New Area Of Mineralisation Discovered
Terrain Minerals Limited (ASX: TMX) has unveiled good results from recent drilling at the Smokebush Gold Project.
A total of 16 RC holes were completed for 2,079m with four areas being tested. First Pass Drilling over Monza (80% TMX) has successfully extended the strike of gold mineralisation by a further 400m to define 700m of mineralised strike extent within Tenement P59/2128.
A New Area of offset mineralised gold structure that is open along strike and down dip, Monza North, through drilling.
Monza North appears to be separate from Monza and is open along strike and down dip. Terrain geological team is now re-examining its model over this area and are excited by its potential, which includes the potential for other off set structures in the Monza north area.
In addition, logging confirms that the programmes design and targeting assumptions look to be correct which confirms Terrain’s strategy of identifying targets by using technical based staged exploration techniques. Terrain’s geological team has used extensive mapping and ground-based geophysics as part of this process at Smokebush.
The last phase of exploration drill programme has defined exciting new zones of gold mineralisation over a broad spatial area at Monza, Monza North and Paradise City.
The next stage of exploration is now being investigated to better understand, test and target the interpreted extensional zones down dip, along trend at both Monza, Monza north, and along trend at Paradise City.
A reconnaissance air core program has also been planned for testing regional mineralisation within the broader tenement package and may also be considered over these new areas.
Monza North – New Area Monza north is a newly discovered mineralised zone on a NW-SE trending, shallowly dipping structural zone (shear and vein).
Meanwhile, at Paradise City, the historic mineralisation was extended a further 50m East intersecting 1.0m at 1.18 g/t Au from 14m SBRC025 in this very shallow hole, which possibly skimmed the top of the system. The significant intercept (>0.5 g/t) within SBRC025 occurs within a broader anomalous (> 0.1 g/t) border anomalous zone of 20m.
The aim of drilling at Paradise City was to gain a better understanding of the potential scale of mineralisation in the area around the historic drilling. Terrain geological team will continue to remodel the area to gain a better understanding of the potential strike extent.
For further information please visit: http://terrainminerals.com.au/
