Latest News From Terra Resources
Below you will find up-to-date news from the Terra Resources team along with articles of interest
Bibemi Update: Phase 5 Drilling Programme and Results of Geophysics
During Q1-2024, Terra Resources (‘Terra’) completed an interpretation of geophysics (ground magnetic) data collected by the Company in 2023. Two broadly parallel NE-SW positive magnetic trends dominate the central and northeastern part of the survey (covering Bakassi Zone 1 and Bakassi Zone 2) and represent the known shear zone. A less pronounced NE-SW magnetic trend is present in the southern half of the survey area (around Lawa West and Lawa East) with an influence of ENE-WSW positive magnetic trends.
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Lithium Exploration in Menzies Uncovers Multiple Outcropping Pegmatites
Brightstar commissioned Terra Resources to analyse a remote sensing dataset and perform a hard-rock lithium pegmatite targeting exercise over the tenement package as part of a holistic targeting campaign. In total, 162 features within Brightstar tenure were identified in the target generation exercise.
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Multiple New Nickel Sulphide Outcrops – PNG
The Company has commissioned Terra Resources to trial new modelling techniques (2.5D inversion software) to extract additional information from historical VTEM surveys. The outputs have confirmed electromagnetic responses from known target areas such as Veri Veri and have revealed new targets. Of particular interest is an EM conductivity high SSW of the established Veri Veri nickel sulphide outcrops, which represents a new priority area for follow up.
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Aircore Results Extend Marwari Structure 400m South
Magnetic inversion modelling by Terra Resources outlined a coherent and substantial magnetic anomaly (~700m in strike), which plunges gently to the south and is closely related to the discovery hole HWAC1472.
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Field Activities Update at Yinnietharra Lithium Project
Bubalus engaged Terra Resources to conduct a remote sensing geophysical and spectral review of available data from the Yinnietharra Project. Sentinel-2 and ASTER remote sensing products were acquired, reprocessed and interpreted to identify signatures which may represent outcropping or sub-cropping pegmatites within the project tenure, with a number of potential pegmatite targets being identified.
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New LCT Pegmatite Targets Identified at Yalgoo Lithium Project
A review and interpretation of remote sensing data, which has been integrated with a new geophysical interpretation of the area, has identifed a number of new potential Lithium-Caesium-Tantalum (“LCT”) pegmatite targets for on-ground follow-up.
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Pan Global Intersects 1.04% Copper over 15.9 meters at Western Expansion of La Romana Copper-Tin-Silver Discovery
Assay results for five new drill holes from the western extension of the La Romana copper-tin-silver discovery confirm the mineralization extends over more than 1.35 kilometers of strike and remains open. These drill results include the highest grades intersected to-date in the current 25-hole drill program aimed at testing the western extension of the La Romana mineralization.
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PNG Nickel Project Exploration Model Defined
LCL’s 3,400km2 portfolio of licences and applications, that form the PNG Nickel Project, are prospective for high grade nickel sulphide mineralisation. To date three prospects (Veri Veri, Iyewe and Doriri) have been identified within a 10km strike proximal to a major structure, the Keveri Fault.
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Commencement of Field Activities at Yinnietharra Lithium Project
Geophysical and spectral review to be completed in parallel by Terra Resources, identifying targets to be followed up by ground truthing.
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Rare Earth Element (REE) Carbonatite Drill Targets Identified at Paddy’s Well Project
Terra Resources has recently undertaken geophysical interpretation of new airborne magnetic data for Voltaic Strategic Resources, which has significantly enhanced the Critical Minerals prospectivity of the extensive 1,300km2 tenement package at their Paddy’s Well project.
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Drilling Defines Large Gold Target at Marwari
Terra Resources were engaged to undertake a 3D inversion model of high resolution airborne magnetic data to assist with target definition.
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Exploration Update – Yandal and Earaheedy
Target review has delineated numerous high-quality exploration targets.
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