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

AFC Energy inks deal to supply fuel cells to Niftylift
(Sharecast News) - Hydrogen power generation technology developer AFC Energy announced an agreement to supply its S Series fuel cell modules to Niftylift UK on Monday.
WH Ireland in talks with Zeus Capital about sale of capital markets arm
(Sharecast News) - Financial adviser WH Ireland confirmed on Monday that it is talks with UK investment bank Zeus Capital about the potential sale of its capital markets division.
Kefi shares pop on official launch of Tulu Kapi
(Sharecast News) - Kefi Gold and Copper officially launched the Tulu Kapi Gold Mines (TKGM) project in Ethiopia on Monday.
Sajid Javid reportedly in talks to join Shein ahead of London IPO
(Sharecast News) - Singapore-based fast fashion retailer Shein has reportedly approached the former chancellor Sajid Javid about joining the company ahead of its rumoured listing on the London Stock Exchange.

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.