- First Tellurium (FTEL) now has a crew for its Deer Horn tellurium-gold-silver project drill campaign in British Columbia
- Canadian Recon Manufacturing of Maple Ridge, BC, built the drill
- Exploration in 2023 will focus on testing new targets identified during the 2022 season, as well as pre-existing drill targets identified in the 2018 Preliminary Economic Assessment
- First Tellurium (FTEL) opened trading at C$0.19
First Tellurium (FTEL) now has a crew for its Deer Horn tellurium-gold-silver project drill campaign in British Columbia.
Through its sister company, Canadian Remote Drilling, Canadian Recon Manufacturing of Maple Ridge, BC, built the drill. It was designed specifically for power and portability and is considered ideal for the needs at Deer Horn.
First Tellurium’s President and CEO, Tyrone Docherty, explained that Canadian Remote Drilling is well-known in the industry.
“Based on Phil McLean’s enthusiastic endorsement of the Deer Horn property, the Alaskan company that sold us the drill took shares for payment. They’re eager to participate in our success, and we welcome them as shareholders.”
He added that First Tellurium is considering acquiring a second drill dedicated to the Deer Horn project for 2024.
“Based on the expanding exploration plans now under consideration, we know that a second drill would make a lot of sense, both economically and logistically. Having two drills on site would give us enormous flexibility and save us a significant amount of money in the long run.”
Canadian Remote Drilling’s owner Phil McLean said his team is well-trained for the requirements of these specialized drill campaigns.
“We’ve used them in geology, terrain and conditions very much like what we’ll encounter at Deer Horn, and I’m excited to deliver value for First Tellurium in their upcoming campaign.”
Exploration in 2023 will focus on testing new targets identified during the 2022 season, as well as pre-existing drill targets identified in the 2018 Preliminary Economic Assessment.
First Tellurium works to generate revenue and value through mineral discovery, project development, project generation and cooperative access.
First Tellurium (FTEL) opened trading at C$0.19.
