Tertiary Minerals MD: High-grade zone at Mushima North "holding together very nicely"

Original announcement by proactiveinvestors on

Company
Tertiary Minerals PLC
Ticker
TYM
Exchange
Unavailable
Region
Zambia
Primary commodity
Silver
Secondary commodities
Copper, Bismuth, Antimony
Document categories
Drill results
Extracted
2026-09-18 11:51:06 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Tertiary Minerals has reported encouraging drilling results at the Mushima North project in Zambia, including a significant 82m intercept at 107 g/t silver equivalent. The drilling successfully extended the mineralised zone and identified copper grades above 1%, supporting the company's goal of a maiden Mineral Resource by year-end.

Reasoning: The announcement reports a high-grade silver equivalent intercept (107 g/t over 82m) that extends the known zone and includes encouraging copper grades.

Positive factors

  • Significant high-grade silver equivalent intercept
  • Extension of mineralisation beyond existing exploration target
  • Presence of copper and critical minerals
  • Successful step-out/infill drilling

Facts used in scoring: 2

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The drilling successfully extended the zone beyond the existing Exploration Target boundary.

Evidence · text

“successfully extended the zone”

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The programme was designed to provide infill drilling for a Mineral Resource.

Evidence · text

“designed both to provide infill drilling for a Mineral Resource”

Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

Drill Results (2)

Fact 1Mushima North · silverGrade: 107Grade Unit: g/tIntercept: 82 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Mushima North
Commodity
silver
Region
zambia
Reported Region
zambia
Ticker
TYM

Geometry

Grade
107
Grade Unit
g/t
Intercept
82 m

Classification

Deposit Type
other
Program
mixed
Sample Type
drill
Mining Method
unknown

Location

Location
Discovery Zone
Loc. Source
document

QA/QC

QA/QC Methods
standards

Deleterious

Deleterious Flag
Yes
Deleterious Elements
bismuth, antimony

Metal Equivalent

Metal Eq. Grade
107
Metal Eq. Unit
g/t silver equivalent

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-18T00:00:00.000Z

Reasoning: 82m at 107 g/t AgEq is a strong intercept for silver exploration.

Positive factors

  • High grade and significant width

Evidence · text

“intersection of 82 metres at 107 grams per tonne silver equivalent”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

Deleterious Elements Presentnegative

Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 2Mushima North · silverGrade: 191Grade Unit: g/tIntercept: 37 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Mushima North
Commodity
silver
Region
zambia
Reported Region
zambia
Ticker
TYM

Geometry

Grade
191
Grade Unit
g/t
Intercept
37 m

Classification

Deposit Type
other
Program
mixed
Sample Type
drill
Mining Method
unknown

Location

Location
Discovery Zone
Loc. Source
document

QA/QC

QA/QC Methods
standards

Deleterious

Deleterious Flag
Yes
Deleterious Elements
bismuth, antimony

Metal Equivalent

Metal Eq. Grade
191
Metal Eq. Unit
g/t silver equivalent

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-18T00:00:00.000Z

Reasoning: 37m at 191 g/t AgEq is a bonanza-style sub-interval.

Positive factors

  • High-grade sub-interval

Evidence · text

“including 37 metres at 191 grams per tonne”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

Deleterious Elements Presentnegative

Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

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.