Tertiary Minerals reports promising results at Zambia project

LONDON - Tertiary Minerals plc (AIM:TYM) has announced encouraging exploration outcomes from its Mushima North Project in Zambia, revealing significant polymetallic mineralization. The company, focusing on the discovery and development of energy transition metals, has identified multiple exploration targets within the project that are now at the drill-ready stage.

The Mushima North Project, situated in the Iron-Oxide-Copper-Gold (IOCG) region of northwestern Zambia, spans approximately 350km2 and is held through Tertiary’s subsidiary, Copernicus Minerals Limited. The project is in close proximity to the historic Kalengwa copper-silver mine.

Tertiary’s exploration activities have benefitted from a technical cooperation agreement with First Quantum Minerals (OTC:FQVLF) Limited (FQM), granting access to extensive historic exploration data and technical expertise. Initial exploration efforts have included re-assaying historic boreholes and soil sampling, which have confirmed the presence of polymetallic silver-copper-zinc mineralization.

The company’s recent drilling program concentrated on the A1 target, where results indicated wide and thick intersections of low-grade polymetallic mineralization, with some holes ending in mineralization. Notable drill results include 65 meters at 23 grams per tonne (g/t) silver, 0.14% copper, and 0.27% zinc from just 9 meters downhole.

Despite the early stage of exploration, the company has drawn parallels between the mineralization at Mushima North and the nearby Kalengwa deposit. Tertiary Minerals’ Managing Director, Richard Belcher, stated that the project "hosts several drill-ready exploration targets" and that the initial exploration results are promising, with mineralization remaining open-ended along strike and down dip.

Belcher also highlighted that Mushima North will be the focal point of their planned exploration for the upcoming field season. The exploration targets defined thus far are based on historic geochemical and geophysical survey data, which align with Tertiary’s current exploration model.

While the company has outlined the potential for an open-cast, low-grade polymetallic target model at the A1 target, it also notes the presence of untested electromagnetic anomalies that could represent additional drill targets.

The exploration activities at Mushima North are part of Tertiary Minerals’ broader strategy to develop copper and precious metal resources in mining-friendly jurisdictions. The company emphasizes that the data presented is based on a press release statement and cautions that forward-looking statements regarding the company’s strategy and exploration plans involve risks and uncertainties.

Investors and stakeholders will be watching closely as Tertiary Minerals continues to explore and develop its portfolio of projects, with particular attention to the potential impact of the promising findings at Mushima North on the company’s future prospects.

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