Terrain Minerals (ASX:TMX) has recommenced its reverse circulation drilling campaign at the 100% owned Smokebush Gold & Silver Project, located 350km north of Perth, following a Christmas and New Year break.
The campaign, which began in late November 2025, comprises 34 holes totaling over 6,800m.
Prior to the holiday pause on Dec. 18, 2025, 12 holes covering 2,459m were completed at the Lightning prospect.
Drilling has now resumed at Lightning, with the rig set to progress to the Wildflower prospect to test three priority induced polarisation targets displaying geological similarities to Lightning.
Terrain is targeting its maiden JORC resource at Lightning by mid-2026. The recently granted mining lease over the Lightning tenement reinforces the project’s development potential.
Previous drilling at Lightning has returned high-grade results, including 22m at 2.71 g/t gold with 21 metres at 15.79 g/t silver, and other gold-silver intersections, with additional assays pending.
The company's quarterly report, released Jan. 5, confirmed a cash balance of $2 million, plus $450,000 subject to shareholder approval at the upcoming Jan. 30 general meeting, bringing total available funds to $2.3 million.
Terrain's exploration strategy at Smokebush continues to focus on extending known gold zones at Lightning while rapidly advancing Wildflower targets, leveraging successful techniques that have delivered high-grade results.
First RC drilling for 2026 is now underway, signaling a new phase of exploration activity across the project’s priority prospects.
At the time of reporting, Terrain Minerals' share price was $0.0050.