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 $0.55m was raised through a fully under written rights issue in February 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 gold resources of 4.96mt @ 2.0g/t gold (321,000 oz), together with a number of other attractive drill targets. Mining studies have commenced on some of there 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 – A heritage survey was completed over areas of interest ahead of planned drilling programs. A letter of intent has been signed to begin mining operations at the Celtic and Great Western deposits.
East Kambalda Project – Development options for the Coogee gold deposit are under consideration. The interpretation of the EM/IP geophysical survey has revealed four attractive drill targets.
Dodgers Well – A structural mapping program has outlined drilling targets; rock chip sampling has revealed the existence of high grade gold mineralisation.