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Tethyan Resources Plc
Summary
| Project: | Kremice | |
|---|---|---|
| Deposit: | Kremice | |
| Location: | Serbia | |
| Commodities: | Copper-Gold-Molybdenum | |
| Date: | 10/9/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-10-2019: Tethyan Resources Plc announces an Exploration/Drilling Update report for its Kremice deposit at the Kremice project. Drilling results incl. 71.2m @ 0.27g/t Au, 0.07% Cu, 28ppm Mo from 0.0m. October 9, 2019 – Vancouver, Canada – Tethyan Resourc | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Tunningley (Internal) | |
| ABSTRACT: | October 9, 2019 – Vancouver, Canada – Tethyan Resource Corp. (TSX-V: TETH) (“Tethyan” or the “Company”) is pleased to report the discovery of an outcropping gold porphyry system on the western side of the Kremice project, southwestern Serbia (Figures 1 and 2). Kremice is located 10 kilometres to the north of the Rudnica copper-gold project, and within two kilometres of a paved road, rail and power lines, and water supply. Channel sampling of a large area of exposed stockwork veining at Kremice West returned consistent mineralization, with individual samples grading up to 0.68 grams per tonne (“g/t”) gold and 0.21% copper. Tethyan has completed two scout drill holes for a total of 680 metres and is continuing surface mapping and sampling in order to vector towards higher grades. Fabian Baker, President and Chief Executive Officer, commented, “The discovery of gold porphyry mineralization at Kremice West is an exciting development for Tethyan and provides us with a highquality exploration target. The outcrop of porphyry stockwork veining and potassic alteration was identified by our geologists in the same location as predicted by the Fathom model, which gives us additional confidence in targeting the core of the system. Porphyry expert, Dr. Steve Garwin, reviewed the project in June, confirmed the porphyry characteristics of the deposit and recommended that we proceed immediately with drilling. This discovery is a testament to the untested potential of our consolidated land package in the Raska District.” | |
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