For thousands of other reports visit RSC's Mineral Intellingence Map
Tethyan Resources Plc
Summary
| Project: | Cadinje | |
|---|---|---|
| Deposit: | Cadinje | |
| Location: | Serbia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 9/7/2016 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-9-2016: Tethyan Resources Plc announces an Exploration/Drilling Update report for its Cadinje deposit at the Cadinje project. Drilling results incl. 8.1m @ 0.3g/t Au, 67.0g/t Ag, 4.2% Cu, 0.1% Pb, 0.5% Zn from 210m. Further to the announcement on 8 Augu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mullens (Internal) | |
| ABSTRACT: | Further to the announcement on 8 August 2016, Tethyan Resources plc, TETH, announces the drilling results from the 6 drill holes on the polymetallic Cadinje project in Western Serbia. The Company has completed 6 diamond drill holes for 1085.7 meters on the polymetallic Cadinje project, which is a joint venture with Balkan Mining Company d.o.o, BMC, a private Serbian company. The drilling targeted both areas where historic Yugoslav state drilling had intersected significant mineralisation and the projected down dip extension of this mineralisation. All drill holes commenced with PQ size core which was reduced to HQ once fresh rock intercepted. Overall the drilling went well and over 90 % recoveries were achieved with the use of Triple Tube. Peter Mullens, CEO of Tethyan Resources, commented: "Overall we were pleased to complete the drill program at Cadinje. Unfortunately grades drilled were not an improvement on former drilling grades and little gold was intercepted. In addition, a new understanding of the geology indicates that mineralisation is dipping at a flatter angle than previously understood and the mineralisation appears to be cut off at depth and down-dip by two large low-angle thrust faults. As a result, based on current knowledge and geological interpretation, the mineralising system is closed off and has limited potential to be increased. Ground conditions surrounding the mineralisation were poor and this, coupled with inconsistent grades of mineralisation, is expected to make mechanised underground mining challenging". | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report