Latest News From Terra Resources
Below you will find up-to-date news from the Terra Resources team along with articles of interest
Satama Drilling Delivers 26m at 4.82g/t Gold from 35m
Satama is defined by a +10km long gold in-soil anomaly and the main Satama trend that has been drilled is open to the north where previous auger drilling has confirmed further in situ gold anomalism along strike of the drill grid. A gradient array and dipole-dipole IP survey completed in the second half of 2022 indicated the presence of significant shear structures to the west of current drilling at Satama. These shear structures have not been tested by any previous exploration drilling.
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Pan Global Commences Drilling on the Expanded Romana Deep Copper Target at the Escacena Project, Spain
Further processing and interpretation of the company’s recently completed HEM survey has significantly expanded the previously identified Romana Deep target. The Romana Deep target is characterised by a large HEM resistivity low anomaly located down-dip from Pan Global’s near-surface La Romana copper discovery.
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Substantial New IP Anomalies Confirm Additional Large-scale Porphyry Copper Potential at Picha Project, Peru
The IP/Resistivity survey completed at Picha in December 2021 highlighted a large IP chargeability anomaly approximately 2km long in a north-south orientation and up to 2km across at its widest extent, located in the southern part of the survey area, in the general vicinity of the Fundicion target.
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Wallbrook Exploration Update – Regional Aircore Drill Program Commences
During 2022, Terra Resources were engaged to provide geophysical interpretation on acquired ground magnetic and gravity data collected through the year. Following the geophysical interpretation, several targets were identified for follow up. Nexus has reviewed all exploration data to date in the wider project area, allowing for delineation and ranking of targets that, in addition to the geophysical prospectivity, also highlight structural, alteration and lithological conditions prospective for gold mineralisation.
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Further Massive Nickel-Copper Sulphide Mineralisation Intersected at B2 Deposit
All holes at B2 intersected visual Nickel-Copper sulphide mineralisation and the broad shallow intercepts are supportive of the geological/mineralisation model generated by Raiden.
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11 New Uranium Targets in the Athabasca Basin Uncovered Through Modern Exploration Surveys
Terra Resources, Valor’s consultant geophysics team, have interpreted the recently acquired airborne gravity gradiometry (AGG) survey data and highlighted eleven new targets.
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Geophysics Demonstrate Scale of Satama Gold Discovery
Interpretation of recently completed Induced Polarisation (IP) survey highlights the presence of significant untested shear structures to the west of current drilling. Structures have strong chargeability and co-incident resistivity signatures, supporting the potential for presence of sulphide and veining at depth, and extend over +4 kilometres in strike.
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Rockford Seismic Programmes Progress at Mawson and Octagonal
The new 3D seismic survey covers 24.5 km2 and has been designed by Barry Bourne of Terra Resources who are retained as consultant for the survey. The data collection phase of the survey is scheduled to commence mid October 2022, with the final processed results by the end of May 2023.
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Kambale Graphite RC Drilling Program Completed
Most of the RC drill hole locations were guided by a recently completed ground HLEM geophysical survey that identified numerous conductive plates many of which correlate well with known areas of graphitic schist but with several having no drill holes nearby.
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New EM Anomalies at Great Southern Graphite Project
An orientation ground EM survey over selected areas at Great Southern Graphite Project’s Kendenup and Martagallup licences has identified eight high-priority anomalies for follow-up investigation and improved understanding of the controls on mineralisation.
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Highly Prospective Uranium Targets Identified at Cluff Lake Project Near Historical Uranium Mine
Seven high-priority targets have been identified based on historical data and geophysical interpretation. The targets are based on a thorough review of historical exploration data which has been integrated with a detailed geological interpretation of all publicly available geophysical data completed by Valor’s consultant geophysics team, Terra Resources.
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3D-IP Highlights Extensive Sulphide Zones at Mulga Bill
Offset pole-dipole induced polarisation (3D-IP) survey has identified large chargeable zones that are interpreted to be disseminated sulphide bodies beneath the central 3km strike of Mulga Bill. These zones correlate very closely with the gravity anomaly identified by GBR’s survey last year. Importantly, the previously-recognised correlation between gold and sulphur in GBR’s assay data suggests sulphide zones are an important target for gold mineralisation.
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