JERSEY, UK, Nov. 2, 2017 /CNW/ - Tethyan Resources plc (the "Company") (AIM:
TETH) (TSXV: TETH) is pleased to release results of the TITAN 24 geophysical survey carried-out at the Rudnitza
copper-gold porphyry prospect within the Suva Ruda Project, Serbia. The results are interpreted as highly encouraging by
Tethyan's geologists, showing a significant anomaly of coincident high chargeability and low resistivity, that is a common
signature of porphyry systems, from a depth of approximately 300 metres below surface and extending more than 1,200 metres to the
depth limit of the survey at 1,500 metres below surface.
At approximately 400 meters below surface the geophysical anomaly indicates the possibility of two porphyry centres,
described as a 'double-headed porphyry', an interpretation which is supported by the two distinct copper-gold-molybdenum soil
sampling anomalies Tethyan has previously defined. From 600 metres below surface the geophysical anomaly combines into one large
anomaly extending approximately 1,500 metres north to south, and 400 metres east to west, representing an exploration target of
significant scale.
Of particular importance, it is apparent that Tethyan's drilling to date has not tested the main anomaly as the drill holes
have all been drilled above and to the east of the anomaly.
Diagrams representing these results, and showing the position of drilling relative to the anomalies, can be found on Tethyan's
website at https://www.tethyan-resources.com/2017-11_geophysics/.
A high chargeability anomaly is typically interpreted to represent an elevated concentration of conductive sulphide minerals,
which in the case of a porphyry target may be pyrite yet also copper-bearing minerals such as chalcopyrite and bornite. At the
Rudnitza porphyry, Tethyan's geologists have identified from drilling so far that copper and gold mineralisation is best
developed where pyrite is the dominant sulphide mineral which in turn is closely associated with copper-bearing chalcopyrite and
lesser bornite. In this survey, the chargeability level of the main anomaly is unusually high, often exceeding 70 milliradians
and up to 120 milliradians, whereas the chargeability recorded in the area of Tethyan's drilling to date is in the range of 30 to
60 milliradians.
Tethyan is highly encouraged by these results, and will be using the data to plan future drilling programs which are expected
to commence in Q2 2018.
Fabian Baker, COO of Tethyan commented: "These results have surpassed our hopes and
expectations for the survey. Although geophysical results are not conclusive evidence of mineralisation, this is a compelling
exploration target as the strength and continuity of this anomaly is impressive. It is also very interesting to note that our
drilling to date has only tested the margins of the anomaly. These results give us some clear targets for next year's drilling,
which we will begin planning and permitting for right away."
Qualified Person
The technical information in this news release has been reviewed by Tethyan's Chief Executive Officer, Peter Mullens, FAusIMM, who is a Qualified Person as defined by National Instrument 43-101.
About Tethyan
Tethyan Resources Plc 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.
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
This news release contains forward-looking statements relating to expected or anticipated future events and anticipated
results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general
economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues,
new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new
political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of
prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of
unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and
unknown risks and uncertainties and other factors .
SOURCE Tethyan Resources PLC
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