Tertiary Minerals PLC (LSE:TYM) has reported encouraging results from its Phase 2 drilling program at the Mushima North Project in Zambia. The campaign revealed an extended zone of thick, near-surface silver mineralization at Target A1, including a 225-meter northern extension with high-grade silver and copper intercepts. These findings support the potential for a bulk tonnage, open-pit silver exploration model and are expected to strengthen the company’s position in the mining sector. Additional analytical results and metallurgical studies are pending, which could further clarify the project’s potential.
While the company faces financial challenges, including ongoing losses and negative cash flow, its strong equity base and promising exploration assets in Zambia and Nevada provide upside potential. Technical indicators show neutral momentum, though valuation concerns remain due to negative earnings.
About Tertiary Minerals PLC
Tertiary Minerals PLC focuses on the exploration and development of mineral resources, primarily silver, copper, and zinc. Its flagship project is Mushima North in Zambia, a region with significant mineral potential, and the company continues to advance its portfolio of high-quality exploration opportunities.
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