VANCOUVER, British Columbia, Canada, October 6, 2022 (GLOBE NEWSWIRE) — First Tellurium Corp. (CSE: FTELOTC FSTTFMore) (“The Company” or “First Tellurium”) reports that channel sampling is underway at the company’s Deer Horn property in west-central British Columbia. Extensive porphyry-style mineralization (assay pending). The team will also conduct channel sampling in his third zone of porphyry-style mineralization northeast of the pond and H-spot zones. This target was first identified in 2012 and was never investigated. We will also sample and measure a prominent quartz vein outcrop with a width of more than 3 meters discovered in September.
“Dr. Groat and his team are very excited about what they discovered last month,” said FTEL President and CEO Tyrone Docherty. “That’s why they wanted to go back and start drilling just before they lost their fall weather window. Unfortunately, we weren’t able to coordinate all the logistics with the drilling company in time for the 2022 season. ”
Bigger drill campaign proposed for 2023
“While we hope to complete a limited number of boreholes this season, waiting until next year will give us a longer period to conduct comprehensive drilling,” said Docherty. . “In addition, the analysis and information from this year’s sampling will provide us with better information for planning a large-scale drilling campaign in 2023. We hope to expand the drilling to include new targets, which could significantly expand the Deerhorn porphyry potential.”
Photo Gallery of the September Sampling Program
A photo gallery of the August-September program is available on our website.
“These photos show our shareholders why we are excited about the additional work that is currently underway,” said Docherty. “Multiple targets are visible in the extensive porphyry outcrop. This is why Dr. Groat wanted to get a drill on site as soon as possible, and why he returned to the facility again this week for sampling. is.”
3rd sampling of porphyry-type mineralization
A third porphyry-style show of copper-gold mineralization occupies the northeast quadrant of Deer Horn’s 51 sq km claimed holding atop a ridge 1.8 km northwest of Kenny Lake. Select grab samples from this display that were graded in 2012 from 10 to 4540 ppm Cu, 0.07 to 7.72 ppm Ag, and <5 to 262 ppb Au. Flume sampling, led by Dr. Lee Groat at the University of British Columbia, will further explore its porphyry potential.
The main purpose of current sampling is to identify drill targets for this third zone.
The pond is shown at the first Tellurium Deer Horn property.click here To access the complete photo gallery.
“This third show has been intriguing us for a long time,” says Docherty. “His PEA of May 2018 specified recommendations for further work in the area, which has no known exploration history and geology indicates porphyry-type mineralization. pointed out.”
of FTELs New website, presentations and videos
We are also pleased to announce the launch of our new website. On this website you can find information about our company and properties. We also released a new animated pitch deck. You can see from here. This presentation provides an overview of our business and future opportunities. Finally, we also released a new instructional video. You can see from here. In this video, we go into more detail about our properties and how they can help the first tellurium investor.
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
For more information, please contact:
Neither the Canadian Stock Exchange nor its regulators are responsible for the adequacy or accuracy of this release.
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..
First Tellurium Performs Channel Sampling Against Multiple Copper Targets in Deer Horn, Canadian Business Journal
Source link First Tellurium Performs Channel Sampling Against Multiple Copper Targets in Deer Horn, Canadian Business Journal