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Tethyan Resources Plc
Summary
| Project: | Suva Ruda | |
|---|---|---|
| Deposit: | Rudnitza | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 1/16/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2017: Tethyan Resources Plc announces an Exploration/Drilling Update report for its Rudnitza deposit at the Suva Ruda project. Drilling results incl. 567m @ 0.28% Cu, 0.45g/t Au from 0m. Tethyan Resources PLC ("Tethyan" or the "Company") (AIM:TETH) i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mullens (Internal) | |
| ABSTRACT: | Tethyan Resources PLC ("Tethyan" or the "Company") (AIM:TETH) is pleased to announce completion of its 4 diamond drill hole programme (total 2,318 m) at the Rudnitza copper-gold porphyry prospect within the Suva Ruda exploration permit in Serbia. Tethyan has received assay results for the first drill hole RDD-001. Assays for the remaining 3 drill holes are pending and a further announcement will be made in due course. Drill hole RDD-001 from surface intersected a thick package of dacitic volcanic rocks showing strong phyllic and propylitic alteration with extensive zones of thin (2-20mm) quartz - pyrite ± chalcopyrite veining and stockwork. Between 122 - 160 m a 38 m chalcocite-bearing zone of supergene enrichment was intersected giving an interval of 38 m at 1.18% copper and 0.38 g/t gold, although copper grades were lower in the leached zone above this interval gold grades remain consistent averaging 0.45 g/t gold. From a depth of 160 m gold and copper grades are remarkably consistent up to the intersection of a deeper ophiolite basement rock-type which was intersected between 567 and 584.6 m and where the gold and copper grades reduced. The drill hole was terminated due to drilling issues at 584.6 m still in mineralisation. | |
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