Tertiary Minerals PLC on Wednesday reported positive new drilling results from its first drill programme at its Jacks copper project in Zambia.
The Macclesfield, England-based mineral exploration and development company intersected “significant” copper mineralisation in all four diamond drill holes at the project.
Results from each drill hole included: 13.5 metres grading 0.9% copper from 77.5 metres downhole, 7.0 metres grading 0.6% copper from 54.0 metres, 6.0 metres grading 1.8% copper from 105.0 metres, and 14.0 metres grading 0.8% copper from 27.0 metres.
Planning is now underway for further evaluation of the historical copper anomaly that extends over a strike length of 16 kilometres within the licence area.
Tertiary Minerals added it is in the process of earning a 90% joint venture interest in the project. It currently holds a 51% interest but has exercised its option to earn more.
Jacks is one of five licences in Zambia in which Tertiary has the right to earn a 90% interest from joint venture partner Mwashia Resources Ltd.
“Given that the Jacks prospect lies within a 16km long soil geochemical anomaly, it is clear we are dealing with an exciting target with considerable potential,” commented Chair Patrick Cheetham.
Shares in Tertiary Minerals were up 4.7% at 0.16 pence on Wednesday mid-morning in London.
