Business
Drilling Programme
Drilling Programme.
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n RNS Number : 5365Z Tertiary Minerals PLC 17 January 2011 \n \n\n \n \n \nwww.tertiaryminerals.com\n(\"Tertiary\" or \"the Company\")\n \n17 January 2010\n \n DRILL PROGRAMME TO START AT FINLAND GOLD PROJECT\nProgramme aims to test gold bearing zone at Kiekerömaa\n \nTertiary Minerals plc, a diversified mineral explorer and developer building a significant strategic position in the fluorspar sector, is pleased to announce that a drill rig is being mobilised this week to its 100% owned Kiekerömaa gold project in the Lappland Greenstone Belt in Northern Finland.\n \nKey points:\n \n· Drilling will test the Kiekerömaa gold mineralised zone previously discovered by Finnish company Outokumpu in 1997.\n \n· 1997 Reverse Circulation drill intersections include 5m grading 6g/t gold and 2m grading 7g/t gold at shallow depth. \n \n· Eight holes planned over 300m strike length, subject to initial drill holes achieving acceptable core recovery.\n \nThe drill programme is expected to start this week and will be carried out by the Geological Survey of Finland (GTK). Drilling is expected to last for 4 weeks with assay results becoming available approximately 8 weeks after the completion of drilling.\n \nThe Kiekerömaa project is part of the wider gold interests of the Company which include the Kaaresselkå gold project, 20km to the east. They are located within the Lappland Greenstone Belt which hosts a number of advanced gold projects and two operating gold mines including the six million ounce* Kittila Gold mine operated by Canadian major, Agnico Eagle Mines.\n \nThe Kiekerömaa prospect was drilled in 1997 by Outokumpu when six shallow reverse circulation drill holes were completed to follow up an area of gold-anomalous soils found during regional soil sampling. Encouraging gold-bearing drill intersections were made by Outokumpu but were not followed up in that period of low and declining gold prices. The bedrock near surface is quite strongly weathered and so the new programme will commence with two test holes to see if acceptable core recovery can be achieved with the proposed drilling system.\n \nCommenting on today's news, Patrick Cheetham, Executive Chairman, said: \"Whilst...