Further to the Company’s announcements of 21 February 2019 and 30 May 2019, Tertiary Minerals plc is pleased to advise that initial follow-up field reconnaissance of soil anomalies at its recently acquired Paymaster Polymetallic Project in Nevada has identified two zones of zinc-silver mineralisation for follow-up exploration and drilling.
Highlights:
Valley Prospect
- New thick skarn zone observed in the field: Approximately 350m long and up to 8m thick
- Rock sample taken from historic shaft spoil assayed 7.5% zinc, 4.3% lead and 180g/t silver
East Slope Prospect
- 650m long zinc soil anomaly (100-250 ppm zinc) surrounding previously sampled outcrop of zinc-silver cobalt bearing skarn mineralisation, including 175m long 250-500 ppm zinc soil anomaly
- Previous rock sample assays up to 20.9% zinc, 0.11% cobalt and 198 ppm silver within the prospect
- Infill soil sampling and trenching proposed to better define drill target
Additional soil anomalies require further evaluation
Richard Clemmey, Managing Director of the Company, commented today:
“We are pleased to be reporting these two new targets as a result of follow up of our soil sampling results at the Paymaster Project and to be closing in on drill targets at such an early stage in the life of the project. This follows on from our recent acquisition of the Pyramid Gold Project, also in Nevada, where drill targets for gold are already defined.
These results demonstrate how value can be added at low cost as we build up a new portfolio of base and precious metal projects in the western USA.”
| Enquiries Tertiary Minerals plcRichard Clemmey, Managing DirectorPatrick Cheetham, Chairman |
+44 (0) 1625 838 679 |
| SP Angel Corporate Finance LLP
Nominated Adviser & Joint Broker Lindsay Mair/Caroline Rowe |
+44 (0) 203 470 0470 |
| SVS Securities plc
Joint Broker Elliot Hance |
+44 (0) 203 700 0093 |