The Company is pleased to provide the following drilling update for the Konkola West Copper Project in Zambia.
The first hole at the Konkola West Copper Project, hole number KWDD001, being drilled as part of an earn-in agreement with a subsidiary of KoBold Metals Company (“KoBold”) and local partner Mwashia Resources Ltd, was recently reported by KoBold to be at a depth of 1,023m down-hole and continuing.
The target of this drillhole is the ore-shale which hosts the copper mineralisation at the Konkola-Lubambe copper mines and the nearby Mingomba deposit. KoBold has reported that a number of expected key marker horizons have been intersected in the hole that are consistently seen in the stratigraphy above the ore-shale in these deposits.
Given the known lateral variations in the thickness of individual stratigraphic units in this area it is not yet possible to predict with any certainty the depth at which the ore-shale might be encountered, though the Company estimates that drilling of KWDD001 will continue until mid-June 2024 with assay results to follow after that. However, drilling could take longer, or be completed sooner, depending on the thickness of the stratigraphic units yet to be drilled, as well as drilling conditions.
Patrick Cheetham, Executive Chairman of Tertiary Minerals plc said:
“We are delighted with the level of technical detail being provided to the Company by KoBold on an ongoing basis and we are encouraged to see the known mine stratigraphy marker horizons present in this hole. I was fortunate to be on site in the early stages of this drillhole. KoBold is investing heavily in new facilities in the area for its Mingomba Project and is dedicating substantial financial and technical resources to make the drilling of the Konkola West Copper Project a success.”
Further Information:
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Tertiary Minerals plc: |
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Patrick Cheetham, Executive Chairman |
+44 (0) 1625 838 679 |
