Terra Metals (ASX:TM1) has confirmed thick titanium mineralisation throughout the hanging wall of the Reef 1 North prospect within the Dante Project in Western Australia.
This news comes after the company received assay results from extensional drilling conducted at Reef 1 North.
Terra says drilling has further reinforced confidence in the consistency and scale of titanium along with strong concentrations of copper, platinum group metals, and vanadium across the full strike length.
Terra Metals, which has a market capitalisation of $10.19 million, says these results highlight the potential for a large-scale, high-grade polymetallic system, with mineralisation open in multiple directions.
CEO Thomas Line says these results confirm the consistency and scale of mineralisation from surface, as well as the thick titanium mineralisation at Reef 1 North.
“We now eagerly await the remaining drillholes from drill testing of new zones at Reef 2,” Line says.
Further assays are pending from 13 drillholes at Reef 2, which targeted new zones of mineralisation.
Terra Metals says the exploration efforts continue to show significant potential, and further updates will be provided as results are received.
The company adds assay results from one single deep diamond drillhole at the Cronus prospect highlighted palladium and gold mineralisation throughout the 407.7m thick unit of mafic taxite and pegmatite.
Terra’s technical team is considering options for further shallow drilling along the interpreted contact to fully test the target.
The Dante Project, located in the West Musgrave region, contains magmatic copper, gold, and platinum group metals targets, as well as extensive outcropping reefs.
Terra Metals is a diversified mineral explorer focused on its portfolio of projects across Western Australia. The company’s project portfolio includes the Dante, Higginsville, Southern Cross, Tarrawarra, Onslow, and Bonaparte projects.
Write to Aaliyah Rogan at Mining.com.au
Images: Terra Metals
