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Tertiary Minerals Inc

Publié le 19 février 2015

19 February 2015 - MB PROJECT - FINAL RESULTS FOR PHASE 3 DRILLING

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19 February 2015 - MB PROJECT - FINAL RESULTS FOR PHASE 3 DRILLING

0 Building a Strategic Position in the Fluorspar Sector

AIM Announcement 19 February 2014

TERTIARY MINERALS PLC ("Tertiary" or "the Company")

MB Fluorspar Project Update

Final Results for Phase 3 Drilling

Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, is pleased to release analytical results from the final two of nine holes drilled in the Phase 3 drilling programme at its MB fluorspar project in Nevada, USA.

HIGHLIGHTS:

Final results for Phase 3 drilling programme

Hole 14TMBRC034 located to the north of the Central Area:

7.62m grading 9.6% CaF2 from 109.73m depth

Hole 14TMBRC035 located to the north of the Central Area:

15.24m grading 11.43% CaF2 from 120.40m depth, total of three significant(1) fluorspar intersections
Including 3.05m grading 19.68% CaF2 from 123.44m

Fluorspar mineralisation remains open in all directions


Commenting today, Managing Director, Richard Clemmey said: "Results from the Phase 3 drilling programme have been very encouraging particularly in the Western Area where we have seen some of the best fluorspar grades and intersections to date and opened up a large target area to the west of the existing Mineral Resource. We now look forward to modelling the results and expect to see an increase in the size of the already large existing Mineral Resource."
An updated map showing the location of the completed Phase 3 drill holes is available on the
Company's website:
http://www.tertiaryminerals.com/projects/fluorspar-projects/mb-fluorspar-nevada-usa
More detailed information and a complete tabulation of significant drilling results for drill holes
14TMBRC034 and 14TMBRC035 are given below. Reported thicknesses are believed to be approximate

true thicknesses based on flat-lying mineralisation.

AIM: TYM | Find out more at www.tertiaryminerals.com





ENQUIRIES

Tertiary Minerals plc

Patrick Cheetham, Executive Chairman
Richard Clemmey, Managing Director

Tel: +44 (0)845 868 4580

S P Angel Corporate Finance LLP Nominated Adviser & Joint Broker Ewan Leggat / Katy Birkin

Tel: +44 (0)203 463 2260

Beaufort Securities Limited

Joint Broker

Saif Janjua

Tel: +44 (0)207 382 8300

Yellow Jersey PR Limited

Dominic Barretto / Kelsey Traynor Tel: +44 (0)7768 537 739

Detailed Information

Project Background

The MB Project claims are located in an area of good infrastructure 19km southwest of the County town of Eureka in central Nevada, USA. Nevada is long recognised as one of the most attractive mining jurisdictions in the world.
Since acquiring the project in late 2012, the Company has already completed a number of important milestones. Full details of the completed milestones and results from Phase 1 & 2 drilling have previously been reported by the Company and resulted in the substantial maiden JORC(3) (2012 Edition) Minerals Resource Estimate of 38.4 million tonnes grading 10.4% CaF2.

Phase 3 Drilling

Following the completion of the maiden JORC(3) (2012 Edition) Mineral Resource Estimate the
Company moved quickly into planning the next phase of drilling, Phase 3. The Phase 3 Drilling programme was completed in November 2014 and comprised a further 9 holes totalling 2,546 metres using the reverse circulation (percussion) method of drilling.
The results from the first seven holes drilled in Phase 3 have been previously reported by the Company,
14TMBRC027-33. The results being reported today are from drill holes 14TMBRC034 and
14TMBRC035, being the final two holes of nine holes drilled in Phase 3.

The key objective for drilling holes 14TMBRC034-35 were to test the continuation of the fluorspar to the north of the Central Area of the existing Mineral Resource and the results have confirmed that this objective has been achieved.

AIM: TYM


Drill Hole 14TMBRC034 is located approximately 25m to the north of the Central Area of the existing Mineral Resource boundary and was drilled to a depth of 282m. Significant(1) fluorspar was limited to a single 7.62m intersection in this hole which demonstrates continuity of fluorspar mineralisation to the north. However the limited thickness may indicate a thinning of the fluorspar mineralisation to the north of the current Mineral Resource.
Drill Hole 14TMBRC035 is located approximately 100m to the north of the Central Area of the existing Mineral Resource boundary and was drilled to a depth of 251m. Three significant(1) fluorspar intersections were encountered totalling 15.24m grading 11.43% CaF2, which again demonstrates continuity of fluorspar mineralisation to the north of the Central Area of the existing Mineral Resource. The results from this hole suggests future investigation is warranted to the north east of the Central Area.
Collectively analysing the results from all of the nine holes drilled in Phase 3, the area to the west of the existing Mineral Resource (Western Area) is the most promising and the Company looks forward to modelling the results and increasing the current Mineral Resource base at the MB Project.

Fluorine analysis

Samples from holes 14TMBRC034 and 14TMBRC035 were submitted to Bureau Veritas Minerals Pty Ltd in Australia (ISO-17025 accredited) for analysis. All samples were analysed for fluorine using the fused bead X-ray fluorescence (XRF) method. The samples submitted included various known standards, blanks and field duplicates as a further QA/QC check on the results. The QA/QC checks on the results being reported today are all within acceptable limits and therefore the Company is able to release the data.

Foot Notes

1. Significant fluorspar (CaF2) mineralisation is defined by the Company as a minimum three metre drill intersection above 8% fluorspar (CaF2) cut-off and containing a maximum three metre drill intersection below 8% fluorspar (CaF2) cut-off. This cut off is currently applied for reporting of the drill results from MB project as this is the cut-off used for the most recent Mineral Resource estimate. However, in the context of reporting drill results it does not imply an economic cut off. An economic cut-off will depend on many factors and will not be determined until feasibility studies, if warranted, are carried out.

2. Mineralisation having a weighted average grade of composite sample intervals greater than 15% CaF2.

3. JORC is the Australian Code for the reporting of exploration results, Mineral Resources and Ore Reserves prepared by the Joint Ores Reserves Committee (JORC) of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and the Minerals Council of Australia.

4. The information in this release has been compiled and reviewed by Mr. Richard Clemmey (BSc, CEng, MIQ, MIMMM, ARSM) who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies dated June

2009. Mr Clemmey is a Chartered Engineer and a Member of the Institute of Materials, Minerals & Mining.

5. Cautionary Note: Traditional analytical methods measure fluorine content and the reported fluorite (CaF2, fluorspar) contents are calculated on the assumption that all fluorine is present as fluorite. However small amounts of fluorine can occur in mica and other minerals commonly present in skarn mineralised systems.

AIM: TYM

Notes to Editors

Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-quoted mineral exploration and development company building a significant strategic position in the fluorspar sector. Fluorspar is an essential raw material in the chemical, steel and aluminium industries. Tertiary controls two significant Scandinavian projects (Storuman in Sweden and Lassedalen in Norway) and a large deposit of strategic significance in Nevada USA (MB Project).

Table of Significant(1) Drilling Results from Holes 14TMBRC034 and 14TMBRC035

Drill Hole

Number

Down Hole

Thickness

(m)

Grade

Fluorspar

CaF2%

From (m)

To (m)

14TMBRC034

7.62

9.60

109.73

117.35

14TMBRC035

6.10

12.90

120.40

126.49

6.10

10.15

156.97

163.07

3.05

11.05

217.93

220.98

Table of Higher Grade Intervals (>15% CaF2)(2)

Dril Hole

Number

Down Hole

Thickness

(m)

Grade

Fluorspar

CaF2%

From (m)

To (m)

14TMBRC035

3.05

19.68

123.44

126.49

AIM: TYM

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Données et statistiques pour les pays mentionnés : Jersey | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Jersey | Tous

Tertiary Minerals Inc

EXPLORATEUR
CODE : TYM.L
ISIN : GB0008854563
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Tertiary Min. est une société d’exploration minière d'or et de cuivre basée au Royaume-Uni.

Tertiary Min. détient divers projets d'exploration en Finlande.

Ses principaux projets en exploration sont STORUMAN en Suede et KOLARI IRON ORE et VAHAJOKI en Finlande.

Tertiary Min. est cotée au Royaume-Uni et en Allemagne. Sa capitalisation boursière aujourd'hui est 75,4 millions GBX (89,5 millions US$, 81,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 28 février 2014 à 9,98 GBX, et son plus bas niveau récent le 02 août 2019 à 0,18 GBX.

Tertiary Min. possède 359 106 157 actions en circulation.

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Projets de Tertiary Minerals Inc
20/08/2012plc - Positive Scoping Study at Lassedalen
17/11/2009(Storuman)Storuman Fluorspar Tonnage/Grade Estimate
06/08/2009(Storuman)Storuman Scoping Study Update
09/03/2009(Vahajoki)Project update
09/12/2008(Kolari Iron Ore)Kolari Iron Project - Licence Extension
05/11/2008Drill hole assays boost Tertiary's Swedish Fluorspar Project
02/09/2008(Storuman)DRILLING RESULTS CONFIRM STORUMAN FLUORSPAR DEPOSIT...
08/07/2008(Storuman)CONTRACT AWARDED FOR MINERAL PROCESSING TESTWORK ON STORUMAN
14/04/2008(Storuman)DRILLING STARTS ON STORUMAN FLUORSPAR DEPOSIT IN SWEDEN
22/02/2008(Kolari Iron Ore)FAST-TRACK EVALUATION & DEVELOPMENT OF ITS MAJOR FLUORSPAR D...
29/11/2007SCOUT DRILLING RETURNS WIDE MAGNETITE INTERSECTS AT IRON ORE...
22/05/2006recovers 50 tonne drill sample of Ghurayyah ore for metallur...
19/04/2006SRK quantifies uranium & Yttrium resource at Ghurayyah tanta...
Communiqués de Presse de Tertiary Minerals Inc
26/05/201626 May 2016 - PLACING, ISSUE OF EQUITY & TOTAL VOTING RIGHTS
31/03/201631 March 2016 - TOTAL VOTING RIGHTS
29/03/201629 March 2016 - STORUMAN MINE PERMIT APPEALS
26/01/201626 January 2016 - DIRECTOR DEALING
12/01/201612 January 2016 - PUBLICATION OF REPORT AND ACCOUNTS / NOTIC...
04/01/201631 December 2015 - DIRECTORS DEALING
14/12/201514 December 2015 - AUDITED RESULTS FOR THE YEAR TO 30 SEPTEM...
30/10/201530 October 2015 - TOTAL VOTING RIGHTS
06/10/20156 October 2015 - PLACING, ISSUE OF EQUITY & TOTAL VOTING RIG...
27/08/201527 August 2015 - DIRECTOR DEALING, ISSUE OF EQUITY AND TVR
30/07/201530 July 2015 - DIRECTOR DEALING ISSUE OF EQUITY TOTAL VOTING...
30/07/201530 July 2015 - DIRECTOR DEALING ISSUE OF EQUITY TVR & CORREC...
31/03/201531 March 2015 - PLACING, ISSUE OF EQUITY & TOTAL VOTING RIGH...
19/03/201519 March 2015 - DIRECTOR'S DEALING
12/03/201512 March 2015 - DIRECTOR'S DEALING
09/03/20159 March 2015 - EXERCISE OF WARRANTS, ISSUE OF EQUITY AND TVR
02/03/201527 February 2015 - TOTAL VOTING RIGHTS
02/03/201523 February 2015 - DIRECTOR'S DEALINGS, ISSUE OF WARRANTS, T...
23/02/201523 February 2015 - PROACTIVE INVESTORS ONE2ONE INVESTORS FOR...
19/02/201519 February 2015 - MB PROJECT - FINAL RESULTS FOR PHASE 3 DR...
06/02/20155 February 2015 - RESULTS OF AGM
05/02/20155 February 2015 - AGM PRESENTATION - 5 FEBRUARY 2015
22/01/201522 January 2015 - MB PROJECT - FURTHER SIGNIFICANT ANALYTICA...
18/12/201418 December 2014 - MB PROJECT - SIGNIFICANT ANALYTICAL RESUL...
27/11/201427 November 2014 - PHASE 3 DRILLING UPDATE
29/10/201429 October 2014 - PHASE 3 DRILLING PROGRAMME UPDATE
20/08/2013plc - Updated Company Presentation
20/02/2013plc - AGM Presentation
16/10/2012plc - New Company Presentation
14/05/2012plc - Article in the Sunday Telegraph Business Reporter Supp...
25/04/2012plc - Updated Company Presentation
30/03/2012Article in Shares Magazine, Mining & Quarterly Review
07/10/2011plc - VSA Capital Research Note
23/05/2011Interim Statement 2011
23/05/2011Interim Report 2011
12/03/2010Project Updates
13/05/2008Tertiary Minerals plc - News Release
24/01/2008ACQUIRES MAJOR FLUORSPAR DEPOSIT IN SWEDEN
30/10/2007Nearly doubles size of Kimberlite
18/10/2007Drilling Starts At 200MT Magnetite ore Target in Centre of F...
06/09/2007JOINT VENTURE AGREEMENT SIGNED
05/09/2007PLAN TO DRILL PRIME IRON TARGET IN HEART OF FINLAND’S MAIN I...
09/07/2007LIFTS SHARE SUSPENSION AND PROVIDES UPDATE ON GHURAYYAH LICE...
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