AI assistant
ST BARBARA LIMITED — Capital/Financing Update 2012
May 7, 2012
65749_rns_2012-05-07_087517b3-e941-4766-8094-494f0213ead7.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
8 May 2012 Company Announcement
==> picture [185 x 110] intentionally omitted <==
BLACK CAT JV ASSAY RESULTS
ASX ANNOUNCEMENT
ASX CODE: TMX, TMXOA
CAPITAL STRUCTURE
TMX - Shares on Issue 346.53m TMXOA - Options on Issue 18.24m - Unlisted Options 73.18m
DIRECTORS & KEY MANAGEMENT
Dick Sandner Non-Exec Chairman Jonathan Lim Non-Exec Vice Chairman Alan Coles Managing Director Paul Dickson Non-Exec Director Ian Hobson Company Secretary
Terrain Minerals has received the assay results from the RC Drill program at Craig Extended. This is part of the Black Cat JV with St Barbara in which Terrain is earning 75%.
The Drilling tested the 1km long gold soil anomaly at 200m intervals in the granite / basalt contact zone directly along strike from Old Craig Workings.
Significant results as shown were encountered from the first ever drilling of the Craig Extended.
| Hole # | Down Hole | Sample Interval | Gold |
|---|---|---|---|
| From To | Meters | ||
| CERC002 | 85 – 86m | 1.0 | 0.40 g/t |
| CERC013 | 33 – 34m | 1.0 | 0.42 g/t |
| 43 – 44m | 1.0 | 2.26 g/t | |
| CERC016 | 37 – 38m | 1.0 | 0.63 g/t |
| CERC017 | 11 – 15m | 4.0 | 0.85 g/t |
PRINCIPAL REGISTERED OFFICE
Terrain Minerals Ltd ABN: 45 116 153 514
Suite 4, Level 1 230 Rokeby Road Subiaco 6008 Western Australia
Analysis is ongoing to determine future drilling requirements.
Three other soil anomalies in the Black Cat remain still to be tested and includes extensions to old workings at Katalina and Craig.
On behalf of the Board:
Postal Address PO Box 1702 Subiaco WA 6904
CONTACT
==> picture [82 x 58] intentionally omitted <==
Alan Coles Managing Director
Alan Coles
Terrain Minerals Ltd
PH: +61 8 9381 5558 Fax: +61 8 9381 5551 WEB: www.terrainminerals.com.au EMAIL: [email protected]
Terrain Minerals Ltd ABN: 45 116 153 514
Contact
Telephone: +61 8 9381 5558 Facsimile: +61 8 9381 5551 Email: [email protected]
1
==> picture [56 x 729] intentionally omitted <==
Competent Persons Statements
The information in this report that relates to Exploration Results and JORC compliant Mineral Resources is based on information compiled by Mr Alan Coles, who is a full time employee of Terrain Minerals Ltd. Mr Coles is a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Coles consents to the inclusion in the report of the matters based on information in the form and context in which it appears.
Project Location Map
==> picture [358 x 378] intentionally omitted <==
2
==> picture [56 x 730] intentionally omitted <==
Black Cat Soil Anomalies
==> picture [365 x 279] intentionally omitted <==
Craig Extended RC Drilling
| Hole | North | East | RL | MAG AZI | DIP | Hole Depth |
|---|---|---|---|---|---|---|
| CERC001 | 6867203.000 | 315281.000 | 494 | 180o | 60o | 60 |
| CERC002 | 6867174.000 | 315264.000 | 495 | 180o | 60o | 120 |
| CERC003 | 6867144.000 | 315289.000 | 492 | 180o | 60o | 180 |
| CERC004 | 6867228.000 | 315478.000 | 499 | 180o | 60o | 142 |
| CERC005 | 6867193.000 | 315495.000 | 498 | 180o | 60o | 120 |
| CERC006 | 6867166.000 | 315502.000 | 498 | 180o | 60o | 60 |
| CERC007 | 6867226.000 | 315683.000 | 504 | 180o | 60o | 153 |
| CERC008 | 6867197.000 | 315685.000 | 503 | 180o | 60o | 120 |
| CERC009 | 6867169.000 | 315683.000 | 506 | 180o | 60o | 60 |
| CERC010 | 6867269.000 | 315886.000 | 498 | 180o | 60o | 180 |
| CERC011 | 6867247.000 | 315882.000 | 499 | 180o | 60o | 180 |
| CERC012 | 6867221.000 | 315883.000 | 509 | 180o | 60o | 177 |
| CERC013 | 6867272.000 | 316086.000 | 500 | 180o | 60o | 180 |
| CERC014 | 6867248.000 | 316083.000 | 499 | 180o | 60o | 180 |
| CERC015 | 6867222.000 | 316077.000 | 503 | 180o | 60o | 180 |
| CERC016 | 6867250.000 | 315684.000 | 497 | 180o | 60o | 60 |
| CERC017 | 6867275.000 | 315684.000 | 496 | 180o | 60o | 60 |
1