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Tethyan Resources Plc
Summary
| Project: | Suva Ruda | |
|---|---|---|
| Deposit: | Rudnica | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 6/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-6-2019: Tethyan Resources Plc announces an Exploration/Drilling Update report for its Rudnica deposit at the Suva Ruda project. Drilling results incl. 335.2m @ 0.36% Cu, 0.31g/t Au from 68m. June 13, 2019 – Toronto, Canada – Tethyan Resources plc (TSX- | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Tunningley (Internal) | |
| ABSTRACT: | June 13, 2019 – Toronto, Canada – Tethyan Resources plc (TSX-V: TETH) (“Tethyan” or the “Company”) is pleased to announce results from seven holes totalling 2,450 metres of core drilling at the Rudnica copper-gold porphyry project in southwest Serbia. The results include some of the strongest mineralization encountered to date and suggest that the system remains open to the south and southeast (Figures 1 and 2) where it dips under shallow cover. Details of all drill holes and results are shown in Tables 1, 2 and 3. Fabian Baker, President and Chief Operating Officer, commented: “These drill results expand the area of known mineralization, with some of the best grades and thicknesses encountered in our step-outs to the southeast. Surface mapping of porphyry-style veins, and increasing gold grades in soil sampling up to the edge of the shallow cover, correlate well with mineralization in drilling. Drilling has recommenced, with two rigs now on site.” Three scout drill holes totalling 862 metres were drilled at Rudnica North (Figure 1) to test anomalous gold and molybdenum in soil sampling and coincident geophysical anomalies. Significant intercepts are shown in Table 3. All three holes intercepted near-surface porphyrystyle veining over narrow low-grade intervals, hosted in advanced argillic and argillic-altered diorite porphyry dykes. | |
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