Terramin hits high-grade gold at Bird-In-Hand

THE DRILL SERGEANT: Terramin Australia (ASX: TZN) has received the first assay results from diamond drill core samples completed at the company’s Bird-in-Hand gold project.

Results were received from two holes drilled on the Red Reef target at the project, returning:

BH054
5.8 metres at 37.43 grams per tonne gold from 192.9m down hole, including 1.18m at 167.71g/t gold from 192.9m, respectively equivalent to true widths of 4.4m and 0.9m; and

BH056
8m at 26.9g/t gold from 187m down hole, including 4.5m at 44.71g/t gold from 187m, respectively equivalent to true widths of 6.5m and 3.7m.

Terramin said the results affirmed the high-grade gold mineralisation of the Bird-in-Hand deposit.

The company also noted drillhole BH054 returned gold intersections higher than originally expected for that part of the deposit.

The diamond drillhole program was designed principally to provide hydrological, geotechnical and metallurgical data about the Bird-in-Hand deposit to enable Terramin to progress the underground mine design and commence layouts of surface facilities.

“These assay results are exceptional and for drillhole BH054 the high grade in that particular area of the deposit was higher than expected,” Terramin Australia CEO Martin Janes said in the company’s announcement to the Australian Securities Exchange.

“These results confirm the high quality of the deposit and there’s good potential to upgrade the resource.”

Email: info@terramin.com.au

Website: www.terramin.com.au