Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from Terrain Minerals Ltd ( (AU:TMX) ).
Terrain Minerals has completed a four-hole diamond drilling program at its 100%-owned Lightning Gold Project in Western Australia’s Murchison region, securing the final technical data needed for a maiden Mineral Resource Estimate scheduled for July 2026. The work provides oriented structural measurements and bulk density data across key rock types, designed and overseen by the consulting geologist who will sign off on the resource.
Assay results, including a high-grade intercept of 3.4 metres at 4.96 g/t gold from 213.6 metres in hole SBDD002, confirm the continuity of higher-grade zones at depth across the Lightning and Monza structures. With approximately 16,000 metres of drilling now in the database, the program significantly de-risks geological uncertainty, supports the existing geological model, and positions the project to move from exploration to defined resource status, with mineralisation remaining open along strike and at depth and mining studies planned alongside further exploration.
More about Terrain Minerals Ltd
Terrain Minerals Ltd is an Australian gold exploration company listed on the ASX and FSE, focused on advancing its 100%-owned Lightning Gold Project within the Smokebush tenement in Western Australia’s Murchison region. The company’s activities centre on drilling and resource definition to transition its projects from exploration to defined mineral resources, underpinning potential future mining studies and development.
Current Market Cap: A$16.68M
Learn more about TMX stock on TipRanks’ Stock Analysis page.