Terrain Minerals finds seven new gold drill targets at Smokebush

Terrain has selected seven priority targets for RC drilling. The priority-one targets sit within granted Mining Lease M59/0796, where the company is focused on growing its existing gold and silver resource inventory across the Lightning project and the broader lease area.

Five additional priority-two targets were identified across the survey area: two at Lightning, one at Paradise City, one at Hurley, and one at Wildflower. Those will be evaluated and scheduled for testing in future programs.

Virgin said the IP results continue to highlight the area’s prospectivity and Terrain’s objective of identifying repetitions of the Lightning discovery. The new target inventory will form the exploration portion of the next RC drilling campaign, following the maiden Lightning mineral resource estimate announced in late July 2026.

“The main purpose of that campaign was to capture mineralisation that currently sits outside the MRE, together with extensions to it,” he said. Terrain is finalising drilling contractor arrangements and will advise the market of the timetable closer to commencement.

TMX held steady at 0.3¢, with a market capitalisation of $11.13 million prior to the announcement.