Terra Metals Limited (ASX: #TM1) (“Terra” or “Company”) is pleased to announce further drilling results from the maiden wide-spaced reconnaissance drill program at its Dante Cu-Au-PGE project (“Dante Project”) in the West Musgrave region of Western Australia, including partial drill results from a further 10 drill holes the Dante Reefs discovery and a further 8 drill holes at the Cronus Prospect.
Samples remain outstanding across mineralised zones for all 10 holes at Reef 1 South, which are expected to extend the reported basal layer and hanging wall mineralised zones in multiple holes.
Managing Director and CEO, Mr Thomas Line, commented: “These results continue to showcase the scale of the Dante Reefs discovery. It’s extremely promising to see the same magmatic copper-PGE sulphide mineralisation already seen at Reef 1 North and Reef 2, at Reef 1 South, 11.2km along strike from the Reef 1 discovery. It is exciting to consider the scale and potential of other outcropping reefs and other interpreted under cover reefs across the Project which remain undrilled.
Review of the geochemistry and relogging has indicated that parts of the mineralised zone, including parts of the basal layer were not sampled. The remainder of the interpreted mineralised zones across all 10 holes at Reef 1 South have now been submitted to the lab for assaying. Based on visual observations, several of the mineralised zones reported here are expected to be extended along with some possible new mineralised zones, when further results are received.
Further results from Cronus prospect continue to support the prospectivity of the intrusion and its potential for large-scale copper-PGE sulphide discoveries. It’s such a large, mineralised intrusion and the geochemistry and stratigraphy is providing strong support and possible vectors for the development of higher-grade copper-PGE sulphides. We look forward to testing some of our developing models at Cronus using funding from the WA Government under the EIS."
Download the announcement here:
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