Terrain Minerals Completes 7,739m Drilling at Smokebush, Assays Due Soon

Completion of Major Drilling Campaign

Terrain Minerals Limited has announced the completion of an extensive drilling program at its 100% owned Smokebush Gold & Silver Project, located roughly 350 kilometres north of Perth in Western Australia. The campaign, which began in November 2025, comprised 39 Reverse Circulation (RC) holes totalling 7,079 metres and four diamond drill holes adding 660 metres, focused on the Lightning and Wildflower prospects.

The Lightning prospect saw 26 RC holes drilled for 4,803 metres, primarily aimed at extending known gold zones while also testing new discovery targets and potential repeat zones. Complementing this, four diamond drill holes were completed to provide critical geological data necessary for the upcoming maiden JORC Mineral Resource estimate targeted for mid-2026.

Strategic Importance of Lightning and Wildflower

Lightning remains central to Terrain’s exploration strategy, with the recent conversion of its tenement to a Mining Lease marking a significant step towards resource development. Previous drilling at Lightning has yielded impressive gold and silver grades, underscoring the prospect’s potential. The company plans to release the Lightning RC assay results in March 2026, followed by diamond drilling results in late April.

Meanwhile, the Wildflower prospect represents a new frontier for Terrain, with 13 RC holes drilled to test three high-priority targets identified through induced polarisation surveys and gold-in-soil anomalies. These targets are structurally similar to those at Lightning, suggesting promising exploration upside. Results from Wildflower are also expected in late April 2026.

Broader Exploration and Growth Potential

Terrain’s application of the Lightning geological model to Wildflower highlights a systematic approach to exploration, aiming to replicate success across the Smokebush project area. The company continues to identify multiple untested priority targets, signalling ongoing growth potential beyond the current drilling campaign.

Executive Director Justin Virgin emphasised the milestone nature of the drilling completion, noting the importance of the upcoming assay results in underpinning the maiden resource estimate and advancing the company’s broader exploration objectives.

Outlook and Market Implications

With assay results imminent, Terrain Minerals stands at a pivotal juncture. Positive results could validate the geological model, support resource growth, and enhance the project’s attractiveness to investors and partners. The Mining Lease conversion further strengthens the project’s development prospects, potentially accelerating Terrain’s path towards production.