- CEO notes that prospecting, mapping and sampling have provided an extensive base of information to support drilling and IP survey
- Last month’s property-wide mapping and sampling program confirmed a structural connection between two key sections of the property
- This month’s drilling program will test the extent of the mineralization and study how the systems at Deer Horn and Pond are related
First Tellurium (CSE: FTEL) (OTCQB: FSTTF) has wrapped up a property-wide mapping and sampling program at its Deer Horn property in west-central British Columbia and is preparing to launch a drill program later this month (https://nnw.fm/7CPql). Based on data gathered through mapping and sampling programs, drilling at Deer Horn will focus on the Pond zone copper-gold porphyry target, the company stated (https://nnw.fm/B9QR7).
“Our prospecting, mapping and sampling over the past two years have given us an extensive base of information to support the drilling and IP survey,” said Tyrone Docherty, First Tellurium president and CEO. “What we have learned is that both the copper-gold porphyry target and gold-silver-tellurium vein system extend much farther than we first understood. Even more important is the discovery last month that the two mineralized systems are connected, supporting the premise that the property could support a large copper-gold porphyry across ground that has never been explored.”
Docherty also stated the First Tellurium is launching an Induced Polarization (“IP”) geophysical survey, which will follow up on earlier rock sampling, channel sampling and prospecting.
Studies and research the company has conducted in the past several weeks have been critical as First Tellurium has planned its next steps. In August, graduate students from the University of British Columbia and the University of St. Andrews (Scotland), under the direction of First Tellurium consultant Professor Lee Groat, began conducting a property-wide mapping and sampling program (https://nnw.fm/EnPtg). The objective of the comprehensive survey was to evaluate a large portion of untested ground and provide information that could be combined with earlier mapping and sampling programs done in 2012.
Within a week, the program had produced exciting results, confirming a crucial structural connection between the property’s Pond copper porphyry and gold-silver-tellurium systems (https://nnw.fm/zkGst). “Mineralized veins on either side of the property are likely part of a larger ore forming process that generated both mineralized systems,” the company reported. “Preliminary results . . . confirm that the primary structure within the Deer Horn property is a large, east-west trending thrust fault. Historically, mineral exploration has focused on the southeastern part of the property, where high grade gold-silver-tellurium (Au-Ag-Te) mineralization is predominantly located in quartz veins associated with this thrusting event.
“More recently, due to glacial recession, new sites in the northwestern part of the property have been uncovered, where significant copper mineralization has been observed at the Pond showing and adjacent areas,” the report continued. “This is thought to be part of a new porphyry copper system, potentially similar to the nearby Huckleberry Mine.”
By the end of August, the property-wide mapping and sampling program had reinforced a key porphyry alteration model and provided drill targets for this month’s drill program (https://nnw.fm/xyj6B). “The location and orientation of both the Pond and Saddle porphyry zones align with well-established porphyry alteration zone models,” observed Groat. “The alteration zones observed on surface indicate that a potassic zone lies in the subsurface at the Pond area. This is one of the key markers for a mineralized copper porphyry. All this information reinforces the premise that Deer Horn supports a copper porphyry system in an area that has never been drilled. The initial drilling in September will give us further crucial information.”
September’s drill program will consist of one drill pad in the Pond zone and two drill pads in the Saddle-New vein area. The objective of the program is to test the extent of the mineralization between the Deer Horn and Pond showings and to study how the systems at Deer Horn and Pond are related.
First Tellurium is committed to generating revenue and value by exploring responsibly and leveraging diverse partnerships. Our polymetallic (tellurium, gold, silver, copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers.
For more information, visit the company’s website at www.FirstTellurium.com.
NOTE TO INVESTORS: The latest news and updates relating to FSTTF are available in the company’s newsroom at https://nnw.fm/FSTTF
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