Wildflower Drills 9m at 1.17 g/t Gold; Larins Lane Gallium Target Defined
Terrain Minerals reports encouraging early drilling results at its Wildflower Gold Project, progresses metallurgical studies at Larins Lane Gallium Project, and initiates nickel-copper drilling at Lort River, backed by a $450,000 strategic placement.
- Promising supergene gold mineralisation intersected at Wildflower Gold Project
- JORC-compliant exploration target and metallurgical studies underway at Larins Lane Gallium Project
- Ground EM survey completed and drilling commenced at Lort River Nickel/Copper Project
- Raised $450,000 via strategic placement to accelerate exploration activities
- Land access secured through share issuance agreements at Lort River
Exploration Momentum Builds at Wildflower Gold Project
Terrain Minerals Limited (ASX: TMX) has reported significant progress in its December 2024 quarterly activities, highlighting a successful first pass air-core drilling program at its 100%-owned Wildflower Gold Project within the Smokebush tenement package in Western Australia. The program comprised 72 air-core holes totaling 1,710 metres, intersecting notable supergene gold mineralisation, including a standout intercept of 9 metres at 1.17 g/t gold from 30 metres depth, with a higher-grade 3-metre section at 2.61 g/t gold.
This discovery is particularly compelling as it targets previously untested soil anomalies dating back to the 1980s, now confirmed by modern drilling to host oxide zone mineralisation above interpreted shear zones. The presence of supergene gold suggests a primary gold source beneath, warranting follow-up reverse circulation (RC) drilling which commenced in December 2024. Stage One of RC drilling, comprising 8 holes for 1,182 metres, has been completed with assay results expected by late February 2025. Stage Two drilling is planned to start in January 2025, expanding testing to new targets including W3 and Mirja.
Larins Lane Gallium Project Advances with JORC Target and Metallurgical Studies
At the Larins Lane Gallium Project, Terrain has released a maiden JORC-compliant exploration target covering approximately 5% of the prospective geology. The project has demonstrated extensive gallium mineralisation, with previous drilling intersecting broad zones up to 64 metres wide and high-grade gallium oxide values exceeding 50 g/t. The company is actively progressing metallurgical studies as part of the Minerals Research Institute of Western Australia (MRIWA) Project M10528, aiming to optimise gallium extraction using environmentally friendly solvents. Interim results are anticipated before mid-2025, with final outcomes expected mid-year.
Gallium’s critical role in semiconductor manufacturing and emerging technologies, coupled with supply chain vulnerabilities due to China's dominant production, underscores the strategic importance of Terrain’s Larins Lane asset. Terrain is also engaging potential joint venture partners to advance the project further.
Lort River Nickel/Copper Project: Geophysical Surveys and Drilling Initiated
Terrain’s 100%-owned Lort River Project, located near Esperance in the Albany-Fraser Belt, has seen the completion of a ground-based electromagnetic (EM) survey targeting high-priority sulphide bedrock conductors identified by earlier airborne EM surveys. The geophysical data, interpreted by Southern Geoscience Consultants, confirms the presence of a mafic-ultramafic intrusion analogous to the Nova-Bollinger nickel-copper deposits. Following land access agreements with local landowners, drilling commenced in January 2025 to test two key conductors (T1 and T2) situated on the western edge of the intrusion.
Capital Raising and Strategic Share Issuances Support Exploration
Post-quarter, Terrain successfully raised approximately $450,000 through a strategic placement of 150 million shares at $0.003 per share, led by Leeuwin Wealth. The funds are earmarked to accelerate drilling programs across the Wildflower Gold and Lort River projects, reflecting the company’s commitment to rapid exploration advancement. Additionally, Terrain issued shares totaling over 10 million to landowners at Lort River in exchange for access agreements, facilitating ongoing field activities.
Outlook and Strategic Positioning
Terrain Minerals is actively advancing a diversified portfolio of exploration assets focused on gold, gallium, nickel, and other critical minerals in Western Australia and Queensland. The company’s rapid response to early drilling successes, combined with strategic capital management and collaborative research initiatives, positions it well to unlock value from its projects. While exploration remains at an early stage, the combination of geological potential and methodical follow-up programs suggests Terrain could emerge as a notable player in critical metals and base metals sectors.
Bottom Line?
Terrain’s accelerated exploration and strategic funding set the stage for pivotal drilling results in early 2025.
Questions in the middle?
- Will the upcoming RC drilling results at Wildflower confirm the presence of economically viable primary gold mineralisation?
- How will metallurgical test outcomes influence the development potential of the Larins Lane Gallium Project?
- Can the Lort River drilling validate the Nova-style intrusion as a significant nickel-copper sulphide deposit?
