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Brown targets

FORMER state development minister Clive Brown is on the board of new Perth float Terrain Minerals Ltd, which is seeking to raise $5 million on the back of four projects in the eastern Goldfields with collective resources containing 219,000 ounces of gold.“Our initial focus has been on acquiring projects with immediate, high quality drilling targets and the potential to develop mining operations in a relatively short period of time,” Terrain managing director Keith Wells said.“We also have looked at projects where there has been little recent exploration work or exploration programs that have not progressed for a range of reasons.”Collectively, the projects contain resources of 3.3 million tonnes grading 2.05 grams a tonne (g/t). Among Terrain’s early targets will be the underground potential of the known resources at the Celltic project, between the Tarmoola and Thunderbox gold mines near Leonora.At Coogee, near Kambalda, exploration will follow up previous spectacular drill results that included a rich 51.72g/t over eight metres and 31.41g/t over 11 metres.The Redcastle project, between Leonora and Laverton, is marked by extensive historical workings, with underground sampling including 75g/t over 2 m etres. The 25 million share offer at 20 cents is scheduled to remain open until March 10.

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