Terra Metals Limited (ASX:TM1) has announced that results from a further 14 wide-spaced, first-pass reconnaissance drill holes at the Dante Reefs has confirmed the discovery of multiple Platreef-style copper-PGE sulphide reefs only 15km from BHP’s Nebo-Babel mine development.
Defined over 4.5km so far across Reef 1 and Reef 2, mineralization remains open along strike and downdip, with assays pending from a further 16 drillholes covering an additional 4.5km of strike at Reef 2.
The drilling results to date have confirmed that the Dante Reefs have the potential to host a large sulphide deposit containing copper, gold, PGEs, vanadium, and titanium, the first of its kind in Australia.
Managing director and CEO, Thomas Line, commented, “We are excited to have discovered multiple Platreef-style copper-PGE sulphide reefs from a first pass-reconnaissance drilling programme at the Dante Project; the first of its kind in Australia. Our next step is to continue to replicate these results over the extensive strike at the Dante Reefs, ensuring we are well positioned for success.”
Highlights of the drill results include:
- 6m @ 0.40% Cu, 0.79g/t PGE3, 0.66% V2O5, & 19.9% TiO2 from 4m (HRC004), including:
- 2m @ 0.62% Cu, 0.85g/t PGE3, 0.71% V2O5 & 22.3% TiO2 from 6m
- 5m @ 0.34% Cu, 0.84g/t PGE3, 0.81% V2O5, & 21.2% TiO2 from 21m (URC005), including:
- 3m @ 0.43% Cu, 0.94g/t PGE3, 0.88% V2O5 & 24.1% TiO2 from 23m
- 7m @ 0.31% Cu, 0.61g/t PGE3, 0.71% V2O5, & 20.7% TiO2 from 17m (URC011)
In addition, the company will publish an initial exploration target for Reef 1 in the near future.
To find out more, please visit www.terrametals.com.au
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