News blog

Tertiary Minerals

• BY: Andrew Hore |
• POSTED: 13/01/2014 |

Fluorspar project developer Tertiary Minerals has released results for four of the 22 exploration wells drilled in phase 2 f the exploration at its project in Nevada. 

The results show that there is still potential for a substantial mineral resource at the project.

The results from the three holes in the southern area show thick shallow mineralisation, which is open in all directions. The previous 10 holes in the area suggested a potential open pit resource.

In the central area the results show multiple thick intersections with grades increasing the deeper the hole.

At 11.25p a share, Tertiary is valued at £18.2m. There was £1.19m in the bank at the end of September 2013, excluding restricted cash.

Download the latest AIM Journal from http://wwww.hubinvest.com/AIMPDFDecember2013_51.pdf