Terra Metals (ASX:TM1) found multiple zones of massive sulfides in this year's first diamond hole at the Southwest SW6 prospect within the Dante project in Western Australia, according to a Thursday filing with the Australian bourse.
The newly discovered semi-massive to massive sulfide layers occur within a 320-meter zone characterized by dominantly disseminated to net-textured sulfides, the filing said.
Assays are expected to be received within eight to twelve weeks, per the filing.
Shares rose 13% in morning trade on Thursday.