Sign up Australia
Proactive Investors - Run By Investors For Investors

Tethyan finishes Serbia drill programme in good time

A drilling programme comprising 2,318 metres on the Rudnitza copper-gold porphyry prospect has been finished
picture of copper wire
copper and gold are the targets at Rudnitza

Tethyan Resources PLC (LON:TETH) has ticked off the first requirement of its option over the Suva Ruda permit in Serbia.

A four hole drilling programme comprising 2,318 metres on the Rudnitza copper-gold porphyry prospect has been finished, which meets the licence condition to drill 2,000m before 28 December. Assay results are expected by late-January.

Additionally, Tethyan is rehabilitating the drilling sites and access roads in accordance with the licence requirements.

Fabian Baker, chief operating officer, said: "We are pleased with the timely completion of our first drilling programme at Rudnitza, which is a good testament to our local team and the operating environment in Serbia.

“We achieved the meters that we set out to complete, which holds the Option Agreement in good standing and will give us a good initial understanding of the local geology and extent of copper and gold mineralisation on the prospect.” 

View full TETH profile View Profile

Tethyan Resources PLC Timeline

Related Articles

manganese 25th element on periodic table
April 09 2018
The company is seeking shareholder approval to be renamed Element 25 Limited.
underground mine
July 20 2018
Annual guidance for 2018 is 82,000-88,000 oz at AISC of US$680-730 oz
Gold and dollars
June 20 2018
Broadly speaking, the new consortium is coming in on the same terms as the Ethiopian government

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

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