JERSEY, UK, Sept. 26, 2017 /CNW/ - Tethyan Resources PLC (AIM:TETH)
(TSX-V:TETH) ("Tethyan" or the "Company") is pleased to announce that it has completed substantial geophysical
surveys at the Suva Ruda and Gokcanica Projects located in Serbia. Interpretation of the data collected by the surveys is
expected to be completed and announced in October.
The surveys were conducted by the Canadian company Quantec Geoscience, a world leader in the field, using their proprietary
'TITAN 24' system. TITAN 24 is an advanced system that collects two separate geophysical surveys, Induced Polarisation ("IP") as
well as Magnetotelluric ("MT"). The advantages of the TITAN 24 system over more traditional IP techniques is that the survey
generates data to greater depths (up to 1,500 metres depth), and with improved resolution at shallower depths.
The method is well tested on porphyry systems worldwide; the aim of the surveys is to gain indications of where different
lithologies, alteration styles and concentrations of mineralisation might occur. The data will be used to better understand and
identify extensions to the areas which Tethyan has already drilled, and locate new targets for future drilling.
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 has completed eight drill holes to date. At the Gokcanica Project, five survey
lines will be 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 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. This was the result
of a significant and long-term programme of community and government engagement, led by Tethyan's dedicated Land and Community
Officer, Mr Marko Miletic.
Peter Mullens, CEO of Tethyan 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. In addition, Tethyan is grateful to the support of the local people and authorities who have made every effort to assist
Tethyan in carrying-out this work. We look forward to identifying new exploration targets which we will follow-up with drilling
in due course."
About Tethyan
Tethyan Resources Plc ("Tethyan Resources") is a gold and base metal mineral exploration company incorporated in England & Wales (company registration number 3781581). Tethyan
Resources listed on AIM (TETH.L) in 2004 and commenced trading on the TSX Venture Exchange on September 6,
2017, under the symbol "TETH".
Tethyan Resources is focused on the Tethyan Metallogenic Belt in Eastern Europe, mainly
Serbia, where it is acquiring and exploring a portfolio of quality precious and base metals projects with known mineralisation
and compelling drill targets.
Tethyan emphasises responsible engagement with local communities and stakeholders, and is committed to proactively
implementing Good International Industry Practice (GIIP) and sustainable health, safety and environmental management.
More information can be found on our website: www.tethyan-resources.com. This announcement contains inside information for the purposes of Article 7 of EU
Regulation 596/2014.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation.
Forward-looking information includes, but is not limited to, statements with respect to holding the general meeting and mailing
the meeting materials. Generally, forward-looking information can be identified by the use of forward-looking terminology
and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the
opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company
to be materially different from those expressed or implied by such forward-looking statements or forward-looking information,
including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, and financing and additional
capital requirements. Although management of the Company has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking statements or forward-looking information, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company
will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except
as required by applicable securities laws.
SOURCE Tethyan Resources PLC
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