Mining News

Tethyan Resources drilling in Serbia has confirmed copper/gold potential

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

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.

Supported by

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.


Related posts

Communities face down plans to expand Britain’s last coal mines


Battery manufacturers must secure their graphite supply chain with resources in the ground

Post Editor

Mundoro Capital Commences Drill Program at the BHP Optioned Borsko Project in Serbia

error: Content is protected !!