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Terrain Minerals Ltd.
Summary
| Project: | Great Western | |
|---|---|---|
| Deposit: | Great Western | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/31/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 31-10-2016: Terrain Minerals Ltd. announces a Resource Estimation report for its Great Western deposit at the Great Western project. Annual updated mineral resource estimation. In accordance with Listing Rule 5.21, Terrain Minerals Limited (ASX:TMX) (“Ter | |
| Resources: | (Resource, Meas. + Ind. + Inf.): 669000t @ 2.92g/t Au (Open cut and Underground) | |
| CP/QP: | [Resources]: Peter Ball (DataGeo Geological Consultants) | |
| ABSTRACT: | In accordance with Listing Rule 5.21, Terrain Minerals Limited (ASX:TMX) (“Terrain” or the “Company”) announces its annual resource and reserve statement. The following should be read in conjunction with the Company’s Annual Report, released 28 September 2016. 1) The mineral resource estimate for the Great Western Deposit has been completed and reported in accordance with the JORC 2012 code by DataGeo Geological Consultants. 2) Refer to announcement made 28 August 2015 for full details of the mineral resource estimate for the Great Western Deposit prospect, including the Table above. Terrain confirms that there hasn’t been any movement in the reported mineral resource for the Company since the release of the resource estimate in August 2015 and the reporting date 30 June 2016. The Company has ensured that the mineral resource estimates quoted above are subject to governance arrangements and internal controls. A summary of these are outlined below. The mineral resource estimate has been prepared using industry standard practices and are reported in accordance with JORC 2012 guidelines. Audit of the estimation of mineral resources is addressed as part of the annual internal audit plan approved by the Board in its capacity as the Audit and Risk Committee. In addition to routine internal audit, the Board monitors the mineral resource status by using consultants for the management review/audit mineral resources on an as-needed basis and the Board approves the final outcome. The mineral resource estimation processes followed internally are well established and are subject to systematic internal and external peer review. Independent technical reviews and audits are undertaken on an as-needs basis as a product of risk assessment. | |
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