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Tertiary Minerals ( (GB:TYM) ) has issued an announcement.
Tertiary Minerals PLC has announced promising results from its Phase 2 drilling program at the Mushima North Project in Zambia, revealing a significant extension of silver mineralization at Target A1. The drilling has confirmed a 350m by 300m area of mineralization that remains open to the north, south, and at depth, with high-grade zones of silver, copper, and zinc. These findings support the company’s open pit exploration model and suggest a potential significant discovery, with further results and metallurgical studies expected soon.
Spark’s Take on GB:TYM Stock
According to Spark, TipRanks’ AI Analyst, GB:TYM is a Neutral.
The overall stock score of 53 reflects a company in a challenging financial situation with consistent losses and negative cash flows. However, its strong equity position and promising exploration projects in Zambia and Nevada offer potential upside. The technical indicators suggest neutral momentum, but valuation concerns persist due to negative earnings.
To see Spark’s full report on GB:TYM stock, click here.
More about Tertiary Minerals
Tertiary Minerals PLC is involved in the exploration and development of mineral projects, focusing primarily on silver, copper, and zinc. The company operates in the Iron-Oxide-Copper-Gold region of Zambia, with a particular emphasis on the Mushima North Project, which is located near the historic Kalengwa copper-silver mine.
Average Trading Volume: 55,181,664
Technical Sentiment Signal: Sell
Current Market Cap: £2.23M
Learn more about TYM stock on TipRanks’ Stock Analysis page.