Terra Metals (ASX:TM1) has received positive assay results from eight new diamond drillholes from the company’s Dante Cu-Au-PGM project in Western Australia.
The recent Phase 1 diamond drilling programme has widened the mineralised footprint by more than 100m at Reef 1 North.
The results from Reef 1 North have delivered consistent and high-quality intersections of copper, gold, and platinum group metals (PGM’s).
Intersections have been returned across multiple depths, from surface, reinforcing the continuity of mineralisation and potential to host a large sulphide deposit containing copper, gold, PGM’s, vanadium, and titanium.
Results have widened the Bushveld-style, stratiform reef mineralisation now defined over approximately 20km of strike at Reef 1, by over 100m.
Phase 2 reverse circulation (RC) drilling targeting shallow copper-gold-platinum mineralisation at Reef 1 North has now been completed, with results from over 50 new RC drillholes expected progressively over the coming weeks and months.
“These new results show dominance of copper, gold and platinum, and continue to build our confidence in the continuity and scale of this unique, Bushveld-Style reef deposit. Adding 100m of width to the mineralised zone increases the potential for additional exploration upside with such a long striking stratiform deposit,” Managing Director and CEO, Thomas Line, said.
“Interestingly, a Cu:Au ratio of almost 1 to 1 has been noted in the basal reef in the recent results, suggesting the potential for higher grade gold to follow higher grade copper.
“Importantly, we have just completed over 50 more RC holes at Reef 1 North and we look forward to presenting these results as they become available over the coming weeks and months. Assays from a further 9 diamond holes drilled at Reef 2 are also expected in the coming weeks.”