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Additional Information
Market: ASX
Sector: Gold Mining
Epic: TMX
News: Latest news
Web Site: Terrain Minerals
Other Articles: 14-12-200927-11-2009

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Terrain Minerals

Terrain Minerals

TMX holds three projects in the world class mineral province, the Eastern Goldfields of Western Australia.  These are the Bundarra Project, the East Kambalda Project and Dodgers Well.
Monday, December 14, 2009

Terrain Minerals earns 60% interest in Black Cat Joint Venture

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Terrain Minerals (ASX: TMX) announced it has earned a 60% interest in the Black Cat gold joint venture project from St Barbara (ASX: SBM).

The company has elected to increase its interest to 75% through the expenditure of a further $750,000.

The Black Cat Joint Venture area is adjacent to Terrain’s 100% owned Bundarra and Great Western projects, located 70 kilometres north of Leonora in Western Australia.

Gold resources on the combined area amount to 4.96mt @ 2.0g/t gold (321,000 oz) and there are numerous other untested gold prospects in the area.

Soil sampling and geological mapping on the Black Cat area has identified five significant gold anomalies in the Craig/Katalina area, coincident with shear zones and exhibiting similar geological characteristics to the other known gold deposits.

The largest anomaly has gold values upto 50x background, is up to 160m wide and extends for 1,000m along a shear zone extending west from the Craig prospect.

Intercepts from previous shallow drilling in the immediate vicinity of the historic Craig and Katalina workings, including 6m @ 3.8g/t gold from 12m (Katalina), 9m @2.3g/t gold from 10m (Craig), 6m @ 37.8g/t gold from 15m and 6m @ 2.34g/t gold from 6m

A reverse circulation drilling program to test the anomalies is planned for March/April 2010.

Terrain is a Perth based exploration company with a number of gold and nickel projects in the Eastern Goldfields of Western Australia, including the advanced gold project at Bundarra.

The company has outlined JORC compliant resources of 320,000 oz of gold in a closely related cluster of deposits, including Wonder North, Celtic, Great Western, Bluebush and Black Cat.

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