Tertiary Minerals PLC
29 November 2007
Tertiary Minerals plc
(the 'Company')
TERTIARY'S SCOUT DRILLING RETURNS WIDE MAGNETITE INTERSECTS AT IRON ORE TARGET
IN FINLAND
• Potential Demonstrated For Near Surface Ore
• Two Of Three Shallow Holes Programmed End In Mineralisation
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Tertiary Minerals ('Tertiary' or 'the Company') announces that an initial scout
drill programme of three holes has been completed on its Sivakkalehto iron-ore
target in the heart of the Kolari iron-ore district in northern Finland.
Drill core from the project has now been logged and samples submitted for
analysis. Visual inspection of the drill core, whilst not able to accurately
predict grades, indicates that all three holes intersected significant widths of
variably disseminated magnetite (an iron-ore mineral that can be magnetically
concentrated to shipping-grades) with narrower intervals of semi-massive
magnetite. Two of the holes ended in strong disseminated magnetite
mineralisation.
The three scout holes were each drilled at a 60 degree dip to the north-west at
200m intervals along the strike of the central part of the north-east trending
ground magnetic anomaly. Hole lengths varied between 101m and 126 m each.
Two of the holes also intersected wide intervals of weakly disseminated iron
sulphides with copper sulphides visible in a few places. Assaying for copper and
gold will also be undertaken as these metals have been produced historically as
a by-product of iron-mining in this district.
Tertiary's chairman Patrick Cheetham commented: 'We are encouraged by our first
look at the new drill core. Whilst the core is still subject to laboratory
assays, it appears that the programme was successful in terms of demonstrating
the potential for significant near surface iron mineralisation. Drilling to date
has tested only a relatively short and narrow part of a wider anomaly and with
mineralisation continuing at varying intensities at the bottom of each hole, the
full width of the anomaly needs to be traversed in future drilling programmes.'
Assay results from Tertiary's drilling should be known by the end of 2007.
Further info:
Patrick Cheetham, Executive Chairman, Tertiary Minerals plc. Tel: +44 (0)
1625-626203
Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: +44(0)20-7628-5518
Notes:The information in this release has been compiled and reviewed by Mr.
Patrick Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of
the AIM Guidance Note for Mining Oil & Gas Companies issued on March 16, 2006.
Mr Cheetham is a Member of the Institute of Materials, Minerals & Mining and
also a member of the Australasian Institute of Mining & Metallurgy.
This information is provided by RNS
The company news service from the London Stock Exchange