Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Tertiary Minerals upbeat on fresh Brunton Pass findings

(Sharecast News) - Tertiary Minerals announced optimistic findings from a recent geophysical survey at its Brunton Pass Copper-Gold Project in Nevada on Thursday. The AIM-traded firm said the survey, encompassing induced polarisation (IP) and resistivity techniques over 7.2 line-kilometres across four lines, spanning a total target strike length of 700 metres, revealed a coherent electrical chargeability anomaly indicative of sulphide mineralisation.

That anomaly, potentially bearing copper or gold, was observed consistently across all IP survey lines.

Of particular significance was the spatial correlation noted between the chargeability anomaly and previously-identified geological features.

Those include copper-mercury-arsenic soil anomalies, an alteration zone in trench T11 displaying heightened levels of pathfinder elements arsenic and mercury, and a gold-bearing zone in trench T2 where gold values reached up to 2.7 grams per tonne.

Moreover, resistivity variations seen in the survey were found to align with surface geology, aiding in the delineation of subsurface geological structures.

Given the promising nature of the findings, the identified chargeability anomaly had been designated as a high-priority drill target for potential epithermal gold or porphyry copper mineralisation.

Tertiary Minerals said it intended to schedule drilling activities as budgets permitted, ensuring alignment with its broader exploration strategy, including activities in Zambia.

"The IP anomaly defined by this survey is large and present over the full 700 metre length tested by the survey," said executive chairman Patrick Cheetham.

"The results from our previous rock, soil and trench sampling all vector towards this anomaly which is now a compelling drill target for the discovery of an epithermal gold or porphyry deposit."

Cheetham said much attention had been focussed on the firm's copper exploration projects in Zambia, particularly on the Konkola West Project, where drilling was in progress with the potential to deliver "transformational" results for the company.

"However, we continue to advance our key projects in Nevada, so I am pleased to be reporting these new results."

At 1030 BST, shares in Tertiary Minerals were up 4.86% at 0.1p.

Reporting by Josh White for Sharecast.com.

Share this article

Related Sharecast Articles

Frontier IP's Alusid launches another range with Topps Tiles
(Sharecast News) - Frontier IP announced on Friday that its portfolio company Alusid has launched its first range of floor tiles through Parkside Architectural Tiles, the commercial division of Topps Tiles.
Enteq appoints new head of finance
(Sharecast News) - Energy service engineering and technology company Enteq announced the appointment of Amir Absoud as its head of finance on Friday, to immediately succeed the current chief financial officer, Mark Ritchie.
EnSilica to raise £0.3m through retail offer
(Sharecast News) - EnSilica announced a retail offer through the Winterflood Retail Access Platform (WRAP) on Friday, to raise up to £0.3m.
Recurring revenue, adjusted earnings rise for Pulsar Group
(Sharecast News) - Audience intelligence software specialist Pulsar Group said in its final results on Friday that its annualised recurring revenue (ARR) increased £2.7m, a significant improvement from the flat performance in the prior financial year.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.