- First Tellurium Corp. (FTEL) is planning a follow-up drill campaign for mid-October at its Pond copper porphyry target
- Samples collected from the porphyry target zones in 2012 produced results as high as 4240 ppm Cu and 6.6 g/t Ag
- First Tellurium’s latest PEA noted that these showings were indicative of a copper porphyry system hidden from previous explorers due to glaciation
- First Tellurium Corp. (FTEL) is up 8.11 per cent, trading at $0.20 per share at 10 am ET
First Tellurium Corp. (FTEL) is planning a follow-up drill campaign for mid-October at its Pond copper porphyry target.
This follows the copper porphyry investigation completed in late August at the company’s Deer Horn Property.
First Tellurium’s President and CEO, Tyrone Docherty, stated that the company’s work last month identified additional copper porphyry-type rocks and geology at the Pond showing.
“Although we’re awaiting assays from the latest rock samples, the team was confident enough in what they found to conduct a short drill campaign to gain more information before the 2022 exploration season ends.”
He added that in addition to tellurium, the property’s tungsten, bismuth, zinc, and molybdenum are all included on the critical metals’ lists for both Canada and the U.S.
“Although copper is not technically a critical metal due to its domestic supply, the green revolution cannot happen without it and a lot more copper will be needed. Identifying a large-scale copper porphyry system at Deer Horn could be a game-changer for the company.”
The Pond is one of three porphyry-style showings discovered at Deer Horn in 2012. Samples collected from the porphyry target zones in 2012 produced results as high as 4240 ppm Cu and 6.6 g/t Ag.
First Tellurium’s latest PEA noted that these showings were indicative of a copper porphyry system hidden from previous explorers due to glaciation.
The exploration crew and the drilling company are returning to the property this week to confirm drill locations/access and to examine other potential targets
The Deer Horn Property is First Tellurium’s flagship polymetallic project. It contains porphyry-type copper and tungsten along with one of the world’s only NI 43-101 resource estimates of tellurium, gold, and silver.
First Tellurium Corp. is a Canadian exploration company engaged in developing a tellurium-silver-gold mine at the Deer Horn Property in British Columbia, as well as other mineralized zones that contain tungsten, copper, bismuth, lead, zinc, and molybdenum.
First, Tellurium Corp. (FTEL) is up 8.11 per cent, trading at $0.20 per share at 10 am ET.
