Sign up USA
Proactive Investors - Run By Investors For Investors

Tethyan Resources completes geophysical surveys for Serbian projects, with interpretation expected in October

Peter Mullens, Tethyan’s CEO commented "We are pleased to have completed this geophysical survey, it is a key step in building our understanding of the deposit geology at Rudnitza and the earlier-stage Gokcanica Project”
Serbia
He added: “We look forward to identifying new exploration targets which we will follow-up with drilling in due course"

Tethyan Resources PLC (LON:TETH) said today it has completed substantial geophysical surveys at the Suva Ruda and Gokcanica projects located in Serbia, with interpretation of the data expected to be completed and announced in October.

The AIM-listed firm said the surveys were conducted by Canadian company Quantec Geoscience, a world leader in the field, using their proprietary 'TITAN 24' system, which collects two separate geophysical surveys - Induced Polarisation, as well as Magnetotelluric.

WATCH: Tethyan Resources building a strong pipeline of projects

Tethyan said, at the Suva Ruda Project, the survey consisted of ten survey lines, each 2.4 kilometres long and 200 metres apart, covering the entire Rudnitza porphyry system where Tethyan have completed eight drill holes to date.

At the Gokcanica Project, five survey lines were measured, each 400 metres apart, over a mountain ridge where stream sediment and soil geochemistry indicated elevated levels of gold, copper and other elements regarded as indicative of porphyry-type mineralisation.

In preparation for the surveys, Tethyan said it was successful in gaining land access permissions to hundreds of small agricultural land plots, and from the municipal road and rail authorities as well as the local military and police forces.

READ: Tethyan Resources unearths more drill results from “very extensive mineralised system” in Serbia

Peter Mullens, Tethyan’s CEO commented "We are pleased to have completed this geophysical survey, it is a key step in building our understanding of the deposit geology at Rudnitza and the earlier-stage Gokcanica Project.”

He added: “We look forward to identifying new exploration targets which we will follow-up with drilling in due course."

View full TETH profile View Profile

Tethyan Resources PLC Timeline

Newswire
February 26 2018

Related Articles

Gold pour
March 15 2018
Total gold equivalent ounces (GEOs) produced clocked in at 189,456, up 17% on the 161,289 GEOs produced in 2016...
Gold wreath
November 13 2017
What makes Lionsgold more than "just another gold mine developer" is its partnership with TRAC, which has developed a trading platform that allows investors to acquire and store physical gold and silver rather than buying into exchange traded funds
1522843655_shutterstock_102742847.jpg
April 04 2018
BAM East will be the focus in 2018, after Landore completed a £3.15mln funding

No investment advice

The Company is a publisher. You understand and agree that no content 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 the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. 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.

Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use