Nice grades, more drilling to come and only 44 mill on issue
Terrain Minerals Ltd ASX Announcement
26 April 2007 Page 1
26 April 2007
Company Announcements Officer
Australian Stock Exchange
Level 4
20 Bridge Street
SYDNEY NSW 2000
HIGH GRADE DRILL INTERCEPTS FROM
GREAT WESTERN DRILLING
Drilling commenced on 5 April 2007, close to the historical Great Western workings
(27,000t @ 13.7g/t gold (12,000 oz)). The drilling program has been designed to
confirm and upgrade the current resource to JORC compliance, as well as test the
strike and down dip extensions of the deposit. Geological mapping and rock chip
sampling has defined the Great Western structure over a strike length of 2.5kms.
The Directors of Terrain are delighted with both the high grade nature and the width
of the intersections received to date. Samples from the next three drill holes are at the
assay laboratory and drilling is continuing. To date the drilling has intersected a
number of quartz reefs with high grade gold values in the Main and a Hanging Wall
reef.
The Great Western project was acquired, late in 2006, as an addition to the Bundarra
project, which hosts 3.07mt @ 1.96g/t gold (194,600 oz) at the Wonder North and
Celtic deposits. The Great Western structure trends sub-parallel to; and is located 2
kms north of the structure hosting the Wonder North deposit.
The current program is expected to increase the published gold resources at Bundarra.
HIGHLIGHTS
Drill intercepts from the first nine RC holes include:
7m @ 10.02g/t gold, from 43m; including
2m @ 26.80g/t gold, from 43m
7m @ 3.51g/t gold, from 83m
3m @ 11.63g/t gold, from 61m
21m @ 5.21g/t gold, from117m; including
4m @ 13.80g/t gold, from 117m; and
2m @ 11.20g/t gold, from 134m
• 4m @ 6.82g/t gold, from 47m
Terrain Minerals Ltd ASX Announcement
26 April 2007 Page 2
ABOUT TERRAIN MINERALS LTD
Terrain Minerals Ltd (ASX: TMX) is a focused gold explorer with four projects in the
Eastern Goldfields of Western Australia: Bundarra, East Kambalda, Redcastle and
Euro; all include immediate drilling targets. More recent ground acquisitions have
also been undertaken at Black Cat and Great Western, both adjacent to the Bundarra
project. Both these new projects also include immediate drill targets.
Resources include:
Bundarra – Celtic: 1,087,700t @ 1.66g/t gold ( 58,100 oz)
Wonder North 1,978,300t @ 2.13g/t gold (136,500 oz)
3,066,000t @ 1.96g/t gold (194,600 oz)
East Kambalda – Coogee 277,400t @ 3.91g/t gold ( 34,870 oz)
Total: 3,342,500t @ 2.12g/t gold (229,500 oz)
Terrain listed on the ASX in March 2006; raising $5 million. A vigorous exploration
program has been underway since listing and encouraging results have been received
from all the projects, particularly Bundarra and Redcastle.
Further information regarding Terrain’s projects and exploration programs can be
found on the Company’s website, www.terrainminerals.com.au.
Contact:
Keith Wells
Managing Director
Terrain Minerals Ltd
ACN-116 153 514
Telephone: +618 9481 2455
[email protected]
The information in this report that relates to Exploration Results is based on information
compiled by Mr Keith Wells, who is a full-time employee of Terrain Minerals Ltd. Mr Wells is a
member of The Australian Institute of Geoscientists and has sufficient experience which is
relevant to the style of mineralisation and type of deposit under consideration and to the
activity which he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves’. Mr Wells consents to the inclusion in the report of the matters based on
information in the form and context in which it appears.
Terrain Minerals Ltd ASX Announcement
26 April 2007 Page 3
SIGNIFICANT DRILL RESULTS –
GREAT WESTERN PROSPECT
Hole No East North Length
(m)
From #
(m)
To
(m)
Interval
(m)
Grade
(g/t Au
Lode
GWRC 051 321485 6866140 54 21 320 11 0.75 Main
GWRC 052
Including
321485 6866120 102
20
39
43
43
24
43
50
45
4
4
7
2
3.75
Stope
10.02
26.80
H. Wall
Main
Main
Main
GWRC 053 321485 6866100 162 43 50 7 3.51 Main
GWRC 054
321485 6866080 162 85
123
87
127
2
4
5.19
1.50
H. Wall
Main
GWRC 055
321485 6866060 186 145
151
158
146
153
160
1
2
2
4.24
1.12
1.31
Main
Main
Main
GWRC056 321485 686040 150 Abandoned
GWRC057 321455 6866098 132 61
77
64
79
3
2
11.63
Stope
H. Wall
Main
GWRC058
Including
including
321455 6866068 150 62
117
117
134
67
138
121
136
5
21
4
2
0.69
5.21
13.80
11.20
H. Wall
Main
Main
Main
GWRC059 321430 6866107 90 27
47
28
51
1
4
4.72
6.82
H. Wall
Main
1. All holes drilled by RC.
2. All holes drilled at -60º.
3. All holes drilled towards Azimuth 360º
4. Lode correlations are preliminary and will be subjected to a more detailed
interpretation
Terrain Minerals Ltd ASX Announcement
26 April 2007 Page 4
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