- TM1 spots copper-nickel-PGM-cobalt sulphide mineralisation at Dante
- Intercepts occur outside identified titanium-vanadium reefs
- Company awaits assays ahead of further drilling plans
Special Report: Terra Metals has intersected multiple massive and semi-massive sulphide zones in drilling at Southwest prospect within the Dante project in WA’s West Musgrave region.
Visual sulphides have been logged in multiple recently completed diamond drill holes at the prospect, including massive, semi-massive and net-textured sulphide zones characteristic of magmatic sulphide systems.
The sulphide zones are visually logged as containing pentlandite, chalcopyrite and pyrrhotite, which are also consistent with a magmatic nickel-copper-cobalt sulphide system.
Terra Metals (ASX:TM1) notes the new sulphide intercepts occur outside and below the thick titanium-vanadium reefs recorded in the first four drill holes for which assays are pending.
They provide further evidence that higher-grade copper-nickel-PGM-cobalt sulphide mineralisation may be present within the broader intrusive system.
Plus, continuity of layered sulphide zones is observed across multiple holes, indicating that the mineralised horizons are laterally and vertically persistent.
Although assays are pending, the company says the visual results suggest the potential for the Southwest prospect to host a large-scale system capable of concentrating high-grade base and precious metals.
A large multi-commodity discovery?
Downhole electromagnetic (EM) surveys, diamond drilling and reverse circulation (RC)-diamond tails are ongoing to refine targeting and vector toward metal-rich sulphide accumulations within the layered mafic intrusion.
“These new visual sulphide intersections are a very encouraging development, demonstrating that the Southwest prospect hosts both thick titanium-vanadium reef packages and potentially higher-grade copper-nickel-cobalt-PGM sulphide zones within the same system,” CEO and MD Thomas Line said.
“Our drilling strategy is delivering exactly what we hoped — expanding the mineralised footprint while also vectoring into areas that show the strongest potential for metal-rich sulphide accumulation.
“With assays due shortly, and drilling continuing along multiple reef lines, we are rapidly progressing our understanding of what is shaping up to be a large-scale, multi-commodity discovery.”
This article was developed in collaboration with Terra Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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