Business
Pyramid Gold Project - Update
Pyramid Gold Project - Update.
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2608D Tertiary Minerals PLC 18 February 2020 \n\n18 February 2020\nTertiary Minerals plc (\"Tertiary\" or \"the Company\")\nPyramid Gold Project - Update\nTertiary Minerals plc is pleased to provide the following update on its plans to drill test the Pyramid Gold Project in Nevada, USA.\nPyramid Project Highlights\n \n· Drill contract tenders received and preferred contractor identified\n \n· Drone photogrammetric survey completed to control drilling and future exploration\n \n· Initial drilling will seek to confirm priority epithermal vein drill target:\n \nØ Drill hole PYR 9 - intersected visible gold and assayed 1.52m grading 17.8 g/t Au from 94.5m down hole\n \nØ PYR 9 ended in 1.52m grading 2.6 g/t Au at 115.8m depth\n \n \nCommenting today, Managing Director, Richard Clemmey said:\n\"We are pleased to be reporting good progress with the groundwork leading up to the first drill hole on the Pyramid Gold Project in Nevada where we are looking to confirm and expand upon successful historic exploration results.\"\n\"The deposit provides an exciting gold target where our team has recently identified analogies with the high-grade multi-million-ounce gold deposits at the Midas and Fire Creek mines in Nevada. We look forward to updating the market in due-course on the proposed drilling.\"\nDetailed Information\nPreliminary details of the Pyramid Gold Project were contained in the Company's announcement of 28 May 2019.\nIn preparation for drilling at the Pyramid project the Company has received tenders from a number of drilling companies and a preferred drilling contractor has been selected. In addition, the Company has selected a consulting geologist with a background in the evaluation of epithermal gold deposits in Nevada to supervise the drilling and to log and sample drill core.\nIn order to provide accurate spatial control for drilling and other exploration the Company has completed a detailed drone photogrammetric survey and prepared detailed photogrammetric imagery of the entire project area.\nThe Company is targeting high-grade epithermal style gold mineralisation at Pyramid and will initially seek to confirm the results of drilling carried out by Battle Mountain Exploration Company in 1989...