The Sunday Telegraph love this one and last week they gave a positive update.

I don't know whether to buy, but the spread has narrowed and the market capital is tiny so it could jump!

I'm dancing in the dfark with this one but I'd appreciate your thoughts?

50p or 5p what will it be?

joe hargan thanks for post. Do you know when interims are due? with the small dip today is it a good time to get in?you have obviously been following for sometime and I was just a little surprised that from the positive news already announced this year that the price has not moved on?

Wifagg - interims already out and you can find them on the company website unders "company reports". In any case superseded by Thursday's announcement. Fully expect the sp to respond favourably once the significance of this for TYM becomes clearer and after the mm's have rebalanced their holdings ...reading through this latest RNS and having followed Tertiary's realtively cautious releases in the past, the excitement displyed here is unbridled...time for a serious top up at 10.75p!

November 4 , 2004

POSITIVE REPORT ON DIAMOND POTENTIAL OF NEWLY DISCOVERED KIMBERLITE CLUSTER

Study Confirms Kimberlites Tapped Diamond-Favourable Source Rocks
Claim Holding Extended To Total 30 Untested Targets
Possible Link To Russian/Arkhangelsk Diamond Fields
Tertiary Minerals plc (the Company) is pleased to report the positive findings of an independent study on the diamond potential of its Kuusamo kimberlite project in Northern Finland.

The report has been prepared by an international kimberlite specialist at the Geological Survey of Finland (GTK). The data in the report is based on relatively limited sampling of the three kimberlites discovered so far but supports the following important conclusions:

the geological conditions considered necessary for the occurrence of diamondiferous kimberlites occur in the Kuusamo area
the newly discovered kimberlites have tapped the diamond stability field of the earths mantle
the mantle tapped by the kimberlites contain both types of potential diamond-hosting mantle materials - harzburgite and eclogite and the mantle has not been affected by diamond destroying processes.
The statistics for kimberlite clusters show that any given cluster can contain a spectrum of kimberlite from those containing no microdiamonds to those with commercial diamond contents. Similarly individual kimberlite intrusions can be multi-phase, with some phases containing diamonds, others none.

The GTK report concludes that the lack of micro-diamonds in the kimberlite samples tested to date does not necessarily limit the prospectivity of any future kimberlite discoveries in the area.

The report also concludes that the results are .exciting in that it is likely that an entirely new cluster of kimberlites (the Kuusamo cluster) has been discovered and that typically there are 10-50 kimberlites in a cluster.

Tertiary considers that the results of the GTK study considerably enhance the potential of the untested targets in the Kuusamo area. The company has recently expanded its claims and claim reservations and now has a further 11 targets (total of 30) under claim or claim reservation in addition to Kalettomanpuro and Kattaisenvaara and existing data strongly suggest that more kimberlites will be discovered.

The report speculates that the Group I Kuusamo kimberlites may have a similar Devonian age to kimberlites found near Arkhangelsk in Russia, also in the Karelian Craton that includes the Lomonosov diamond project run by Alrosa and the highly diamondiferous Grib pipe.

This speculation is based principally on the position of the Kuusamo cluster on the southern margin of the same Devonian kimberlite and alkaline province that stretches for over a 1,000 km from Northern Finland through the diamond bearing regions of Kandalaksha, Terskii Bereg, Arkhangeslsk and Central Timan in NW Russia.

For further information please contact:
Patrick Cheetham, Executive Chairman, Tertiary Minerals plc. Tel: 01625-626203
Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: 020-7628-5518

Technical Note (to accompany New Release of 4 November 2004)

The background to Tertiarys new discoveries is given in various news releases made since January this year. Three separate kimberlites have been intersected in drilling - two at the Kalettomanpuro (KP) site and one at Kattaisenvaara (KV) some 20km away.

It is accepted wisdom that many diamonds (a form of carbon) grew as crystals in the primeval earth as all harzburgitic diamonds are over 3 billion years old. Over time diamonds are only preserved where diamond is stable in preference to graphite (at high pressure and relatively low temperature) and this is usually beneath the old stable parts of the earths crust (cratons) where there is a thick, cool and stable lithospheric mantle keel the so-called diamond stability window. In such windows diamonds are found in mantle containing the rock types harzburgite or eclogite. For diamonds to be found at the surface kimberlitic magma must have risen to the surface through the diamond stability field of the mantle, on the way collecting pieces of the diamond host-rocks, harzburgite and eclogite. As the kimberlite magma ascends these pieces are disrupted, liberating the diamonds. The kimberlite magma must ascend rapidly enough so that the diamonds are preserved in otherwise unstable conditions in the crust.

Thus there are two main pre-requisites for the occurrence of diamonds at or near the earths surface:

Favourable mantle conditions for diamond preservation through geological time (a source of diamonds)
A transport medium (kimberlite magma) that taps the diamond stability field and both collects and preserves the diamonds.
As kimberlites are the main transport medium, a study of the mineralogy and mineral chemistry of kimberlites in any given cluster will provide information on whether that cluster has diamond potential.

The main technical findings of the GTK study are as follows:

The proximity of the Group I kimberlites to Devonian (365 Ma) alkaline complexes, in particular the Iivaara intrusion, raises the possibility that these new kimberlite discoveries are similar in age to those found near Arkhangelsk in Russia
The Group II Kalettomanpuro kimberlite has petrological similarities to the kimberlites in the 1200 Ma Kuhmo cluster, an area currently being explored by European Diamonds Plc and Karelian Diamond Resources Plc, some 150km to the south
The mineralogy and chemistry of phlogopite mica in the kimberlites confirms the original identification as hypabyssal Group I and Group II kimberlites (end member types of kimberlite, both can contain diamonds)
The Group II kimberlite from Kalettomapuro contains significant amounts of G10 (harzburgite) garnets and G9 (lherzolite) garnets and a high ratio of G10/G9. As harzburgite is known to be one of the main diamond source rocks, this indicates a high diamond potential
Compositional data and thermobarometry studies indicate that mantle-derived G10 garnets are derived almost exclusively from the diamond stable portion of the earths mantle
The Group I kimberlites contain both eclogite grains and eclogite xenoliths (eclogite in the mantle is the other main source for diamonds). So far, however, these are of relatively low sodium garnet type
Picroilmenite and pyrope garnet compositional data indicate that metasomatism has not significantly affected the mantle - another positive factor for diamond preservation
Chromites for the KV Group 1 kimberlite plot in compositional fields that indicate shallow sampling
Group 1 kimberlites so far examined show evidence of fractionation implying slower transport to the surface which, in the case of these kimberlites only, suggests any contained diamonds may have been resorbed

At 16:42 this evening, for those of us who like the idea of gold prospecting a little something to whet the appetite.. with this and the kimberlite fields currently due to report back we could be in for a very intersting and potentially very profitable couple of months....

Tertiary Minerals PLC
17 November 2004



TERTIARY MINERALS PLC

DRILLING RESUMES AT KAARESSELKA GOLD PROJECT
IN NORTHERN FINLAND

High Grade Targets At Vanha And Tienvarsi
Near Surface Target At Lampi
Results Expected Early In New Year
_____________________________________________________________________

Tertiary Minerals plc ('the Company') is pleased to announce that a further
drilling programme has now started at its Kaaresselka gold project in northern
Finland where three zones of mineralisation have been identified by previous
drilling in an area 1.1km by 0.6km. This earlier drilling returned a number of
high-grade intersections from both the near-surface weathered zone and the
underlying fresh rock and confirmed that gold mineralisation is distributed over
a wide area.

The new programme will concentrate on the Vanha zone to test for extensions to
high-grade mineralisation encountered in hole 04KD007B reported by the Company
earlier this year (4.90m thickness grading 11.0 grammes/tonne ('g/t') from
74.80m down-hole). Previous drilling results from this zone include 3m grading
7.2g/t gold in hole RC5 and 1.4m grading 22g/t gold in hole R436, both drilled
by the Geological Survey of Finland.

Further drilling will also test for extensions to gold mineralisation
encountered at the south-east end of the Tienvarsi zone where it is open along
strike from Tertiary's drill-hole 04KD005 which intersected 2.75m grading
13.5g/t gold from 15.45m depth.

In addition, trenching and possible follow-up drilling is planned to evaluate
the Lampi zone where the Company has reported an intersection of 10.3m grading
3.88g/t gold near surface but where the geometry of the mineralisation needs
further investigation.

Drilling will continue into mid-December with results expected in January 2005.

For further information please contact:

Patrick Cheetham, Executive Chairman, Tertiary Minerals plc. Tel: +44 (0)1625
626203
Ron Marshman/John Greenhalgh, City of London PR Limited. Tel: +44 (0)207 628
5518

why are they shaking the price ? 900 shares traded today and they knock 5% of the value they have done similarly over last three weeks on just about negligible trading they have taken out about 20% now?

Further drift downwards on a 50/50/ buys/sells? This fundamentally effects the anyones investment valuation and I suspect would trip a lot of sell thresholds.So we have low level of trades (buys and sells) price moved down 20+%? Beats me

I think the mms are trying to stimulate some interest as there has been practically no trading for several weeks in TYM

true but they have started drilling for gold in Finland . Planned for completion mid December with results mid Feb so its not like there is nothing happenning

I agree, feel these are remarkably cheap and will head north on positive results.

Time for a few more I think!

I phoned the company this morning and they will make an announcement in around 10 days time. With tantium, gold and diamonds the cupboard is already more than full.


At this price and with such a low market capital the company really does stand out and the buyers have returned today.

Finally, they must be the only mining stock still to be still stuck on the year bottom.

Oh yes, if you like the look buy now, they're quite heady little things once they get going and when they hit 14p the Sunday Telegraph comes in with 'Tertiart Mining a company we backed at 13p last year ..............'

We are still buying -any thoughts.

Wow, 1 million shares have gone through!!!!!!!!!

rab capital just bought in.........

Who?

Help!

Can you explain the price movements?

Over 10p yummy!

How much more is there?

Is 20% in 3 days enough?

I still think they're too cheap!

Any thoughts??

A good start to the week!!

They've widened the spread big style!

The buyers are arriving, but the statement Any thoughts?

The news looks good!

But what does it mean?

Any views on whether to take up the sunrise diamonds offer?