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Tethyan Resources all set to drill Rudnitza in late April

Tethyan has lined up a local contractor to drill its Serbian copper project later this month
Tethyan Resources all set to drill Rudnitza in late April
Tethyan's Rudnitza project has already yielded good copper mineralisation

Tethyan Resources PLC (LON:TETH) has hired Serbian contractor Drillex International to drill the Rudnitza porphyry prospect in late April 2017.

The plan is to drill approximately 2,000 meters of diamond core in 3-to-4 drill holes with a view to expanding the area of mineralisation where Tethyan's first drilling programme in late 2016 intersected significant copper and gold mineralisation.

Among the better intercepts from that campaign were 567 metres at 0.28% copper and 0.45 grams gold from surface and 356 metres at 0.38% copper and 0.31 grams gold from 48 metres.

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The new drill programme will step away from and drill adjacent to these previous results in order to expand the footprint of mineralisation and test areas where mineralisation appears to be open, particularly to the north of previous drilling.

"We are excited to commence drilling and build on the excellent results of 2016, which indicate to us that Rudnitza holds potential for the discovery of a significant copper-gold porphyry deposit,” said chief executive Peter Mullens.

“We expect the 2017 drill programme to expand the known extents of mineralisation as previous drilling indicates that the deposit is still open in all directions, and soil sampling has defined a surficial footprint of mineralisation extending over an area 1,400 by 600 metres. We expect to release the first assay results from this drill programme in late June 2017."

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