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Spread: 0.005 (8.333%)

Market Cap: £4.45m

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Tertiary Minerals Reports Soil Sampling Results From Paymaster Project

Tue, 16th Feb 2021 10:14

(Alliance News) - Tertiary Minerals PLC on Tuesday said it has now received results from soil sampling and a detailed magnetic survey at its Paymaster polymetallic project in Nevada, US.

The AIM-listed mineral exploration & development company reported that infill soil sampling was completed over the East Slope prospect, with zinc-silver soil anomalies defined over 450 metres.

In addition, the company said magnetic vector inversion modelling has defined magnetic bodies associated with East Slope and Valley prospects and additional targets for exploration.

Going forward, Tertiary Minerals proposed field mapping and trenching for spring and summer 2021.

"I am pleased to be reporting further progress at Paymaster with existing targets being better defined, and new targets generated," said Executive Chair Patrick Cheetham.

"We hope to be able to advance the project to the drill stage in the next few months alongside a number of our other projects in Nevada where the results of our autumn exploration programmes are expected soon," added Cheetham.

Tertiary Minerals shares were trading 3.4% lower in London on Tuesday at 0.52 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com