Tertiary Minerals PLC Mt Tobin Project Update (0720U)
27 July 2020 - 4:00PM
UK Regulatory
TIDMTYM
RNS Number : 0720U
Tertiary Minerals PLC
27 July 2020
27 July 2020
Tertiary Minerals plc ("Tertiary" or "the Company")
Mt Tobin Project Update
Further to its announcement of 20 July 2020, Tertiary Minerals
plc is pleased to provide the analytical results from preliminary
reconnaissance sampling at the Company's Mt Tobin Silver Prospect
in Nevada, USA.
Mt Tobin Silver Prospect
Ø Main target - large area of hydrothermal alteration 60m wide x
1,200m long with associated silver geochemical anomaly recorded by
previous explorer.
Ø Preliminary rock samples taken from prospector's hand dug pits
have returned silver values of up to 101 grammes/tonne (g/t) silver
(3.12 ounces/ton) with several other samples returning between 15
and 91g/t silver.
Ø These and other anomalous results were returned over a 450m
strike length sampled to date.
Ø Mineralisation is open to north and south, structurally
controlled and spatially related to dyke intrusion.
Ø Further mapping, sampling and soil sampling is planned to
better define the widths and strike extent of mineralisation in
this poorly exposed area.
A plan showing the location and distribution of the
reconnaissance sampling results is available on the Company's
website at:
https://www.tertiaryminerals.com/projects/other-projects/mt-tobin
Commenting today, Executive Chairman Patrick Cheetham said:
"These are very pleasing results from initial reconnaissance
work at Mt Tobin and we look forward to increasing the pace of
exploration on this and other precious metal projects in our Nevada
portfolio this summer and autumn. It's an interesting time for
silver with the silver price up 80% in the past 18 weeks and
arguably showing more leverage than the gold price in the current
market conditions."
For more information please contact:
Tertiary Minerals plc:
Patrick Cheetham, Executive
Chairman +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
------------------------------
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
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.
Note to Editors:
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded
mineral exploration and development company building a
multi-commodity project portfolio.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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