CEO Words - Highest Intercepts & More To Come!2 Sep 2025 08:33
Richard Belcher, Managing Director of Tertiary Minerals plc, commented:
"We are excited to report the first laboratory analytical results from the recent Phase 2 drill programme, including our highest intercepts for both silver and copper so far. These results increase the extent of the thick, near surface intervals of silver mineralisation a further 225m to the north of the previous drilling. The silver mineralisation remains open and is supported by the recently announced portable X-Ray Fluorescence results which indicate the mineralisation footprint is larger, at least approximately 350m by 300m.
"The results, albeit for only the first two drill holes of the programme, are very encouraging and provide further support for the potential of Target A1 as a primarily silver target. Wide intervals of near surface silver with higher-grade intervals, for example 73m at 32 g/t silver, including 11m at 94 g/t silver, support our bulk tonnage, open pit silver exploration model. These silver grades and widths (supported by copper and zinc values) are comparable to silver grades and widths from open pit silver deposits elsewhere in the world. As such we are also now looking at undertaking mineralogical studies as part of the initial metallurgical testing to better understand the mineralisation style and metallurgical properties and potential processing options.
"We eagerly await the additional analytical results in the coming weeks for the other drill holes and the mineralogical/metallurgical work thereafter."
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