Tertiary acquires interest in Pyramid project, Nevada
Aim-listed Tertiary Minerals on Tuesday announced that it had secured exploration rights and an option to purchase a group of claims in the Pyramid mining district of the US state of Nevada.
The company secured a 20-year lease with an option to purchase a group of nine patented mining claims. In addition, the company has staked a further 25 unpatented mining claims adjoining the patents to cover potential extensions along strike.
Patented mining claims are considered as private property under US law and have the advantage that mineral exploration and surface disturbance below five acres can be carried out without permits and, in general, mine permitting is a more straightforward process.
“Projects with high-grade gold results in drilling that have not already been followed up are hard to find in Nevada. This acquisition follows the staking of the Paymaster project earlier this year and is in line with our strategy to build a new project portfolio which will enable the company to reduce its future geographical, technical, permitting and commodity risk exposure and provide long-term shareholder value,” said MD Richard Clemmey.
The Pyramid district lies at the north-west end of the Walker Lane mineral belt, a major north-west trending structural deformation zone and a highly productive gold-, silver- and copper-producing region which is host to numerous past and currently producing multimillion-ounce epithermal gold deposits as well porphyry copper and porphyry molybdenum deposits.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation