TMX 0.00% 0.3¢ terrain minerals limited

Ann: Strategic Acquisition, page-8

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  1. 667 Posts.
    lightbulb Created with Sketch. 9
    WOW! And i thought i was getting a bargain scooping them up at at .005

    Not sure if it has been covered here already however a snippet below from the quarterly piqued my interest.......

    Additional Information – Great Western
    Note: Further confirmation work required: Terrain has recently found out from a previous owner of GW that the old underground was mined using a process that back filled the old stopes to gain access to the ore above. This fill was battery sands. The battery sands came from GW and other deposits and were treated at a battery located on site. Previously, he had sampled the hang walls and battery sands along the first two underground levels, but were unable to access the other lower levels. The samples were tested at the Kalgoorlie school of mines and returned an average grade from the battery sands of 4.0g/t au and that the hang walls also contained mineralisation. It was estimated that around 20,000 tonnes of material could be contained on these levels (this number loosely corresponds with the historic mining records). Terrain is now trying to locate this data and will look at what additional work is required to validate this information. This could present a real bonus for Terrain adding valuable ounces to a mining operation.

    Article of interest from August in relation to the above attaches a potential dollar value
    ---> Unexpected windfall for Terrain

    Could be a nice little bonus on top of current confirmed resource + expressions of interest + plants nearby + approx $1M cash + 2 other projects. .....What's our market cap again?




    GLTAH
 
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