Review of historic exploration throws up untested target for Terrain
ASX listed junior explorer Terrain Minerals continue to make good use of historic exploration data to zero in on interesting targets.
A recent review of historic data at the company’s Gimlet project, which adjoins Mt Ridley’s project in the Fraser Range, has unearthed an interesting gold target that looks to have never been properly tested.
Terrain has identified an area on their tenement that had around 100 auger holes drilled into it many years ago by previous owners, all of which showed varying degrees of gold mineralization between 15PPB and 30PPB.
The area, which is greater than 600m x 200m in size will now be the subject of a follow up air core/rab drilling campaign that will thoroughly test it.
Historic drilling just 200m to the west of the area of interest shows a very thin overburden of only 2 to 3 metres, adding weight to the theory that the anomaly is not part the extensive palaeo-channel system transecting the area and potentially reflects a bedrock source.
Mt Ridley Mines recently announced they were about to drill test what looks to be a sizeable magnetic conductor at their Fraser Range project.