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Tethyan Resources Plc
Summary
| Project: | Suva Ruda | |
|---|---|---|
| Deposit: | Rudnitza | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 9/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-9-2017: Tethyan Resources Plc announces an Exploration/Drilling Update report for its Rudnitza deposit at the Suva Ruda project. Drilling results incl. 460m @ 0.21% Cu, 0.20g/t Au from 0m. September 14, 2017 - Jersey, UK - Tethyan Resources PLC (AIM:TE | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mullens (Internal) | |
| ABSTRACT: | September 14, 2017 - Jersey, UK - Tethyan Resources PLC (AIM:TETH) (TSX-V:TETH) (“Tethyan” or the “Company”) is pleased to announce results of the drilling programme completed in July 2017 at the Rudnitza copper-gold porphyry prospect within the Suva Ruda exploration permit in Serbia. This drill programme consisted of 4 diamond drill holes for a total of 2,127.6 metres. Fabian Baker, COO of Tethyan, commented: “We are pleased that further drilling at Rudnitza has confirmed that this is a very extensive mineralised system. These results show good continuity and significantly add to our understanding of the geological setting of the mineralisation. Rudnitza is evidently a large mineralised system with numerous zones as yet undrilled.” The results of these drill holes have expanded the known extent of the Rudnitza porphyry system, and have returned long intervals of porphyry-style stockwork copper mineralisation hosted in multi-phase porphyritic dacite/diorite intrusions. The true widths of the drill intersections cannot be determined with the information available as mineralization is disseminated throughout this large system. Tethyan’s geologists, with support from highly experienced consulting geologist Simon Meldrum, are currently interpreting the results and drill core logging with the aim of vectoring towards higher-grade mineralisation in future drilling. At least five phases of porphyry intrusives have been identified in the drill core, each with variable styles of alteration and intensities of mineralisation. It is evident that certain intrusive phases are better mineralised than others. Tethyan’s future exploration and drilling will focus on targeting these higher grade units. | |
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