Market Herald logo

Subscribe

Be the first with the news that moves the market
  • First Tellurium (FTEL) conducts channel sampling on multiple copper targets at Deer Horn
  • The company followed up on rock sampling at the Pond and H Spot showings in August and September, which encountered widespread porphyry-style mineralization
  • In addition, a prominent quartz vein outcrop at least three meters wide, discovered in September, will be sampled and measured
  • A key objective, according to CEO Tyrone Docherty, of the current sampling is to identify drill targets for this third zone
  • First Tellurium (FTEL) is down over 3 per cent, trading at C$0.15 at 1:17 pm

First Tellurium (FTEL) has conducted channel sampling on multiple copper targets at Deer Horn Property in British Columbia.

The company followed up on rock sampling at the Pond and H Spot showings in August and September, which encountered widespread porphyry-style mineralization.

The team will also conduct channel sampling on the third zone of porphyry-style mineralization northeast of the Pond and H Spot zones.

This target was first identified in 2012 and never explored.

In addition, a prominent quartz vein outcrop at least” three meters wide, discovered in September, will be sampled and measured.

“Dr. Groat and his team came back very excited about what they found last month,” said FTEL President and CEO Tyrone Docherty.

“It’s why they wanted to get back and start drilling before we lost our fall weather window. Unfortunately, we weren’t able to coordinate all the logistics with the drilling company in time for the 2022 season,” added Dr. Groat.

The third porphyry-style shHorn’sof copper-gold mineralization occupies the northeast quadrant of Deer Horn’s 51-square kilometre claim holdings on a ridge crest 1.8 km northwest of Kenney Lake.

“A key objective of the current sampling is to identify a drill target for this third zone. This third showing has intrigued us for a long time,” said Docherty. 

First Tellurium (FTEL) is down over 3 per cent, trading at C$0.15 at 1:17 pm EST.


More From The Market Herald

" Prime Meridian (TSXV:PMR) announces $1M financing

Prime Meridian Resources Corp. (PMR) has signed a non-brokered private placement financing agreement for proceeds of up to $1 million.

" Fortune Bay (TSXV:FOR) files Goldfields PEA

Fortune Bay (FOR) has filed an independent preliminary economic assessment (PEA) for its Goldfields Project in Saskatchewan.

" Emperor Metals (CSE:AUOZ) announces $5M private placement

Emperor Metals (AUOZ) has announced a non-brokered private placement for gross proceeds of up to $5,001,550.
Emerita Resources Corp. - CEO, David Gower

" Emerita (TSXV:EMO) announces Aznalcóllar trial date

Emerita Resources (EMO) announced the Third Section of the Provincial Court of Seville has set the date court date regarding the Aznalcóllar package.