Tertiary Minerals plc provided the following update on its Pyramid Gold-Silver Project in Nevada, USA and other exploration projects. Pyramid Gold-Silver Project: The Pyramid Gold-Silver Project is located in north-central Nevada, USA and is targeting epithermal gold mineralisation in the prolific past producing Walker Lane Mineral Belt. The soil sampling programme was carried out to confirm and determine the extent of an open-ended gold and multi-element soil anomaly originally defined in the 1980s by Battle Mountain Gold Mining Company. 370 soil samples were collected at spacings of 30m on 120m spaced lines on a grid oriented SE-NW along the main vein trend. In the south end of the property soil sample lines were more reconnaissance in nature with a line spacing of 360m. The historic soil anomaly over the "Western Line" was confirmed over a strike length of 1000m with values up to 349ppb gold (0.35 g/t Au) and 22 ppm silver. Wider spaced sample lines to the southeast suggesting a possible 750m extension to the Western Line Anomaly where infill sampling is now required. In addition, the survey identified two new, untested soil anomalies, anomalous for both gold and silver. The first of these appears to be a splay off Western Line (the Western Splay Anomaly) and has a length of 550m open to the south (maximum values of 177 ppb gold and 3 ppm silver). The second is an 800m-longanomaly located to the northeast of the Western Line Anomaly and follows a northern projection of the Ruth Mine vein system (the "North Ruth Anomaly). The North Ruth Anomaly contains soil values up to 1.63g/t gold and 207g/t silver (6.04 ounces/ton). These potentially "ore-grade" values require immediate follow up and so trenching is now planned to expose the bedrock for sampling to determine their significance as future drill targets. The gold and silver values show a high correlation with each other and good correlation with a number of other elements such as arsenic and mercury and tellurium which are common pathfinder elements for epithermal gold and silver and a very strong correlation with selenium which is a trace element characteristic of productive low-sulfidation gold deposits in northern Nevada and elsewhere. Paymaster & Mt Tobin Projects, Nevada: The analytical results of the soil sampling programme referred to in the Company's announcement of 30 September 2020 have just been received and are now being processed alongside the data collected from the drone magnetic survey completed in 2020. Results are expected to be available for release in approximately two weeks-time. At Mt Tobin, the main target is a large area of hydrothermal alteration where preliminary rock samples taken from prospectors' hand dug pits have returned silver values of up to 101 grammes/tonne (g/t). The target at Paymaster is a skarn hosted zinc-silver deposit and the Company's consultant geologist for Paymaster has drawn analogies to the Taylor Zinc-Silver Deposit owned by South 32 at Hermosa, in the neighbouring state of Arizona (reported resource of 155mt grading 3.5% zinc, 3.67% lead and 69 g/t silver). Lucky Copper Project, Nevada: The Company's notice level drill permit application to the US Bureau of Land Management has now been granted and bonded. A hole will be drilled as soon as a drill rig becomes available to confirm and extend at depth a drill intersection made in 1951 in a percussion drill hole of a 20.4m cumulative thickness of mineralisation which assayed 0.65% copper to the bottom of the hole at 77.7m depth. The hole ended in mineralisation. The target is a disseminated sediment hosted, intrusion-related copper deposit. Lassedalen Fluorspar Project, Norway: The Company has made the decision to terminate its interest in the Lassedalen Fluorspar Project in Norway and consequently will not extend its landowner/mineral rights agreements in 2021. No work has been carried out at the Lassedalen Project for a number of years and the project has not been a priority for the Company for some time. Historic exploration costs associated with the project costs have been written off since 2019 and so the termination of the project will have no effect on the Group's net asset value as disclosed in the last reported audited accounts being for the period ending 30th September 2020.