# Small cap wrap: TNR Gold, First Phosphate, 374Water, Blockmate Ventures... Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/small-cap-wrap-tnr-gold-first-phosphate-374water-blockmate-ventures--4c774a5a-39c8-4b34-97a9-42657336149a Original source: https://www.proactiveinvestors.com/companies/news/1097935/small-cap-wrap-tnr-gold-first-phosphate-374water-blockmate-ventures-1097935.html Publisher: proactiveinvestors Original announcement: 2026-09-01T20:31:51.018Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Tertiary Minerals PLC - Ticker: TYM - Exchange: Unavailable - Region: Zambia - Primary commodity: Silver - Secondary commodities: Copper, Zinc - Document categories: Drill results, Other - Extracted: 2026-09-01 20:33:20 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Tertiary Minerals PLC reported positive Phase 4 drilling results at Mushima North in Zambia, confirming broad silver-copper-zinc mineralisation. The results include high-grade silver intercepts and support the company's goal of releasing a maiden resource estimate this year. Reasoning: High-grade silver-copper-zinc intercepts confirmed via certified laboratory results, supporting exploration targets and upcoming maiden resource. - Positive factor: strong\_intercept - Positive factor: QA/QC\_disclosed - Positive factor: exploration\_success Facts used in scoring: 5 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The company announced initial certified laboratory results. Evidence · text > announced initial certified laboratory results **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Results confirm broad mineralisation supporting existing exploration targets. Evidence · text > confirmed broad, near-surface silver-copper-zinc mineralisation, supporting the existing exploration target ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### First five holes [Link to this fact](https://atlas-staging.minestarters.com/news/small-cap-wrap-tnr-gold-first-phosphate-374water-blockmate-ventures--4c774a5a-39c8-4b34-97a9-42657336149a#fact-drill-facts-0) silver #### Identity - Hole ID: First five holes - Commodity: silver - Ticker: TYM #### Geometry - Grade: 37 - Grade Unit: g/t - Intercept: 66 m - From: 7 m - To: 73 m #### Classification - Sample Type: drill - Group ID: First five holes:7-73 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-01T00:00:00.000Z Reasoning: 37 g/t silver over 66m is a strong intercept for exploration. - Positive factor: strong\_intercept Evidence · text > 66 metres grading 37 grams per tonne silver, 0.28% copper and 0.27% zinc from seven metres downhole ### First five holes [Link to this fact](https://atlas-staging.minestarters.com/news/small-cap-wrap-tnr-gold-first-phosphate-374water-blockmate-ventures--4c774a5a-39c8-4b34-97a9-42657336149a#fact-drill-facts-1) copper #### Identity - Hole ID: First five holes - Commodity: copper - Ticker: TYM #### Geometry - Grade: 0.28 - Grade Unit: % - Intercept: 66 m - From: 7 m - To: 73 m #### Classification - Sample Type: drill - Group ID: First five holes:7-73 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-01T00:00:00.000Z Reasoning: 0.28% Cu is a moderate grade component of the polymetallic intercept. Evidence · text > 66 metres grading 37 grams per tonne silver, 0.28% copper and 0.27% zinc from seven metres downhole ### First five holes [Link to this fact](https://atlas-staging.minestarters.com/news/small-cap-wrap-tnr-gold-first-phosphate-374water-blockmate-ventures--4c774a5a-39c8-4b34-97a9-42657336149a#fact-drill-facts-2) zinc #### Identity - Hole ID: First five holes - Commodity: zinc - Ticker: TYM #### Geometry - Grade: 0.27 - Grade Unit: % - Intercept: 66 m - From: 7 m - To: 73 m #### Classification - Sample Type: drill - Group ID: First five holes:7-73 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-01T00:00:00.000Z Reasoning: 0.27% Zn is a moderate grade component of the polymetallic intercept. Evidence · text > 66 metres grading 37 grams per tonne silver, 0.28% copper and 0.27% zinc from seven metres downhole ### First five holes [Link to this fact](https://atlas-staging.minestarters.com/news/small-cap-wrap-tnr-gold-first-phosphate-374water-blockmate-ventures--4c774a5a-39c8-4b34-97a9-42657336149a#fact-drill-facts-3) silver #### Identity - Hole ID: First five holes - Commodity: silver - Ticker: TYM #### Geometry - Grade: 45 - Grade Unit: g/t - Intercept: 73 m #### Classification - Sample Type: drill - Group ID: First five holes:73-146 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-01T00:00:00.000Z Reasoning: 45 g/t silver equivalent is a strong intercept. - Positive factor: strong\_intercept Evidence · text > 73-metre intersection returned 45 g/t silver equivalent from nine metres ### First five holes [Link to this fact](https://atlas-staging.minestarters.com/news/small-cap-wrap-tnr-gold-first-phosphate-374water-blockmate-ventures--4c774a5a-39c8-4b34-97a9-42657336149a#fact-drill-facts-4) silver #### Identity - Hole ID: First five holes - Commodity: silver - Ticker: TYM #### Geometry - Grade: 55 - Grade Unit: g/t - Intercept: 57 m - From: 34 m #### Classification - Sample Type: drill - Group ID: First five holes:34-91 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-01T00:00:00.000Z Reasoning: 55 g/t silver equivalent over 57m is a high-quality intercept. - Positive factor: strong\_intercept Evidence · text > 57 metres from 34 metres downhole graded 55 g/t silver equivalent ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.