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Drill Update - Finland Gold Project
Drill Update - Finland Gold Project.
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 0322F Tertiary Minerals PLC 18 April 2011 \n\nTertiary Minerals plc \n \nwww.tertiaryminerals.com\n(\"Tertiary\" or \"the Company\")\n18 April 2011\n \n DRILLING UPDATE - FINLAND GOLD PROJECT\nResults indicate potential for significant gold-bearing sulphide mineralised zone.\n \nTertiary Minerals plc, a diversified mineral explorer and developer building a significant strategic position in the fluorspar sector, is pleased to announce the results of its first drill programme at its 100% owned Kiekerömaa gold project in the Lappland Greenstone Belt in Northern Finland.\n \nThe drilling programme, whilst affected by low core recovery, has indicated the potential for a significant gold-bearing sulphide mineralised zone. Geophysics and follow-up drilling is being planned.\n \nKey points:\n \n· Eight diamond drill holes completed over 300m strike length for total of 619m of drilling.\n \n· Core loss in shallow holes suggests: \n \nØ deep weathering of hydrothermally altered rocks associated with extensive gold-mineralised zone, and\n \nØ mineralised zone not meaningfully sampled in the majority of shallow holes.\n \n· Deeper holes with good core recovery gave best result: 4.55m grading 3.62g/t gold from 89.90m within thick sulphide-mineralised zone - 50.55m grading 0.49g/t gold from 74.25m to the base of the hole in 11KAD-006 at the western edge of the area tested.\n \n· Geophysics planned to outline the extent of the gold-bearing sulphide zone and to locate further drill targets.\n \nCommenting on today's news, Patrick Cheetham, Executive Chairman, said \"Although too early to talk in terms of a significant discovery, it is unusual to find such deep weathering in this part of Finland and our experience suggests this reflects the preferential weathering of hydrothermally altered and sulphide mineralised rocks which we now know to be associated with the gold mineralisation at Kiekerömaa. \n \n\"It's an exciting and intriguing prospect and we will be following up with geophysical exploration to map out the extent of the sulphide mineralised system, and further drill testing using more effective drilling techniques.\"\n \n \n \n&nb...