Tertiary Minerals PLC Pyramid Gold Project Update (0379J)
07 Aprile 2020 - 9:47AM
UK Regulatory
TIDMTYM
RNS Number : 0379J
Tertiary Minerals PLC
07 April 2020
7 April 2020
Tertiary Minerals plc ("Tertiary" or "the Company")
Pyramid Gold Project Update
Following on from the announcement dated 18 February 2020,
Tertiary Minerals plc is pleased to provide a further update on its
plans to drill test the Pyramid Gold Project in Nevada, USA.
Pyramid Project Drilling Highlights
-- Drill planning completed and drilling contract signed
-- Drill rig expected to be mobilised in the week commencing 20
April 2020, following completion of a third-party drilling
programme by the drilling contractor
-- Nevada based consulting geologist with a background in the
evaluation of epithermal gold deposits has been contracted to
manage the drilling and to log and sample the drill core
-- Initial drilling will seek to confirm priority epithermal vein drill target:
Ø Drill hole PYR 9 - intersected visible gold and assayed 1.52m
grading 17.8 g/t Au from 94.5m down hole
Ø PYR 9 ended in 1.52m grading 2.6 g/t Au at 115.8m depth
-- All planned activities can be carried out in compliance with
the State of Nevada 'stay at home' policies to address the COVID-19
pandemic
Commenting today, Managing Director, Richard Clemmey said:
"We are pleased to have secured an experienced geologist and
drilling contractor for the initial drilling at Pyramid and look
forward to providing updates in due course when the drilling
commences."
COVID-19 in Nevada
On 1 April 2020 the State of Nevada implemented a stay at home
policy other than for essential businesses, reporting to work as an
essential worker, and to participate in outdoor activities so long
as aggressive social distancing is practised. As of the date of
this announcement, Mining (including drilling operations) falls
into the essential business category and strict protocols have been
implemented by the State for all mining/drilling activities to
manage the COVID-19 risk.
The health and safety of the Company's employees and contractors
is of paramount importance and strict procedures will be
implemented for the drilling in line with the State of Nevada
protocols. The Company continues to closely monitor the
developments regarding COVID-19 and any changes which may affect
the drilling will be announced accordingly.
For more information please contact:
Tertiary Minerals plc:
Richard Clemmey, Managing Director +44 (0) 1625 838 679
------------------------------
Patrick Cheetham, Chairman
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SP Angel Corporate Finance LLP
Nominated Adviser and Broker
Richard Morrison +44 (0) 203 470 0470
------------------------------
Caroline Rowe
------------------------------
Peterhouse Capital Limited
Joint Broker
Lucy Williams + 44 (0) 207 469 0930
-------------------------------
Duncan Vasey
------------------------------
Notes:
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Notes to Editors
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded
mineral exploration and development company building a
multi-commodity project portfolio.
CAUTIONARY NOTICE
The news release may contain certain statements and expressions
of belief, expectation or opinion which are forward looking
statements, and which relate, inter alia, to the Company's proposed
strategy, plans and objectives or to the expectations or intentions
of the Company's directors. Such forward-looking statements involve
known and unknown risks, uncertainties and other important factors
beyond the control of the Company that could cause the actual
performance or achievements of the Company to be materially
different from such forward-looking statements. Accordingly, you
should not rely on any forward-looking statements and save as
required by the AIM Rules for Companies or by law, the Company does
not accept any obligation to disseminate any updates or revisions
to such forward-looking statements.
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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END
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