Welcome to Terrain Minerals
Terrain Minerals Ltd (“TMX”) listed on the ASX on 28 March 2006 following the raising of $5m. An additional $4.4m was raised through a placement and rights issue in August 2007, to fund ongoing drill programs. A further $1.91m was raised through a series of fully under written placements and rights issue in the first half of 2009.
TMX holds three projects in the world class mineral province, the Eastern Goldfields of Western Australia:
Bundarra Project – located approximately 70 kms north of Leonora, includes a number of gold deposits with resources totalling 4.96mt @ 2.0g/t gold (321,000 oz), together with a number of other attractive drill targets. Mining studies are in progress on a number of the deposits.
East Kambalda Project – located approximately 20 kms northeast of Kambalda, includes the Coogee gold deposit (277,500t @ 3.9g/t gold (34,870 oz), plus the highly prospective Aztec Dome nickel prospect.
Dodger’s Well – located 30kms northeast of Leonora. An option to purchase agreement was signed in March 2009 to acquire the project for $50,000 in shares by December 2009. Sampling has revealed high grade gold values up to 136g/t gold.
Terrain’s exploration activities in the first half of 2009 included:
Bundarra Project – Pit optimisation studies and preliminary open pit mine plans have been completed on two deposits with other studies underway. A heritage survey was completed over other areas hosting exploration drill targets.
East Kambalda Project – Pit optimisation and mine planning has been completed over the Coogee gold deposit. Various development options are under consideration are under consideration. At the Aztec Dome nickel prospect an orientation EM/IP geophysical survey has revealed four attractive drill targets.
Dodgers Well – Structural mapping and rock chip sampling has revealed the existence of high grade gold mineralisation and outlined drilling targets;