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  5. Tertiary Minerals invests in promising Pyramid Mining District of Nevada

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Share Price: 0.10
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Tertiary Minerals invests in promising Pyramid Mining District of Nevada

Tue, 28th May 2019 15:56

(Sharecast News) - Tertiary Minerals has secured exploration rights and an option to purchase a group of claims in the Pyramid Mining District of Nevada, it announced on Tuesday.The AIM-traded firm said the project was located 25 miles north west of the city of Reno, and was "easily accessible" by sealed highway.It said a 20-year lease had been secured over group of nine patented claims, with option to purchase subject to underlying royalties.An additional 25 mining claims had been staked to cover additional targets along the strike.The acquisition was located in the "productive" Walker Lane porphyry copper and epithermal gold belt, with limited historical exploration between 1989 and 1990 having defined a priority epithermal vein drill target.Drill hole PYR 9 had intersected visible gold, and assayed 1.52m grading at 17.8 grams per tonne of gold from 94.5m down hole.That hole ended in 1.52m grading at 2.6 grams per tonne of gold at 115.8m depth, and was the only drill hole to effectively test a cohesive 750m long open-ended gold-mercury-arsenic soil geochemical anomaly.Tertiary said the claims contained a number of untested epithermal veins and stockwork target zones, with 43 widespread surface samples assayed up to 7.27 grams per tonne of gold, and averaged 1.3 grams per tonne of gold.The board noted that the state of Nevada was the fifth largest gold producer in world, with 5.6 million ounces of gold produced in 2017, and 169.1 million ounces gold produced between 1835 and 2018.It was ranked the number one most desirable mining jurisdiction in the world by The Fraser Institute."We are delighted to have acquired an interest in the Pyramid Project," said Tertiary Minerals managing director Richard Clemmey."Projects with high-grade gold results in drilling that have not already been followed up are hard to find in Nevada."This acquisition follows the staking of the Paymaster Project earlier this year and is in line with our strategy to build a new project portfolio which will enable the company to reduce its future geographical, technical, permitting and commodity risk exposure and provide long-term shareholder value."
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28 May 2019 10:06

Tertiary Minerals Snaps Up Mining Lease On Nevada Gold Belt

LONDON (Alliance News) - Tertiary Minerals PLC has secured a long-term lease over nine claims on a "productive" gold belt in the US state of Nevada, the company said Tuesday.The a

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21 Feb 2019 15:42

Tertiary Minerals stakes claim at Paymaster, makes progress at MB

(Sharecast News) - Tertiary Minerals has staked claim to the Paymaster zinc-copper-silver-cobalt-tellurium prospect in Nevada on Thursday.

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21 Feb 2019 10:23

Tertiary Minerals Stakes Claim To Paymaster Prospect In US

LONDON (Alliance News) - Tertiary Minerals PLC on Thursday said it has staked claim to the Paymaster polymetallic prospect in the US state of Nevada.Tertiary Minerals said that grab samples

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14 Feb 2019 16:04

UK Shareholder Meetings Calendar - Next 7 Days

Friday 15 Februaryno events scheduledMonday 18 Februaryno events 19 & Bonar (re 20

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25 Jan 2019 15:13

Tertiary Minerals raises £0.25m through placing

(Sharecast News) - Fluorspar-focussed Tertiary Minerals has raised £0.25m before expenses by way of a placing of 83,333,333 new ordinary shares at 0.3p per share, it announced on Friday.

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25 Jan 2019 10:43

Tertiary Minerals Raises GBP250,000 To Further Fluorspar Projects (ALLISS)

LONDON (Alliance News) - Tertiary Minerals PLC said Friday that it has raised GBP250,000 in gross proceeds via a share placing for developing its mineral projects.The fluorspar exploration

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12 Dec 2018 12:34

Tertiary Minerals Annual Loss Widens On Exploration Impairments

LONDON (Alliance News) - Tertiary Minerals PLC on Wednesday reported a widened annual loss due to an impairment of deferred exploration costs at its Swedish Storuman fluorspar project.In to

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22 May 2018 13:50

Tertiary Minerals Loss Narrows, Evaluates Potential Acquisition

LONDON (Alliance News) - Tertiary Minerals PLC on Tuesday reported a narrowed loss for the first half of 2018 financial year due to absence of impairment charges and gains on disposal of the half

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1 Feb 2017 17:11

Sunrise Resources Issues Shares To Tertiary Minerals For Fee Payment (ALLISS)

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12 Jan 2017 09:28

Tertiary Minerals Eyes Acquisitions After Delays At Swedish Project

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12 Jan 2017 09:02

Tertiary Minerals trips after delaying Swedish fluorspar project

(ShareCast News) - Shares in Tertiary Minerals fell as the explorer said there had been development delays to its most advanced fluorspar project in Sweden. The company, which is aims to develop 100% owned fluorspar projects from discovery towards commercial production, said that the Storuman projec

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15 Dec 2016 12:39

Tertiary Minerals welcomes Swedish government decision

(ShareCast News) - Fluorspar developer Tertiary Minerals updated the market on Thursday, on the progress of the mine permit appeal process for its Storuman fluorspar project in Sweden. The AIM-traded company said, subsequent to the update it provided on 13 December in the annual report, it has now b

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13 Dec 2016 08:48

Tertiary Minerals narrows losses as development continues

(ShareCast News) - Fluorspar developer Tertiary Minerals announced its audited results for the year to 30 September on Tuesday, with revenue of £0.19m up from £0.18m. The AIM-traded firm narrowed its operating loss to £0.39m, compared to £0.42m last year, with a total loss for the year of £0.47m, le

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5 Dec 2016 10:10

Tertiary Minerals offloads non-core gold assets in Finland

(ShareCast News) - Tertiary Minerals announced the sale of its non-core gold assets, Kaaresselkä and Kiekerömaa in Finland on Monday, to TSX-V listed Aurion Resources. The AIM-traded company said Aurion is a Canadian listed precious metals exploration company primarily focusing on the development of

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5 Dec 2016 08:27

Tertiary Minerals Sells Non-Core Gold Assets In Finland

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