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).
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
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