Tethyan Resources PLC (LON:TETH) has released the results of new drill holes at the Rudnitza copper-gold prospect, in Serbia, where the explorer is unearthing what is described as “a very extensive mineralised system.”
Drill hole RDD-006, which is one of four in a recent drill programme, encountered some 460 metres of mineralisation from surface with an overall grade of 0.21% copper and 0.2 grams per tonne, and which included 20 metres of higher grade 1.04% copper and 0.2 g/t gold from a depth of 92 metres.
Also, hole RDD-005 hit 260 metres of mineralisation starting at a depth of 6 metres with a grade of 0.22% copper and 0.2 grams per tonne gold, including a 12 metre section with 0.78% copper and 0.13 g/t gold.
Tethyan chief operating officer Fabian Baker, in a statement, said: “We are pleased that further drilling at Rudnitza has confirmed that this is a very extensive mineralised system.
“These results show good continuity and significantly add to our understanding of the geological setting of the mineralisation. Rudnitza is evidently a large mineralised system with numerous zones as yet undrilled."