Tertiary Minerals (TYM)

Sector:

Mining

Index:

FTSE AIM All-Share

0.061p
   
  • Change Today:
      0.001p
  • 52 Week High: 0.18
  • 52 Week Low: 0.060
  • Currency: UK Pounds
  • Shares Issued: 2,574.84m
  • Volume: 6,340,755
  • Market Cap: £1.58m
  • RiskGrade: 594

Tertiary Minerals gets provisional sampling results from Jacks

By Josh White

Date: Tuesday 08 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Explorer and developer Tertiary Minerals announced provisional results from its detailed soil sampling at the Jacks Copper Project in Zambia on Tuesday, as well as the definition of multiple copper soil anomalies in different areas of the exploration licence.
The AIM-traded firm said the sampling programme was completed on schedule and budget, with 1,807 samples collected on a 200 metre-by-40 metre spacing over four separate grids.

It said pXRF elemental analysis of samples in the field gave real time data, defined soil anomalies and allowed for immediate follow up sampling.

Follow-up sampling was carried out on three of the four grids at 100 metre-by-40 metre spacing, with multiple soil anomalies defined with a peak value of 535 parts of copper per million, and with sufficient ground control to allow for drill testing.

The board said the results compared "favourably" with soil anomalies in the vicinity of various ore zones at current and past producing mines on the copper belt.

It added that the results from the pXRF analysis were regarded as provisional, with check samples now being sent to a South African laboratory for traditional wet-chemical analysis.

"The soil sampling programme went smoothly, thanks to our contractor GeoQuest and our local partner Mwashia Resources," said executive chairman Patrick Cheetham.

"We are delighted with the results obtained to date, which, although provisional, have defined multiple soil anomalies in favourable Lower Roan stratigraphy that are of the same order of magnitude as those reported to occur in the vicinity of ore-zones at past and currently operating mines elsewhere in the copper belt.

"Jacks is one of five projects in Zambia where we currently have an interest and we expect to issue an update shortly regarding our wider Zambia portfolio."

At 1138 GMT, shares in Tertiary Minerals were down 4.78% at 0.2p.

Reporting by Josh White for 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 0.061p
Change Today 0.001p
% Change -2.00 %
52 Week High 0.18
52 Week Low 0.060
Volume 6,340,755
Shares Issued 2,574.84m
Market Cap £1.58m
RiskGrade 594

TYM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.99% below the market average25.99% below the market average25.99% below the market average25.99% below the market average25.99% below the market average
22.14% below the sector average22.14% below the sector average22.14% below the sector average22.14% below the sector average22.14% below the sector average
Price Trend
83.66% below the market average83.66% below the market average83.66% below the market average83.66% below the market average83.66% below the market average
66.43% below the sector average66.43% below the sector average66.43% below the sector average66.43% below the sector average66.43% below the sector average
Income Not Available
Growth
33.05% below the market average33.05% below the market average33.05% below the market average33.05% below the market average33.05% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average

TYM Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
11:14 500,000 @ 0.061p
11:13 950,000 @ 0.061p
10:43 2,000,000 @ 0.061p
09:46 390,491 @ 0.063p
09:26 50,000 @ 0.060p

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