Terrain Minerals Launches Expansion Drilling at Lightning and Monza Prospects

An update from Terrain Minerals Ltd ( (AU:TMX) ) is now available.

Terrain Minerals Ltd has announced the commencement of an expansion drilling program at its Lightning and Monza Gold Prospects within the Smokebush Project in Western Australia. This program follows the discovery of high-grade gold and silver mineralization and aims to establish an initial Mineral Resource estimate by early to mid-2026. The drilling initiative, which involves 17 holes totaling 3,350 meters, is part of a broader strategy to explore new and existing mineral structures. Concurrently, the company is conducting a rights issue to raise approximately $1.8 million, allowing shareholders to participate in the expansion by purchasing additional shares and options.

More about Terrain Minerals Ltd

Terrain Minerals Ltd is a company operating in the mining industry, focusing on the exploration and development of gold and silver resources. The company is primarily engaged in mineral exploration projects in Western Australia, with a specific market focus on high-grade gold and silver prospects.

Current Market Cap: A$6.68M

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