Sign up Australia
Proactive Investors - Run By Investors For Investors

Tethyan Resources kicks off next drilling round at Rudinitza

Drilling will be carried out by Serbian contractor Drillex International
picture of drill
Drilling will total around 2,000m

Tethyan Resources PLC (LON:TETH) has commenced summer drilling on its Rudinitza porphyry project in South West Serbia.

The plan is to drill approximately 2,000 metres of diamond core in 3 to 4 drill holes adjacent to the previous results in order to expand the footprint of mineralisation and test areas. 

Drilling will be carried out by Serbian contractor Drillex International.  

Peter Mullens, Tethyan’s chief executive, said there was a full program planned for 2017 at the Serbian properties of Suva Ruda and Gokcinica.

This includes drilling, IP Geophysics, surface mapping and geochemistry and reflects the fact this area of Serbia is developing into a new porphyry epithermal field with the potential to make a major discovery. 

First assay results from the drill programme are anticipated in late June and Tethyan to build on decent grades in earlier exploration.

Shares eased 4% to 4.08p.

View full TETH profile View Profile

Tethyan Resources PLC Timeline

Related Articles

Copper in periodic table
May 02 2018
Bezant has a huge copper resource under licence in the Philippines
gold
March 14 2018
Orosur Mining is making great strides in its Colombian exploration programme
1527013932_santana1.jpg
May 23 2018
The combination of strong management and stable assets makes the precious metals company one to watch as it continues to extend its reach

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