Terra Metals (ASX:TM1) said resource upgrade drilling at the Dante project in Western Australia confirmed thick, continuous copper-titanium-vanadium-platinum group elements-gold mineralization from surface in multiple drillholes across previously undrilled areas of the Reef 2, according to a Thursday Australian bourse filing.
It encountered intercepts of 25 meters at 0.83% grade of copper-equivalent from 21 meters, and 45 meters at 0.70% grade of copper-equivalent from 19 meters to the end-of-hole.
The third phase drilling program was completed, comprising over 21,000 meters of drilling, including 8,784 meters of reverse circulation drilling and 1,563 meters of diamond drilling across 120 drillholes.
The firm's shares jumped 4% in recent trading on Thursday.