Tertiary Minerals reports two target zones for zinc-silver at Paymaster

Tertiary Minerals advised on Monday that initial follow-up field reconnaissance of soil anomalies at its recently-acquired Paymaster Polymetallic Project in Nevada had identified two zones of zinc-silver mineralisation for follow-up exploration and drilling.

The AIM-traded firm said that at the Valley prospect, a new thick skarn zone was observed in the field, being approximately 350m long and up to 8m thick.

Rock sample taken from historic shaft spoil was assayed at 7.5% zinc, 4.3% lead and 180 grams per tonne silver.

At the East Slope prospect, it reported a 650m long zinc soil anomaly of between 100 and 250 parts per million zinc surrounded a previously-sampled outcrop of zinc-silver cobalt-bearing skarn mineralisation, including a 175 metre long zinc soil anomaly of between 250 and 500 parts per million zinc.

Previous rock sample assays of up to 20.9% zinc, 0.11% cobalt and 198 parts per million silver were also reported within the prospect, and infill soil sampling and trenching was proposed to better define the drill targets.

The board said additional soil anomalies required further evaluation.

“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,” said Tertiary Minerals managing director Richard Clemmey.

“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 US.”