Terrain Minerals Limited - Gold 'Supergene' mineralisation at Wildflower Gold Project

About this update from Terrain Minerals Ltd

Terrain Minerals Limited ('Terrain' or the 'Company') is excited to announce that the recent drilling campaign has been highly successful. The air-core campaign targeted previously defined (and untested) gold in soil anomalies has intersected gold mineralisation at Terrain's 100%, Wildflower Gold Project . The September 2024 first pass air-core reconnaissance drilling program consisted of 72 air-core holes, totalling 1,710 metres. Highlights First pass Air-Core 'Supergene' mineralisation at Cotta (T16W): 9 metres @ 1.17 g/t Gold from 30 metres - hole 24WFAC062. o Including 3m @ 2.61 g/t Gold from 33m. Additionally, multiple wide zones of lower supergene gold anomalism: o 42 metres @ 0.11 g/t Gold from 0 metres - hole 24WFAC050. o 18 metres @ 0.14 g/t Gold from 42 metres - hole 24WFAC051. Flow up RC drilling at Cotta, T16 & Wildflower: Test potential NW trending structures that follow holes 24WFAC050, 51 & 62, interpreted as a potential repetition of the sheer zones hosting the Rothsay Deposit(note1) (refer to diagram 1 & 2). New modelling has changed current targeting assumptions: o T16 soil anomaly similarities to Cotta (T16W) - no historic drilling (refer to Diagram 1). o Wildflower follow up drilling, with new model. Planning and logistics now underway to drill test the newly interpreted sheer zones: o Field visit being scheduled next week prior final program design. o Proposed 2,000m RC drill program testing hard rock sheers over three targets. The discovery of mineralisation (interpreted as being supergene) was made following Terrain's exploration team following up on one of three historic gold and arsenic soil anomalies first identified within the Wildflower gold (Au) project area in 1983 (and reconfirmed by previous tenement owners in 2001 and 2009 (note2)). The anomaly had remained untested prior to the September/ October 2024 drill program. New findings highlighted from the 9m @ 1.17g/t Au from 30m 24WFAC062 is highly significant as the assays relate to the only hole that appears to have tested within the oxide zone (regolith) zone immediately above an interpreted northeast-trending shear (area is under cover, previously untested and so has potential for multiple sheer zones to be uncovered around Cotta and adjacent to the other target areas). The supergene mineralisation has been interpreted as coming from a primary gold source. The region has extensive gold mineralisation across it including the Rothsay's gold deposit (operated by ASX Vault Minerals formerly Silverlake & Red5) and located 10 kilometres to the southwest of the Wildflower, which is hosted within (and potentially controlled by) a shear zone (albeit trending northwest). The presence of gold mineralisation coincident with the shear zone at Cotta/T16W is an exciting discovery and one that warrants immediate follow-up drilling. The newly model data set appears to suggest that the current drilling may have only intersected a supergene halo proximal to primary gold mineralisation. Whilst considered low-grade, the presence of oxide (or supergene) gold mineralisation within the overlying regolith at Wildflower may be indicative of the presence of primary gold mineralisation within the underlying bedrock (as is often observed at gold deposits across the broader Yalgoo Singleton Greenstone Belt). The Company notes, that although results received to date are highly encouraging, the exploration project is still at an early stage and drilling to date does not allow sufficient understanding of the style of mineralisation present at the Wildflower project nor does it allow an assessment of the potential size of mineralisation. However, the interpretation of existing data is ongoing and is being supported by a targeted field mapping, with the intention of drill testing for higher grade (bedrock hosted) primary gold mineralisation within the coming weeks. Further details regarding the proposed reverse circulation (RC) drilling program at Wildflower will be released prior to the commencement of drilling. Smokebush - Location & Access The Smokebush Project area is located approximately 350km from Perth Western Australia and 85 kilometres east northeast of the Perenjori township and 65 kilometres west of Payne's Find. Located within the Yalgoo Mineral Field. The tenements can be accessed via the unsealed Perenjori - Warriedar Road , and via extensive historical exploration grid lines, station tracks and fences lines. ABOUT TERRAIN MINERALS LIMITED : Terrain Minerals Limited (ASX: TMX) is a mineral exploration company with an asset portfolio that includes: Trade Opportunities: Terrain is open to commercial discussions in relation to the full or partial sale, and/or joint venture of the Com pany's non-core assets. Smokebush Exploration Project 100% owned exploration project located within the prospective Yalgoo Mineral Field of Western Australia which neighbours Warriedar Resources Limited's (ASX: WA8) Golden Dragon Project . The Company's previous explo ration campaign have targeting gold, and other commodities across the tenement package: Larin's Lane - Gallium (& REE) Project: The maiden drilling program in late 2023 intersected broad zones of Gallium mineralisation over a 9km by 3km of interpreted strike. This mineralisation remains open in all directions and has the potential to grow into a significant clay/oxide hosted Gallium project. The project area benefits from year-round access and within close proximity to established mining infrastructure. A JORC compliant exploration target refer to ASX release on 06 11 2024. Wildflower/Cota Gold Prospects: First-pass air core drilling program was conducted in September 2024 , consisting of 71 holes for 1,710 metres. Drilling tested strike and depth extension of an historic RAB hole that returned 15 metres @ 1.49/g/t gold from 10 meters depth (hole MM110) refer to ASX releases 18/12/2019 & 03/03/2020. Drill results are in above announcement. Lightning/Monza Gold Prospects: Lightning IP target was drill tested by the Company in late 2023, which appears to have confirmed the presence of gold mineralisation refer to ASX release 14 November 2023 . Terrain proposes to undertake a targeted 6-hole reverse circulation (RC) drill program at Lightning and Monza Gold Prospects at some time in the future. Both Wildflower and Cotta (T16W) and T16 currently rank higher and appear to sit in a different geological setting (the above release strengthens this assumption) and as such an IP survey would be inef fective and unwarranted as targets are already identified. (C) 2024 Electronic News Publishing, source ENP Newswire

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