Business
Half-Yearly Report 2019
Half-Yearly Report 2019.
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 6410A Tertiary Minerals PLC 30 May 2019 \n\n30 May 2019\n \nTERTIARY MINERALS PLC\n(\"Tertiary\" or \"the Company\")\n \nHALF-YEARLY REPORT 2019\n \nTertiary Minerals plc, the AIM-traded company building a multi-commodity project portfolio, announces its unaudited interim results for the six months ended 31 March 2019.\n \nOperational Summary for the Six Months Ending 31 March 2019:\n \nPaymaster Project and Acquisition Opportunities\n \n· The Company has staked claim to the Paymaster zinc-copper-silver-cobalt-tellurium prospect in Nevada, USA\n· Grab samples assay up to 21% zinc (Zn), 6.5% lead (Pb), 3.3% copper (Cu) and 253g/t silver (Ag)\n· Mineralisation intermittently exposed and sampled over 1.7km strike length\n· Samples also contain high levels of high-tech metals tellurium and cobalt (Co)\n· Successful soil sampling programme recently completed:\n \nØ 165 soil samples\nØ Significant elevated levels of Ag, Cu, Zn, Co and Pb over a strike length of over 2,000 metres, maximum values:\n \n§ Ag: 17.5 ppm\n§ Cu: 896 ppm\n§ Zn: 872 ppm\n§ Co: 33 ppm\n§ Pb: 2251 ppm\n \n· The Company will now conduct follow-up field work to define drilling targets\n· Several new projects are currently being assessed 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\nStoruman Fluorspar Project, Sweden - Exploitation (Mine) Permit Progress\n \n· The Company, together with its Swedish Lawyers, has prepared and submitted, on the 3 May 2019, a detailed appeal to the Swedish government against the decision by the Swedish Mining Inspectorate to reject Tertiary's Exploitation (Mine) Permit in its current form\nMB Fluorspar Project, Nevada, USA - Metallurgical Testwork Progress\n \n· Scoping Study level bench scale metallurgical testwork progressing at SGS Lakefield in Canada with the aim of producing commercial grade acid-spar and ...