Sub-Sahara Mining & Industrial Journal
Mining News

Tertiary Minerals rises on positive drill results at Zambian project

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.

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