logo-loader

Terramin Australia Ltd reveals high-grade gold from Bird-in-Hand Project

Published: 09:00 18 Jul 2016 AEST

au_south_australia__350_578870f010e82

Terramin Australia Ltd (ASX:TZN) has received high-grade assay results including 7.4 metres at 41.64 g/t gold from 203.7 metres at the Bird-in-Hand Gold Project near Woodside, South Australia.

The drill program, which commenced in March 2016, has now been completed.

The company has reported significant gold intersections in the final four holes, including 6.8 metres at 33.7 g/t gold from 207.2 metres.

These results affirm the potential of the Bird-in-Hand deposit which has an inferred mineral resource of 557,000 tonnes at 13 g/t for 233,000 ounces of contained gold.

Terramin is expected to release a revised resource statement later this month.

Adding interest, the resource is open at depth and the geological setting of the deposit indicates potential for additional high grade shoots to be present along strike within the mineral claim.

Terramin also owns the Angas Processing Plant, a 400,000 tonnes per annum base metals processing plant placed in care and maintenance since 2013 on the Fleurieu Peninsula in South Australia.

In addition to Bird-in-Hand, Terramin will finalise a feasibility study at the Tala Hamza Zinc Project in Algeria, a world class resource containing 3.9 million tonnes of zinc and lead.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Terramin Australia offers zinc exposure in the Mediterranean

Terramin Australia Ltd (ASX:TZN) CEO Martin Janes joins Jonathan Jackson in the Proactive studio to talk through the company’s flagship Tala Hamza Zinc Project in Algeria, which is owned by Western Mediterranean Zinc Spa (WMZ), a joint venture vehicle between Terramin and Enterprise Nationale...

on 21/2/24