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Tethyan Resources Plc
Summary
| Project: | Suva Ruda | |
|---|---|---|
| Deposit: | Rudnica | |
| Location: | Serbia | |
| Commodities: | Copper-Gold-Silver-Lead-Zinc | |
| Date: | 10/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-10-2019: Tethyan Resources Plc announces an Exploration/Drilling Update report for its Rudnica deposit at the Suva Ruda project. Drilling results incl. 299.9m @ 0.29% Cu, 0.26g/t Au from 94m. October 28, 2019 – Vancouver, B.C. – Tethyan Resource Corp. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andrew Tunningley (Internal) | |
| ABSTRACT: | October 28, 2019 – Vancouver, B.C. – Tethyan Resource Corp. (TSX-V: TETH) (“Tethyan” or the “Company”) is pleased to announce the results of a 2,529 metre drill program at Rudnica, which was designed to test for extensions to the porphyry system, and demonstrates that mineralization remains open in several directions (Figures 1, 2 and 3). Additionally, Tethyan has completed a detailed exploration study in consultation with porphyry expert Dr. Steve Garwin, including reinterpretation of geophysical, geochemical and alteration data, which has provided additional high priority targets for future drilling. Fabian Baker, President and Chief Executive Officer, commented: “The recent drilling has confirmed extensions to the gold-bearing oxide cap, high-grade supergene copper enrichment zone and upper parts of the hypogene mineralization. The highest copper and gold grades were intercepted in hole RDD-018, a step-out hole to the southeast where soil sampling indicated increasing gold grades, hence this will be a focus area for additional work. The deposit has favourable topography and remains open in multiple directions, and additional targets remain to be drill tested.” “The high-grade silver-lead-zinc mineralization intersected in hole RDD-016 is another exciting feature that represents an exploration opportunity in its own right,” continued Mr. Baker. “There are numerous historical mining and exploration sites that targeted this style of mineralization on our land package and throughout the district, and we intend to explore them over the coming months.” | |
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