Tertiary Minerals (TYM)

Sector:

Mining

Index:

FTSE AIM All-Share

0.100p
   
  • Change Today:
      0.003p
  • 52 Week High: 0.18
  • 52 Week Low: 0.063
  • Currency: UK Pounds
  • Shares Issued: 2,574.84m
  • Volume: 22,392,604
  • Market Cap: £2.57m
  • RiskGrade: 594

Tertiary kicks off first drill programme at Jacks Copper Project

By Josh White

Date: Tuesday 17 May 2022

LONDON (ShareCast) - (Sharecast News) - Explorer and developer Tertiary Minerals announced the start of its first drill programme at the Jacks Copper Project in Zambia on Tuesday.
The AIM-traded firm said Jacks lies within exploration licence 27069-HQ-LEL, held by local partner Mwashia Resources, where Tertiary has an exclusive option to earn up to a 90% joint venture interest.

It said visual observations of core from the first drill hole indicated the presence of copper mineralisation, confirmed by portable x-ray fluorescence (XRF) measurements on site.

Chrysocolla and malachite occurred as veins and in fractures, and as disseminations over several metres around 90 metres downhole depth, corresponding to a depth of approximately 74 metres below surface, the company added.

It was the first drill hole of a programme designed to accurately locate previously-intersected mineralised zones, and test their continuity, to depths up to 150 to 180 metres below surface.

Tertiary said the drilling phase would consist of 750 to 1,000 metres of 'HQ' and 'NQ' oriented drill core.

The core would be analysed on site using portable XRF, and mineralised intervals would be sent to the SGS laboratory in Kalulushi for analysis.

Historic work established a 16 kilometre open-ended soil geochemical anomaly at Jacks, with historic logs reporting intersections as wide as 23.95 metres grading at 1.26% total copper, including intervals as high as 3.19% total copper over 2.15 metres.

"We are very pleased to have our first drill programme in Zambia up and running and are encouraged by visible copper mineralisation in the first hole drilled," said managing director Patrick Cullen.

"The portable XRF we have on site is proving very useful.

"At this early stage, the drilling is focused on demonstrating mineralisation at grades and depths that are practical for open pit operations. It is apparent from historic work that there is significant structural complexity at Jacks."

Cullen said the company was collecting core orientation data, which it expected to provide an improved understanding of the structural geometry and controls on mineralisation, and help guide its exploration going forward.

"We believe that Jacks has the potential to host potential economic mineralisation and we look forward to reporting laboratory results and further updates going ahead."

At 1110 BST, shares in Tertiary Minerals were up 5.14% at 0.22p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TYM Market Data

Currency UK Pounds
Share Price 0.100p
Change Today 0.003p
% Change 2.56 %
52 Week High 0.18
52 Week Low 0.063
Volume 22,392,604
Shares Issued 2,574.84m
Market Cap £2.57m
RiskGrade 594

TYM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.73% below the market average37.73% below the market average37.73% below the market average37.73% below the market average37.73% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
68.35% below the market average68.35% below the market average68.35% below the market average68.35% below the market average68.35% below the market average
35.17% below the sector average35.17% below the sector average35.17% below the sector average35.17% below the sector average35.17% below the sector average
Income Not Available
Growth
32.48% below the market average32.48% below the market average32.48% below the market average32.48% below the market average32.48% below the market average
20.63% below the sector average20.63% below the sector average20.63% below the sector average20.63% below the sector average20.63% below the sector average

TYM Dividends

No dividends found

Trades for 24-Apr-2024

Time Volume / Share Price
16:35 32,887 @ 0.100p
16:35 32,887 @ 0.100p
16:07 30,769 @ 0.097p
15:45 500,000 @ 0.100p
14:45 34,053 @ 0.095p

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