Business
Audited Results for the year to 30 September 2019
Audited Results for the year to 30 September 2019.
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n \n \n RNS Number : 4980D\n Tertiary Minerals PLC\n 19 February 2020\n \n \n \n \n TERTIARY MINERALS PLC\n \n \n (\"Tertiary\" or the \"Company\")\n \n \n 19 February 2020\n \n \n Audited Results for the year to 30 September 2019\n \n \n The Board of Tertiary Minerals plc is pleased to announce audited results for the year ended 30 September 2019. \n \n \n OPERATIONAL HIGHLIGHTS FOR THE 12 MONTHS ENDING 30 SEPTEMBER 2019:\n \n \n In line with the Company's strategy to build a new multi-commodity project portfolio to enable the Company to reduce its future geographical, technical, permitting and commodity risk exposure and provide long-term shareholder value, two new exploration projects have been acquired in the period:\n \n \n Pyramid Project\n \n \n Ø \n Geological analogies with high-grade multi-million ounce Fire Creek & Midas Gold Mines\n \n \n Ø \n 20-year lease secured over group of 9 patented claims with option to purchase (subject to underlying royalties)\n \n \n Ø \n Additional 25 mining claims staked to cover additional targets along strike\n \n \n Ø \n Limited historical exploration (1989-90) has defined priority epithermal vein drill target: \n \n \n · \n Drill hole PYR 9 - intersected visible gold and assayed 1.52m grading 17.8 g/t Au from 94.5m down hole\n \n \n · \n PYR 9 ended in 1.52m grading 2.6 g/t Au at 115.8m depth\n \n \n Ø \n PYR 9 was only drill hole to effectively test a cohesive 750m long open-ended gold-mercury-arsenic soil geochemical anomaly\n \n \n Ø \n Claims contain a number of untested epithermal veins and stockwork target zones - 43 widespread surface samples assayed up to 7.27 g/t Au and averaged 1.3 g/t Au\n \n \n Ø \n The State of Nevada:\n \n \n · \n 5th largest gold producer in world\n \n \n · \n 5.58 M oz of gold produced in 2018\n \n \n · \n Ranked #1 most desirable mining jurisdiction in the world by The Fraser Institute\n \n \n Ø \n The Company is currently planning an initial drilling programme; drill contractor selected to start as soon as possible.\n \n \n Paymaster Polymetallic Project\n \n \n Ø \n The Company staked claim to the Paymaster zinc-copper-silver-cobalt-tellurium prospect in Nevada, USA \n \n \n Ø \n Grab samples assay up to 21% zinc (Zn), 6.5% lead (Pb), 3.3% copper (Cu) and 253g/t silver (Ag)\n \n \n Ø \n Mineralisation intermittently exposed and sampled o...