Proactive Investors - Run By Investors For Investors

Tethyan Resources hits encouraging copper grades at Suva Ruda

First assays at Tethyan's Suva Ruda project show encouraging intercepts of copper
Tethyan Resources hits encouraging copper grades at Suva Ruda
There could be significant amounts of copper at Suva Ruda

Tethyan Resources PLC (LON:TETH) has completed the first round of drilling at its Rudnitza copper-gold porphyry prospect within the Suva Ruda exploration permit in Serbia.

Four holes were drilled and the results from the first are already in.

This showed an encouraging 38 metres at 1.18% copper, with gold at 0.38 grams per tonne. Gold grades throughout the 567 metre hole averaged at around 0.45 grams per tonne.

The drill hole terminated in mineralisation and was drilled very near to the site of an earlier Phelps Dodge drill hole which had reported 144 m grading at 0.4% copper and 0.4 g/t gold. This earlier hole had been completed at 244 metres depth, but was also still in mineralisation.

Taken together, the results indicate that porphyry copper-gold mineralisation continues to a far deeper extent at Rudnitza.

Fabian Baker, COO of Tethyan, commented: "We are very pleased with the results of this first drill hole, which validate Rudnitza as an exploration prospect with great potential. Following receipt of results from the remaining three drill holes Tethyan will be finalising its exploration program for 2017 to further develop the Rudnitza prospect."

 

View full TETH profile View Profile

Tethyan Resources PLC Timeline

Related Articles

gold
March 29 2019
Latest forecast is for 2019 production to rise to between 80-84,000oz
1541073181_shutterstock_249210421-(1).jpg
November 01 2018
The growth profile for Endeavour Mining has never looked better
Molten gold
April 18 2019
Gold Resource Corp is a metals miner with assets in Mexico and Nevada

© 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