Canadian Business Journal, First Tellurium Report on Recent Channel Sampling at Deer Horn

VANCOUVER, British Columbia, Canada, October 19, 2022 (GLOBE NEWSWIRE) — First Tellurium Corp. (CSE: FTELOTC FSTTFMore) (the “Company” or “First Tellurium”) determined that porphyry mineralization was determined through channel and rock sampling conducted October 5-7 at the Company’s Deer Horn property in midwestern British Columbia. have been confirmed, while others have reported encountering new mineralization. sample in advance. Channel samples were collected from pond and H-spot porphyry targets. These samples complement rock samples obtained from the North Pond Porphyry target and other minerals in August and September. Click here for photos of the sampling program.

“Analysis is still pending, but this was a positive sampling effort that was successful in almost every way,” said Geologist Tony Fogarassy, ​​Chairman of the First Tellurium Commission who participated in the sampling. “Not only have we identified porphyry mineralization in the Pond, North Pond and H-Spot zones, but we have also identified a 1.1 km (.7 mi) extension of the existing 2.4 km (1.5 mi) gold-silver-tellurium system. We have discovered possibilities.. This venous system can now stretch a total of 3.5 kilometers (2.2 miles).”

Information from the three 2022 sampling programs supports the premise of the May 2018 Preliminary Economic Assessment that Deer Horn hosts at least one copper-gold-silver porphyry system. Photos from previous samplings can be found here.

“In short, the porphyry story is coming together,” Fogalassie said.

“We’re definitely discovering porphyry mineralization,” said consulting geologist Dr. Lee Grote. “We have all the indicators. Everything looks right.”

“The larger puzzle we want to solve is the age relationship between gold-silver-tellurium veins and porphyry mineralization. I’m really looking forward to putting together some very interesting puzzle pieces.”

Groat and his team also sampled numerous quartz veins exposed around the porphyry target.

“We found a lot of unsampled and unexplored mineralized quartz,” says Groat. “Some of these outcrops appear to be a westward extension of the known gold-silver-tellurium system.

Groat will lead a team of UBC graduate students in a comprehensive property-wide sampling and mapping program in the 2023 season. “Much of this land remains unexplored due to past snow cover and glaciation,” Groat said. “We now have access to vast tracts of land for the first time. We can’t wait to see what we have found.”

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Abuout First tellurium company
First Tellurium’s unique business model is to generate revenue and value through cooperative access to undeveloped mineral areas of indigenous territories with mineral discovery, project development, project generation and sustainable exploration. .

Our polymetallic (tellurium, gold, silver, copper, tungsten) Deer Horn Project (British Columbia) and Klondike Tellurium-Gold (Colorado) properties work with indigenous peoples, NGOs, governments and major metal buyers. and supports a wide variety of metal searches. This is the future of mineral exploration. Generate revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to and upholds the principles and rights set forth in the United Nations Declaration on the Rights of Indigenous Peoples, in particular the fundamental proposition of free and prior informed consent.

On behalf of the Board of Directors First tellurium company “Tyrone Docherty” Tyrone Docherty Representative Director and President	For more information, please contact: Tyrone Docherty 604.789.5653 [email protected]

Neither the Canadian Stock Exchange nor its regulators are responsible for the adequacy or accuracy of this release.

Forward-Looking Information
All statements contained in this press release that address activities, events or developments that the Company anticipates, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are based on our experience, recognition of historical trends, current conditions, expected future developments and other factors that we contains a number of assumptions made by In addition, these statements are subject to known and unknown material risks and uncertainties, and projections, projections, forecasts and other forward-looking statements may prove to be inaccurate. risks, some of which are beyond our control. Readers should not place undue reliance on forward-looking statements. Except as required by law, we do not intend to revise or update these forward-looking statements after the date hereof..

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