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Suva Ruda has potential to be Tethyan's 'flagship project' says CEO

Tethyan Resources PLC (LON:TETH) is planning to raise up to C$1.44 mln (£890,000) through the issue of 40 mln new shares. Tethyan intends to use the money raised to undertake further work on its Serbian assets, Suva Ruda and Gokcinica, and for general corporate purposes.

Chief executive Peter Mullens tells Proactive: ''We believe Suva Ruda has the potential to be a significant Copper-Gold system. What we're doing is raising some money so we can get an initial drill program done - we'd like to drill two thousand metres before Christmas and then do some geophysics and move the project forward before a major drill program next year.''

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