Posts Tagged ‘fluorspar’

Tertiary starts drilling on Lappland gold project

January 19, 2011
StockMarketWire.com, original article here
Fluorspar and gold miner Tertiary Minerals plc said a drilling rig is being mobilised this week to its Kiekerömaa gold project in the Lappland Greenstone Belt in northern Finland. 

Drilling will test the Kiekerömaa gold mineralised zone previously discovered by Finnish company Outokumpu in 1997.

Eight holes are planned over a 300m strike length, subject to initial drill holes achieving acceptable core recovery.

Drilling is expected to take four weeks with assay results becoming available eight weeks after completion.

Chairman Patrick Cheetham said, ‘Whilst our key focus is on the objective of becoming a major European supplier of fluorspar, a portion of the funds recently raised has been reserved for drilling on the company’s gold projects.

‘The gold mineralised zone at Kiekerömaa has not been tested by diamond drilling until now and the swampy ground requires that it be drilled in winter when the ground is frozen.

‘We are keen to get this drilling programme under way to allow time this winter for a follow-up round of drilling if initial results are favourable.’

Shares were up 0.5p at 11.75p.

Story provided by StockMarketWire.com