Terrain Minerals Limited (ASX: TMX) is preparing to follow-yp has previously announced clay type rare earth elements (REE) discovered over large areas within its 100% owned Lort River Project in WA.
The Lort River Project covers an area of 320 sq. km and is located within the heart of the Esperance REE province of Western Australia.
Terrain has engaged WA based Cube Consulting Pty Ltd (Cube) to assist with strategic exploration planning with the goal of compiling a maiden resource at Lort River as soon as possible. Cube has extensive REE experience and corresponding resource modelling and will assist Terrain to achieve its objectives ensuring all activities are executed effectively and carried out to a standard to support the reporting of any future Mineral Resource Estimates.
Cube’s scope of work includes:
Terrain said it intends to conduct wide spaced air core drilling over the areas with the aim of being able to bring all data into a resource as soon as possible, assuming the clay zones are continuous and hold grade. If this is the case the study will identify how to best execute a cost-effective drilling campaign over the Lort River tenure.
It is believed that this planning will greatly assist in reducing the overall time and lowering the costs to any future discoveries.
Terrain’s exploration team are currently focusing on executing grounds activities at the Lort River Project.