Terramin Australia Limited (ASX: TZN) – $0.130

08 Aug 2016

Terramin Australia Limited (ASX: TZN) has a revised Resource Estimate for its Bird-In-Hand Gold Project located in the Adelaide Hills approximately 30km east of Adelaide in South Australia (Figure 1).

 

TZN Bird-In-Hand Au
Figure 1. Location of Bird-In-Hand Gold Project

 

The revised Resource Estimate currently stands at 588,000 tonnes at 13.3g/t gold for 252,000 ounces of gold, which is an 8% increase in contained gold ounces.

The 2016 drilling program was focused on providing hydrological, geotechnical and metallurgical data about the Bird-In-Hand deposit. The increase in grade is attributed to the new drillhole data and the increase in tonnes is the result of minor changes to the geological model based on the new information.

 

For further information, visit www.terramin.com.au

 

Resources Stocks to Watch (RSTW) is the leader in research on over 600 ASX listed micro to small-cap mining stocks and commodities. We are independent and do not accept commissions. We tell it like it is. Our reports are researched by experienced geologists and resources analysts, the experts in the field.

 

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