Tertiary Minerals plc has agreed up to a £450,000 unsecured convertible loan for three years to further exploration at the Mushima North silver-copper-zinc project in Zambia. TVRs The company will allot and issue 37,500,000 new ordinary shares for fees to the lender, Sanderson Capital Partners Ltd, at 0.06 pence, being the closing bid price on […]
Tag: Tertiary Minerals plc
Tertiary begins 1,000m drilling at Mushima North
Tertiary Minerals plc has started 1,000-metre reverse circulation drilling to test extensions of mineralisation at target A1 on the Mushima North silver-copper-zinc project in Zambia. EXTENSIONS The programme will focus on “further lateral extensions” of known mineralisation in the area around high-grade silver and copper mineralisation in the north. Drilling will also test continuity of […]
Tertiary marks highest grades yet at Mushima North
Tertiary Minerals plc recorded the highest silver and copper grades to date, and extended mineralisation by 100 metres, at Mushima North in the iron-oxide-copper-gold region of Zambia. UNKNOWN ZONE “Thick near surface” mineralisation now reaches over an area measuring 450m long and up to 400m wide, while remaining open to the north-northwest, south-southeast and at […]
Tertiary extends silver intervals at Mushima North
Tertiary Minerals plc returned “thick, near-surface” intervals of silver mineralisation, extended 225 metres farther northwards, from two follow-up drill holes on target A1 at Mushima North in Zambia. TONNAGE The target is a large copper-in-soil anomaly measuring 3.1km by 1.7km, associated with a 1.7km by 0.5km zinc anomaly and coincidental to 1.3km by 0.3km silver-in-soil […]
Tertiary begins 1,500m drilling at Mushima North
Tertiary Minerals plc has started up to 1,500 metres combined air core and reverse circulation drilling programme at the large target A1 silver-copper-zinc prospect at Mushima North in Zambia. ELEMENTS The campaign will test over 1.6km of strike and up to 0.3km width, as well as the depth extension of mineralisation in key areas to […]
Tertiary increases fundraise to £375,000
Tertiary Minerals plc has added £25,000 to its June fundraise through a directors’ subscription for new ordinary shares each of 0.01 pence, at 0.03 pence per new ordinary share. TVRs Managing director Richard Belcher and executive chairman Patrick Cheetham each subscribed for 33,333,333 ordinary shares, taking their holdings to 34,206,695 and 117,972,857 shares respectively. Non-executive […]