Electrum Discovery Announces Results from Petrological Study and Outlines New Targets at Karamanica at the Novo Tlamino Project

Core Insights - Electrum Discovery Corp. has reported positive results from a petrographic study on the Karamanica Prospect, part of the Novo Tlamino Project in southern Serbia, confirming gold-bearing structures across three newly identified target areas [1][2][3] Novo Tlamino Project - The Novo Tlamino Project is located within the Serbo-Macedonian Metallogenic Belt, known for hosting various mineral deposits including epithermal gold and porphyry Cu-Au deposits [3] - The Barje Deposit within the project has an inferred resource of 670,000 oz AuEq, comprising 570,000 oz Au and 8.8 Moz of Ag [3][25] Karamanica Prospect - The Karamanica Prospect is situated approximately 8 kilometers west of Barje and is centered on a significant gold-in-soil anomaly [4] - Recent field prospecting has confirmed gold and base metal mineralization across three new target zones: Drill Road Breccia, Northeast Gossan Field, and Western Jasperoid [5][18] Petrographic Analysis - The petrographic analysis of 18 samples from the Karamanica Prospect indicates a variety of hydrothermal alteration styles and lithologies consistent with multiple mineralizing environments [7][9] - Gold-bearing structures have been identified with assays up to 2.39 g/t Au, and high-grade silver and polymetallic associations have been noted, including rock chip assays up to 745 g/t Ag and 21% Pb [5][14][16] Rock Sampling - A total of 19 rock chip samples were collected, revealing widespread gold mineralization with peak values of 2.39 g/t Au and notable silver values, including a peak of 745 g/t Ag [10][11][14] - Lead and zinc show significant enrichment, with one sample returning 21.0% Pb [15][16] Target Highlights - The refined targets based on the petrology report and new rock sample assays include: - Drill Road Breccia Target with assays up to 2.39 g/t Au and 56 g/t Ag [18] - Northeast Gossan Target with gossan outcrops returning up to 2.90% Zn and 2.01% Pb [18] - Western Jasperoid Target indicating a potentially mineralized structure with assays up to 0.49 g/t Au [18] Next Steps - The company is evaluating geophysical methods to delineate mineralized structures and integrate this data with existing surface geochemistry and geological mapping to prioritize future drill targets [17]