Tertiary Minerals plc (LON: TYM), the AIM traded mineral exploration and development company, whose strategic focus is on energy transition and precious metals, is pleased to announce that contractors have been appointed for the Company’s upcoming drill programme at the Pyramid Silver-Gold Project in Nevada.
Highlights
- Drill pad construction and site access is complete and Envirotech Drilling LLC (“Envirotech”) of Winnemucca, Nevada has been appointed as contractor to undertake reverse circulation (“RC”) drilling;
- Surface mineralisation has been shown to extend over a strike extent of at least 530 metres at the North Ruth target, with grades as high as 595 g/t silver (17.35 ounces/ton) and 0.66 g/t gold intersected in exploration trenches;
- The objective of the drill programme is to establish the continuity of the silver and gold mineralisation at depth and will comprise six holes for an estimated 4,000 feet of RC drilling;
- Envirotech will mobilise and begin drilling in the second week of March 2022.
Commenting today, Managing Director Patrick Cullen said:
“The progression of geological mapping, geochemical and trenching programmes completed to date at Pyramid have established an exciting silver and gold target at North Ruth. Demonstrating continuity and mineralisation at depth is the next step and will give guidance on the scale of the opportunity.
I am happy to be drilling according to our planned schedule and to have secured Envirotech, especially considering the high demand for drilling rigs in Nevada. Nevada is a top-rated mining jurisdiction globally, with high levels of activity across exploration and mining projects, and this is reflected by the demand for contractors locally.
I am also pleased to say that the geologist who has managed each step of the work undertaken to date will be overseeing this drilling. We look forward to providing updates going forward.”
Updated Presentation
The latest investor presentation is available on the Company website at www.tertiaryminerals.com and includes updated information as well as a 3D visualisation of the upcoming drill programme.
For more information please contact:
| Tertiary Minerals plc: | ||
| Patrick Cullen, Managing Director | +44 (0) 1625 838 679 | |
| SP Angel Corporate Finance LLP – Nominated Adviser and Broker | ||
| Richard Morrison | +44 (0) 203 470 0470 | |
| Caroline Rowe | ||
| Peterhouse Capital Limited – Joint Broker | ||
| Lucy Williams | + 44 (0) 207 469 0930 | |
| Duncan Vasey | ||