, to examine critical density and geological data to support resource estimation.
Meanwhile, Terrain will also be undertaking a 21-hole RC drilling program of approximately 4,500 metres at Lightning, which is scheduled for completion early next week. So too at the nearby Wildflower prospect; that 13-hole, 2,300-metre drilling program will test three priority IP targets under gold in soil anomalies.
The Wildflower targets show strong geological similarities to the Lightning discovery, supporting discovery potential, Terrain told shareholders today.
The progression of Smokebush has benefited from the recent granting of a mining lease covering the Lightning tenement in early December CY25.
Terrain’s executive director, Justin Virgin, said today the diamond drilling program represents an important step in progressing Lightning toward a maiden MRE, with RC drilling continuing to test mineralisation growth (boundaries) at Lightning and new discovery potential at Wildflower.
TMX has been steady at 0.5c, with a market cap of $8.06 million.
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