Terrain Minerals Limited (ASX:TMX) Initiates IP Geophysical Survey
Geophysical Survey Commenced
Terrain Minerals Limited has commenced an induced polarisation (IP) geophysical survey across its 100% owned Wildflower Gold Prospect within the Smokebush tenement package, located 350 kilometres north of Perth, Western Australia. The survey aims to test for zones of increased chargeability beneath areas of known oxide gold mineralisation, with results expected in six to eight weeks.
Drill Program Approval and Targets
The company has secured approval for up to 60 reverse circulation drill holes from the Department of Mines, with multiple target areas identified. Pending results from 22 drill holes, including 19 set for September 2025 release, are anticipated to bolster exploration efforts.
Recent Achievements and Regional Developments
Terrain achieved a successful intersection of 11 metres at 6.03 g/t gold and 43.5 g/t silver from 75 metres downhole at the Lightning & Monza Gold Prospect. Additionally, the proposed acquisition of Warriedar Resources by Capricorn Metals has elevated gold potential across the region.
Executive Comments
Executive Director Justin Virgin stated, “The successful first-pass air-core drilling at the Wildflower Gold Prospect in late 2024 confirmed the presence of shallow oxide gold mineralisation within the target area, with better intersections including 9 metres @ 1.17 grams per tonne gold from 30 metres downhole.”
Virgin added, “The IP survey, which detects the disseminated sulphide minerals associated with, but not bound to, the primary gold mineralisation across Terrain’s tenement package, has proven to be a highly effective tool for enabling companies operating in the region to vector into areas potentially hosting high grade gold.”
He further commented, “This quick and cost-effective survey at Wildflower is aligned to the Company’s stated strategy of seeking to unearth viable discoveries within the Company’s existing portfolio of projects to maximise value from its assets for the financial benefit of its shareholders.”
Virgin also noted, “Terrain’s IP drill targeting has returned: 22m @ 2.71 g/t gold from 105m downhole (hole SBRC074), this hole only targeted the Lightning structure and is part of the outstanding 22 holes pending release the remaining 19 holes are due in September 2025.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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