Proactive Investors - Run By Investors For Investors

Tethyan Resources zeroes in on drill targets at Suva Ruda

Tethyan's early exploration programmes have identified attractive drill targets for the coming campaign
Tethyan Resources zeroes in on drill targets at Suva Ruda
Suva Ruda is prospective for copper

Tethyan Resources PLC (LON:TETH) has defined what it calls “two compelling target areas” on its Suva Ruda project in Serbia. First pass geological mapping and the collection of 223 soil samples at the Rudnitza prospect have revealed a northern and a southern zone of potential copper-gold porphyry mineralisation.

The company found the presence of molybdenum particularly encouraging as molybdenum is a good indicator of porphyry mineralisation and does not tend to move around as a result of weathering.

Tethyan also noted that the central copper and molybdenum soil anomaly is surrounded by a zinc anomaly, a feature often associated with porphyry systems worldwide.

Meanwhile, stream sediment sampling has also revealed several gold anomalies at Tethyan’s other Serbian project, Gokcanica.

Drilling is expected to get underway at Suva Ruda shortly.

View full TETH profile View Profile

Tethyan Resources PLC Timeline

Related Articles

1526663898_Amulsar-concrete-pour---Nov-2017.jpg
May 15 2018
Output is targeted to average around 225,000 ounces a year over an initial 10-year mine life
Gold bars
November 28 2018
Panmure Gordon’s analysts noted that Ariana’s third-quarter update continued the trend of above plan production with its full-year 2018 guidance of 20,00 ounces almost reached in nine months
rc drill rig
October 29 2018
The joint venture is striving to identify West Africa’s next large gold mine.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use