Terrain Minerals Limited (ASX: TMX) Commences EM Survey at Lort River
Survey Initiation
Terrain Minerals Limited (ASX: TMX) has begun a ground-based moving loop electromagnetic (MLEM) survey at its Lort River Project in Western Australia. This survey targets four high-priority bedrock sulphide conductors identified during previous airborne electromagnetic (AEM) surveys.
Project Highlights
The survey aims to pinpoint the exact locations and orientations of sulphide conductors that indicate potential nickel-copper mineralisation. This effort builds on Terrain’s previous exploration activities, where AEM surveys revealed mineral-rich zones in the area, analogous to IGO’s Nova-Bollinger operations.
Terrain intends to commence drilling on these EM targets in January 2025, pending survey results.
Executive Comments
Justin Virgin, Executive Director of Terrain Minerals, remarked, “The hunt for the next Nova-style magmatic nickel-copper deposit in the Albany-Fraser Belt is intensifying, and we believe we are at the forefront of this search… The presence of bedrock conductors strongly supports our belief that we’re in the right location for a potential discovery.”
Operational Details
The ground EM survey will be conducted using equipment from Southern Geoscience Consultants. Due to the clear terrain, this method will be fast and efficient. The results from the MLEM survey will help determine the feasibility of future drilling activities.
The Lort River Project spans over 550 square kilometres, showcasing geological features that suggest it may host significant nickel-copper sulphide deposits comparable to existing major discoveries in the region.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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