Terrain Minerals Limited (ASX: TMX) Commences Drilling at Lort River Project
Drilling Campaign Initiated
Terrain Minerals Limited (ASX: TMX) has commenced a reverse circulation (RC) drilling campaign at the 100% owned Lort River Project, situated 50km northwest of Esperance, Western Australia. This initiative follows the completion of a ground-based moving loop electromagnetic (MLEM) survey in December 2024 and aims to systematically assess priority targets within the region.
Target Details
The drilling campaign focuses on high-priority Vtem bedrock sulphide conductor targets, specifically targeting conductors LRT-01 and LRT-02. Both targets are located in the mineralised belt associated with IGO’s Nova-Bollinger nickel-copper operations. The drilling programme includes an immediate downhole EM survey on the first hole at each target. Terrain will provide market updates once all drill results are analysed and reported, with results anticipated in early March 2025.
Executive Comments
Justin Virgin, Executive Director of Terrain Minerals, stated, “This is an exciting time for the Company and its shareholders, as drilling begins to test these exciting targets that are potentially of very high value.” He emphasised the belief that Terrain Minerals is at the forefront of exploring for new deposits akin to the Nova-Bollinger style within the Albany-Fraser Belt.
Exploration Update
Terrain also updated on other exploration activities, including the Wildflower Gold Project, where Stage 1 drilling is completed, and results are pending by late February 2025. Stage 2 drilling at Wildflower is scheduled to commence after the Lort River campaign, aiming to explore additional new targets based on recent findings.
The drilling efforts at Lort River highlight Terrain Minerals’ strategic approach to rigorous exploration and its commitment to revealing the potential of its assets within a renowned mineral-rich region.
Motley Fool contributor Abbie Stokes 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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