Business
Drilling - Konkola West Copper Project, Zambia
Drilling - Konkola West Copper Project, Zambia.
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n\n16 April 2024\n \nTertiary Minerals plc (\"Tertiary\" or \"the Company\")\n \nDRILLING - KONKOLA WEST COPPER PROJECT, ZAMBIA\n \nFurther to its announcement of 9 April 2024 regarding the receipt of various consents for its earn-in agreement with a subsidiary of KoBold Metals Company (\"KoBold\") and local partner Mwashia Resources Ltd, the Company is pleased to announce that drilling is now underway at the Konkola West Copper Project in Zambia.\n \nFurther Information:\n\n\n\n\nTertiary Minerals plc:\n\n\n\n\nPatrick Cheetham, Executive Chairman\n\n\n+44 (0) 1625 838 679 \n\n\n\n\nSP Angel Corporate Finance LLP\nNominated Adviser and Broker\n\n\n\n\nRichard Morrison\n\n\n+44 (0) 203 470 0470\n\n\n\n\nCaroline Rowe \n\n\n\n\n\n\n\nPeterhouse Capital Limited\nJoint Broker\n\n\n\n\nLucy Williams\n\n\n+ 44 (0) 207 469 0930\n\n\n\n\nDuncan Vasey\n\n\n\n\n\n\n\n \n \nBackground Information\nThe Konkola West Project comprises Exploration Licence 27067-HQ-LEL which covers 71.9 sq. km. and is located 18km northwest of Chingola in the Central African Copperbelt.\nThe Konkola West Project is targeting projected deep down-dip and along-strike extensions of the contiguous Lubambe-Mingomba-Konkola copper deposits to the east of the Licence and which extend north into the Musoshi mining complex in the Democratic Republic of the Congo. Together these deposits comprise a 15 kilometres long continuous zone of mineralisation that contained a pre-mining endowment of over 775 million tonnes grading 2-3% copper. Konkola West, is located approximately 2,000 metres southwest of the Mingomba deposit, which lies between the Konkola and Lubambe mines, and has historic resource estimates with around 9 million tonnes of contained copper.\nThe Company's other interests in Zambia include the Jacks Copper Project, where the Company completed soil sampling and drilling in 2022 and where further drilling is now warranted, and also the Mukai and Mushima North project areas which are subject to a data sharing and technical cooperation with First Quantum Minerals. Recent soil sampling at Mukai and Mushima North has recently defined a number of large copper-in-soil anomalies.\nThe Company also owns a portfolio of base metal and precious metal projects in Nevada, USA and a fluorspa...