Tertiary Minerals Secures Funding to Propel Its Zambia Operations
In an exciting development for the mining sector, Tertiary Minerals, an AIM-listed company, has successfully raised £100,000 through a strategic share placement. The investment stems from shareholder Stuart Packwood and is earmarked for advancing exploration activities at the Mushima North Project in Zambia, a key area that has shown promising mineral potential.
The Mushima North Project is known for its Target A1 site, which consists of a rich silver-copper-zinc prospect. With the newly acquired funds, Tertiary Minerals aims to bolster its working capital and support ongoing efforts in this vibrant mining region. This infusion of capital comes at an opportune moment, as the company gears up for a comprehensive 1,000-meter reverse circulation drilling program designed to explore the area’s mineralization extension potential.
One of the key objectives of this drilling initiative is to assess the presence of gold, paving the way for upcoming metallurgical studies that will refine the processes for extracting these valuable minerals. Richard Belcher, the Managing Director of Tertiary Minerals, expressed optimism about the drilling program, stating, “The planned drill program will provide additional drill data to support our current goals at Target A1, which includes expanding the known mineralization footprint, both along strike and at depth.” This statement emphasizes the growing significance of the project, particularly in northern sections where previous drilling efforts intercepted higher-grade copper concentrations, such as a noteworthy finding of 9 meters at an impressive 124 g/t silver and 0.73% copper.
The exploration of the Mushima North Project not only highlights the potential of Zambia’s rich mineral resources but also underscores the commitment of Tertiary Minerals to fostering growth in the region’s mining industry. As the company moves forward with its exploration and drilling plans, there’s a palpable sense of excitement surrounding the future of mining in Zambia.
As global commodity demands continue to rise, Zambia stands as a beacon of opportunity for mining companies and investors alike. The efforts of Tertiary Minerals contribute positively to the economic landscape, showcasing the country’s commitment to sustainable resource development.
Stay tuned for further updates on this promising venture, as Tertiary Minerals positions itself at the forefront of Zambia’s mineral exploration efforts.
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