16 October
2024
Tertiary Minerals plc
("Tertiary" or the "Company")
Mushima North
Drilling
Further to its announcement of 23
September 2024, the Company is pleased to advise that the Company's
inaugural drill programme at its Mushima North Copper Project in
Zambia has now been completed.
Summary:
·
Drilling aimed to test the A1 and C1 coincident
copper, zinc and arsenic soil anomalies defined by the Company's
soil sampling programmes completed in 2023 (see announcements dated
5 October and 16 October 2023 for further details).
·
Twenty-five aircore/reverse circulation drillholes
completed to a maximum depth of 112m.
·
Three drill traverses completed at anomaly A1, one
drill traverse at anomaly C1.
·
Portable X-Ray Fluorescence ("pXRF) analysis of
drill samples now being completed, together with QA/QC checks.
Selected samples will also be sent to an independent laboratory for
check analysis.
·
pXRF analytical results will be released as soon
as possible.
A plan showing the location of
Mushima North drill holes can be found at the end of this
release.
Patrick Cheetham, Executive
Chairman of Tertiary Minerals plc said:
"Our inaugural drill programme at Mushima North went smoothly
and was extremely successful, meeting its objectives in full. The
Mushima North area is quite remote and largely inaccessible for
exploration during the wet season, so we are pleased to have
completed the drill programme and demobilised the drill equipment
before the onset of the rains."
Further Information:
|
Tertiary Minerals plc:
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Patrick Cheetham, Executive
Chairman
|
+44 (0) 1625 838
679
|
|
SP
Angel Corporate Finance LLP
Nominated Adviser and Broker
|
|
Richard Morrison
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+44 (0) 203 470 0470
|
|
Caroline Rowe
|
|
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Peterhouse Capital Limited
Joint Broker
|
|
Lucy Williams
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+ 44 (0) 207 469 0930
|
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Duncan Vasey
|
|
Market Abuse Regulation
The information contained within
this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication
of this announcement via Regulatory Information Service ('RIS'),
this inside information is now considered to be in the public
domain.
Notes:
1.
The information in this
release has been compiled and reviewed by Mr. Patrick Cheetham
(MIMMM, MAusIMM) who is a qualified person for the purposes of the
AIM Note for Mining and Oil & Gas Companies. Mr. Cheetham is a
Member of the Institute of Materials, Minerals & Mining and
also a member of the Australasian Institute of Mining &
Metallurgy.
2.
The news release may
contain certain statements and expressions of belief, expectation
or opinion which are forward looking statements, and which relate,
inter alia, to the Company's proposed strategy, plans and
objectives or to the expectations or intentions of the Company's
directors. Such forward-looking statements involve known and
unknown risks, uncertainties, and other important factors beyond
the control of the Company that could cause the actual performance
or achievements of the Company to be materially different from such
forward-looking statements. Accordingly, you should not rely on any
forward-looking statements and save as required by the AIM Rules
for Companies or by law, the Company does not accept any obligation
to disseminate any updates or revisions to such forward-looking
statements.
