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Tethyan Resources Plc
Summary
| Project: | Suva Ruda | |
|---|---|---|
| Deposit: | Rudnitza | |
| Location: | Serbia | |
| Commodities: | Copper-Gold | |
| Date: | 1/25/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-1-2017: Tethyan Resources Plc announces an Exploration/Drilling Update report for its Rudnitza deposit at the Suva Ruda project. Drilling results incl 356m @ 0.38% Cu, 0.31g/t Au from 48m . Tethyan Resources PLC ("Tethyan" or the "Company") (AIM:TETH) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mullens (Internal) | |
| ABSTRACT: | Tethyan Resources PLC ("Tethyan" or the "Company") (AIM:TETH) is pleased to announce results of the remaining 3 drill holes following the completion of its 4 diamond drill hole programme (total 2,318 metres) at the Rudnitza copper-gold porphyry prospect within the Suva Ruda exploration permit in Serbia. These three additional drill holes have significantly expanded the footprint of copper-gold porphyry-style mineralisation at Tethyan's Rudnitza prospect, which had previously been identified in RDD-001. This drill hole intersected 567 metres at 0.28 % copper, 0.45 g/t gold, as announced on 16 January 2017. The latest drilling has expanded the size of mineralisation identified to an area of at least 300 metres by 200 metres horizontally and up to 500 metres vertically. This drilled zone of mineralisation is contained in a much larger intensively altered volcanic sequence with anomalous copper, gold and molybdenum in soils which extends for up to 1500 metres in a north-south direction and 500 metres east-west.All drill holes intersected a thick package of dacitic volcanic rocks showing strong phyllic and propylitic alteration with extensive zones of thin (2-20mm) quartz-pyrite±chalcopyrite±chalcocite veining and stockwork.Supergene enrichment has produced a higher-grade chalcocite rich copper zone observed in each of the drill holes that is in excess of 1 % copper. Drill Hole RDD-004 intersected 30 metres at 1.45 % copper, 0.39 g/t gold from 102 metres. Copper grades are generally seen to be lower in the leached zone above this supergene zone however gold mineralisation was encountered from surface. Beneath the supergene zone gold and copper grades are generally consistent over large intervals exceeding 200 metres. | |
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