Ann: Smokebush IP Survey & Lithium Update - New Gold Targets, page-4

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Smokebush IP Survey & Lithium Update
Priority Gold Drill Targets Emerging
Terrain Minerals Limited (ASX: TMX) (Terrain) is excited to provide the following update at its 100% owned
Smokebush Project, located 350 kilometres north of Perth, Western Australia.
Induced Polarisation (IP) New Drill Targets Identified - Survey 70% Complete
Terrain is pleased to announce that two thirds of the IP program has now been completed by the Newexco
Exploration team over the Hurley & Paradise City prospects. The initial data is ground-based gradient array IP
shown in plan view or single dimension. Two drill worth gold anomalies have been identified, both hidden under
cover. The first being ~400 metres long located near Hurley with the second ~600 metres long located near
Paradise City and both previously unknown (refer to Diagram 1 & 2).
The Monza IP survey will commence next week along with additional work over the two identified targets. The
current data helps guide the next stage of the survey being dipole-dipole IP to enable a 3D modelling for targeting
purposes for which drilling permits (POW) are already granted over.
Soil Sampling Program Completed over Larin’s Lane - Gold Exploration
XM Logistic has completed the close spaced Mobile Metal Ion (MMI) soil sampling program over the Larin’s Lane
target area with 834 sample submitted to the Company’s assay lab for multi-element analysis (foot note 1). The
results from this sampling program are expected within the next four weeks (refer to diagram 4).
Smokebush – Pegmatite Samples & Further Field Activities
Terrain has recently identified 20+ pegmatites which have been sampled for Lithium (foot note 1). Samples
results are currently overdue due to excessive demand for lithium testing and are expected in the next 2-3
weeks.
In the meantime, Terrain has engaged the services of a senior geologist with extensive field experience with
lithium bearing pegmatites from RSC - Mining & Minerals Exploration who will be on site next week to better
assess the known pegmatite occurrences. The RSC team will be following up petrology sample data received by
the Company that highlighted the possible existence of lithium-rich lepidolite mineralisation (refer to Appendix
1).
Wildviper Gold project – Update
Terrain’s geological team was on site during February mapping and sampling several areas.