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Terrain Minerals Ltd ( (AU:TMX) ) has provided an update.
Terrain Minerals Ltd has commenced an induced polarisation (IP) geophysical survey at its Wildflower Gold Prospect within the Smokebush tenement in Western Australia. This survey aims to identify zones of increased chargeability, potentially indicating sulphide zones beneath known oxide gold mineralisation. The company has received approval for up to 60 drill holes, with multiple target areas identified. The survey results are expected in 6 to 8 weeks, and the company anticipates a significant uplift in gold potential in the region, supported by recent acquisitions by Capricorn Metals. The survey aligns with Terrain’s strategy to enhance asset value and could indicate substantial gold mineralisation at the Lightning & Monza Gold Prospect.
More about Terrain Minerals Ltd
Terrain Minerals Ltd is a diversified mineral exploration company focused on discovering viable mineral deposits, primarily gold, within its tenement packages in Western Australia. The company employs advanced geophysical techniques to enhance its exploration efforts and maximize asset value for shareholders.
Current Market Cap: A$6.45M
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