Terrain Minerals Ltd ( (AU:TMX) ) has provided an announcement.
Terrain Minerals Limited has announced the discovery of a new shallow high-grade gold and silver zone at its Monza Gold Prospect in Western Australia. The successful drilling campaign, utilizing a new induced polarisation model, has revealed promising mineralisation at the Lightning structure, prompting a follow-up drilling program. The company has also submitted a mining lease application and plans to commence metallurgical test work in May 2025. These developments mark significant progress towards establishing a JORC-compliant resource and advancing towards production, potentially enhancing Terrain’s position in the mining sector.
More about Terrain Minerals Ltd
Terrain Minerals Limited 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 activities in Western Australia, with a particular emphasis on its Monza Gold Prospect.
Current Market Cap: A$6.01M
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