TMX 16.7% 0.4¢ terrain minerals limited

More details of announcement for Terrain Minerals todayCurrently...

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    More details of announcement for Terrain Minerals today
    Currently trading at 18.5c Total Class Issue: 67,478,304 shares

    HIGHLIGHTS
    • Resource definition drilling commenced at the Great Western deposit; with
    a number of attractive RC drill intercepts confirming the significance of
    other exciting intercepts achieved earlier in the year. The new intercepts
    include:
    GWRC 092: 4m @ 5.83g/t gold (76 – 80m)
    GWRC 094: 4m @ 26.20g/t gold (60 – 64m)
    GWRC 095: 4m @ 6.77g/t gold (67 – 71m)
    GWRC 097: 2m @ 6.80g/t gold (61 – 63m); and
    10m @ 11.63g/t gold (78 – 88m)
    • The known Great Western deposit extends over a strike length of ~300m
    and to a depth of 150m. The zone of multiple quartz veins remains open
    along strike, down dip and down plunge.
    • The drilling is the start of a 3 to 4 month RC and Diamond resource
    definition drilling program at the Great Western and Wonder North
    prospects. The drilling will update the existing Great Western resource to
    JORC compliance. At Wonder North drilling outside the established
    resource (1.98mt @ 2.13g/t gold (136,500 oz)),over the last year has
    extended the strike length of the deposit from ~300m to ~500m and the
    program will enable additional resources to be added to the inventory.
    • The objective of the resource definition drilling program is to increase the
    Bundarra resource inventory to 500,000 oz by the end of the financial year;
    prior to evaluating in more detail the various development options
    currently being considered."
 
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0.4¢
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0.4¢ 0.4¢ 0.4¢ $455 130K

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