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Terrain Minerals Ltd.
Summary
| Project: | Red Mulga | |
|---|---|---|
| Deposit: | Red Mulga | |
| Location: | Australia | |
| Commodities: | Copper-Zinc-Gold | |
| Date: | 9/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-9-2018: Terrain Minerals Ltd. announces an Exploration/Drilling Update report for its Red Mulga deposit at the Red Mulga project. Drilling results incl. 1m @ 98ppb Au, 7400ppm Cu, 116ppm Zn from 53m. Terrain Minerals Limited (ASX: TMX) is pleased to an | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Russell (R. Russell and Associates) | |
| ABSTRACT: | Terrain Minerals Limited (ASX: TMX) is pleased to announce the results from the first ever drilling program at its 100% owned Red Mulga (early stage) exploration project. The project is located ~180km NNE of the town of Geraldton and ~150km North of the town of Mullewa. The Red Mulga project area has never been drilled and received little exploration attention in the past. These results are considered to be the first positive indications of mineralisation in the area. The information gained from this drill programme will be further analysed and is contributing to the existing knowledge base. Terrain will continue to advance this early stage project forward. Assay data obtained from the recent drilling at the Red Mulga project provides the following: EPITHERMAL Northern Vein hole RMRC 002: Positive Results were obtained from the northeast epithermal quartz veins tested which are found to be enclosed within a mafic schist. In RMRC 002, two main zones of shear of 6m and 4m in downhole width within the mafic unit are mineralised. Anomalous levels of copper and gold mineralisation were encountered including 1m from 53m to 54m with 98ppb gold and 0.75% copper in the upper shear zone. In the lower shear zone between 87m and 89m, copper assayed 0.28% and gold over 50ppb while elevated levels of lead, lithium and uranium were present. | |
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