Tertiary Minerals Provides Drilling Update on Mukai Copper Project
Why we think this is neutral
This RNS announcement provides an update on the initial drilling results at Tertiary Minerals' Mukai Copper Project in Zambia. While the results indicate the presence of near-surface anomalous copper and nickel mineralization, the announcement does not contain any of the mandatory news types that would warrant a more positive or negative sentiment score. The information provided is factual and does not include any financial figures, guidance, or other data points that would significantly impact the company's outlook.
Key Points
- Completion of initial scout drilling programme of three diamond drill holes for a total length of approximately 554m
- Near surface anomalous (>500 ppm) copper mineralization intersected, including 0.12% Cu over 3.8m and 0.17% Cu over 2m
- Near surface and thick intervals of anomalous (>500 ppm) nickel mineralization intersected, including 558 ppm Ni over 63.1m
- Two drill holes targeted the broader copper-in-soil anomaly and one hole tested the geology of the Tirosa Basin
- Exploration programme/next steps currently under review with partner FQM
Summary
Tertiary Minerals plc (AIM: TYM) has provided an update on the initial drilling results from its Mukai Copper Project in Zambia. The three-hole drilling program, managed by partner First Quantum Minerals Limited, intersected near-surface anomalous copper and nickel mineralization. The company noted that the drilling has only tested a small portion of the broader copper-in-soil anomaly, and further exploration is currently under review with FQM.