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Tertiary Mineral's Paymaster Polymetallic Project Update

Mining News - Published on Wed, 17 Jul 2019

Image Source: Tertiary Minerals plc
Paymaster Polymetallic Project announcements of 21 February 2019 and 30 May 2019, Tertiary Minerals is pleased to advise that initial follow-up field reconnaissance of soil anomalies at its recently acquired Paymaster Polymetallic Project in Nevada has identified two zones of zinc-silver mineralisation for follow-up exploration and drilling. Mr Richard Clemmey, Managing Director of the Company, commented “We are pleased to be reporting these two new targets as a result of follow up of our soil sampling results at the Paymaster Project, and to be closing in on drill targets at such an early stage in the life of the project. This follows on from our recent acquisition of the Pyramid Gold Project, also in Nevada, where drill targets for gold are already defined. These results demonstrate how value can be added at low cost as we build up a new portfolio of base and precious metal projects in the western USA.”

Highlights:

Valley Prospect
New thick skarn zone observed in the field: Approximately 350 meter long and up to 8 meter thick
Rock sample taken from historic shaft spoil assayed 7.5% zinc, 4.3% lead and 180 gram per tonne silver

East Slope Prospect
650m long zinc soil anomaly (100-250 ppm Zinc) surrounding previously sampled outcrop of zinc-silver cobalt bearing skarn mineralisation, including 175m long 250-500 ppm zinc soil anomaly
Previous rock sample assays up to 20.9% zinc, 0.11% cobalt and 198 ppm silver within the prospect
Infill soil sampling and trenching proposed to better define drill target
Additional soil anomalies require further evaluation

Source :

Posted By : Ratan Singh on Wed, 17 Jul 2019
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