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Tethyan Resources PLC

Tethyan wraps up drilling at Rudnitza, assays pending

Core samples from the copper porphyry prospect are now being analysed

Copper---rolled.jpg
Suva Ruda is highly prospective for copper

Tethyan Resources PLC (LON:TETH) has completed its drill programme at the Rudnitza copper-gold porphyry prospect on the Suva Ruda project in Serbia.

The programme comprised four diamond drill holes for a total of 2,127.6 metres and the last of the drill core samples have now been dispatched to ALS Laboratories in Bor, Serbia.

They will there be prepared for gold and multi-element assay.

Additionally, Tethyan will submit a sub-set of samples for check assay at a second laboratory as a part of its Quality Control and Quality Assurance (QA/QC) procedures, as such the results of all four drill holes are expected to be received and released by the company in mid-August.

Tethyan is immediately rehabilitating the drilling sites and access roads in accordance with recent warranties which Tethyan made to the Raska municipality and Rudniza community, demonstrating the Company's commitment to sustainable operation.

Additionally Tethyan has now completed a comprehensive programme of engagement with local landowners, the municipality, utility companies and law enforcement agencies throughout the area of the planned induced polarisation geophysical survey.

This survey will commence in late-August following the harvesting of key crops.

"We are pleased to complete another well-run drilling programme at Rudnitza and look forward to receiving the results in August,” said Tethyan chief operating officer Fabian Baker.

“Our focus is now to prepare for and carry out the TITAN IP survey, which we hope will guide our future drill programmes and identify new targets within this large mineralised system, which to date we have only drilled a small part of."

Quick facts: Tethyan Resources PLC

Price: $0.42

Market: TSX-V
Market Cap: $33.69 m
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