Proactive Investors - Run By Investors For Investors

Tethyan says Rudnitza programme has confirmed copper/gold potential

Fabian Baker, Tethyan’s chief operating officer, said the drilling, its first at the site, had confirmed a large copper-gold porphyry-style mineralised system.
picture of copper wire
Tethyan drilled four holes on the Rudnitza copper-gold porphyry target

A drill campaign at Suva Ruda in Serbia had confirmed porphyry style copper-gold mineralisation at the licence said Tethyan Resources PLC (LON:TETH).

In total, Tethyan drilled four holes on the Rudnitza copper-gold porphyry target and the best intersections of the final three holes indicated metal over a width of 356m at 0.38% copper and 0.31 g/t gold from 48m.

Another hole showed similar grades over 285m, also reasonably near the surface while there were high grade areas within both holes  of 1.45% and 1.55% copper.

Fabian Baker, Tethyan’s chief operating officer, said the drilling, its first at the site, had expanded the porphyry-style system's footprint.

“Given that the project is situated in an area of excellent infrastructure, with a history of mining and with good access to the European market, the copper and gold grades encountered thus far make a strong case for further exploration and development at Rudnitza."

Tethyan has an option to acquire 100% of the Suva Ruda permit from local Serbian company Deep Research. A second program of drilling is planned for the second half of 2017.

View full TETH profile View Profile

Tethyan Resources PLC Timeline

Related Articles

A view of DRDGOLD's flagship Ergo asset in Johannesburg
May 01 2018
The South African miner’s appeal lies with the gold bull as bullion prices seen moving north
gold mine
September 07 2018
The company says it is on track to hit production targets for 2018 of 27,000 ounces of gold and 1.7mln ounces of silver
mine
February 07 2019
The plan is to get into profitable mining at about 30,000oz per year initially and see what the full potential might be as operations go deeper

© 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