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Terrain Minerals Ltd.
Summary
| Project: | Great Western | |
|---|---|---|
| Deposit: | Great Western | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-1-2017: Terrain Minerals Ltd. announces an Exploration/Drilling Update report for its Great Western deposit at the Great Western project. Drilling results incl. 3m @ 26.6g/t Au from 8m. Terrain Minerals Limited (ASX: TMX) is very pleased to announce th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: G. Purcel (Not stated) | |
| ABSTRACT: | Terrain Minerals Limited (ASX: TMX) is very pleased to announce these exceptional drilling results from the December 2016 Great Western - Stage 1 drilling campaign comprising of 18 RC holes for 1,308 metres. Refer to Diagram 1 and Table 1. This program has achieved both desired outcomes and returned wider intersections and higher grade than expected in many holes. Firstly; Infill drilling at the eastern end aimed at lifting the majority of the 42% of the JORC 2012 resource in this location (see ASX release dated 24/08/2015) from Inferred to Indicated status. All holes intersected mineralisation. Secondly; The remaining holes targeted the previously poorly tested shallow mineralised zones in and around historical workings. The above shallower intersections have the potential to improve the grade response in the mineral resource model (when updated) in this location and have a major effect to Great Western’s required start-up capital, with the possibility of bringing forward positive cash flow in the current mining studies. These successful results will now be incorporated into an updated JORC resource model. The updated model will then be incorporated into current ongoing scoping studies. The market will be updated accordingly. A total of 18 RC holes for 1,308m were drilled in December 2016 (for drill hole details see Table 1 and Diagram 1). | |
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