Terra Metals’ (ASX:TM1) initial assays from the SW5 target at the Southwest prospect within the Dante Project have confirmed a second new platinum group metal–copper–nickel sulfide discovery.
Drillhole SWT011 intersected a 69-meter continuously mineralised interval, including multiple high-grade PGM zones with associated copper and nickel.
SW5 is located roughly 800m south of the previously announced SW6 discovery, demonstrating that PGM sulfide mineralization occurs across multiple locations in the Southwest area.
While mineralisation at the northern SW6 prospect is interpreted as being near a potential feeder pipe, SW5 appears to host a more stratigraphically controlled, reef-style sulfide horizon, suggesting multiple styles of mineralisation and supporting the potential for a large, multi-phase magmatic sulfide system.