- First Tellurium (CSE:FTEL) has new targets for the September drill program at its Deer Horn tellurium-gold-silver project in British Columbia
- The property-wide mapping and sampling program reinforced a key porphyry alteration model and a crucial structural connection between the property’s Pond copper porphyry and gold-silver-tellurium systems has been found
- This information reinforces the premise that Deer Horn supports a copper porphyry system in an area that had never been drilled
- First Tellurium Corp. opened trading at $0.11 per share
First Tellurium (CSE:FTEL) has new targets for the September drill program at its Deer Horn tellurium-gold-silver project in British Columbia.
The property-wide mapping and sampling program reinforced a key porphyry alteration model and a crucial structural connection between the property’s Pond copper porphyry and gold-silver-tellurium systems has been found.
“The location and orientation of both the Pond and Saddle porphyry zones align with well-established porphyry alteration zone models,” Dr. Lee Groat, consulting geologist, said in a news release. “The alteration zones observed on surface indicate that a potassic zone lies in the subsurface at the Pond area. This is one of the key markers for a mineralized copper porphyry.”
Dr. Groat added that this information reinforces the premise that Deer Horn supports a copper porphyry system in an area that had never been drilled.
The upcoming drill program is planned to consist of one drill pad in the Pond zone and two drill pads in the Saddle-New vein area.
The team’s objective at the Pond Zone will be to intersect disseminated mineralization, which would help locate the main ore zone in the subsurface. In the Saddle area, the objective will be to intersect disseminated mineralization, multiple mineralized veins, and the thrust fault.
The sampling, drilling, and upcoming IP survey at Deer Horn are all designed to support a follow-up drill program, expected to test the extent of the mineralization between the Deer Horn and Pond showings and to study how the systems at Deer Horn and Pond are related.
First Tellurium Corp. works to generate revenue and value through mineral discovery, project development, project generation and cooperative access.
First Tellurium Corp. opened trading at $0.11 per share.
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