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Posted: 2024-09-26 05:56:17

Management is on-record as saying it is committed to unearthing a “company-making” discovery and believes Wildflower has the potential for a substantial find based on its favourable geological features and historical data assays. It notes that previous drill intersections are consistent with the grade and thickness reported by Warriedar in past announcements.

The company’s preliminary field mapping suggests that gold anomalism trends north-to-east at the site, similar to Warriedar’s nearby deposits.

Terrain is also planning an RC drill program at its Monza and Lightning prospects, where previous results from maiden drilling at the latter returned 2m at 6.22g/t gold from 61m and 1m at 5.94g/t from 82m. Historic drilling at Monza produced an encouraging 4m at 4.46g/t gold from 51m and 7m going 2.72g/t from 25m.

Management says it will wait to view the assay results from the Wildflower campaign to decide whether to further explore the targets, prior to kicking off drilling at Monza-Lightning.

In a strong show of support for both the company’s plans and projects, Virgin recently stumped-up an impressive $102,000 to participate in a heavily-subscribed placement to raise funds to further Terrain’s exploration programs. It has placed him squarely in the substantial shareholder category, with a hold of 5.1 per cent of the company’s shares on issue.

Gold has continued its price surge, trading today at US$2661 (AU$3887) per ounce for a near 3 per cent gain for the week and up a notable 42 per cent this year.

So, with WA’s renowned annual wildflower season in full swing after record rains were recorded in the Mid West region, Terrain – with its range of promising gold targets – could be the next one to bloom.

Is your ASX-listed company doing something interesting? Contact: [email protected]

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