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Electrum Discovery Provides Operational Update, Exploration Footprint Expanding
Thenewswireยท 2025-12-01 07:00
Core Insights - Electrum Discovery Corp. is advancing exploration activities at its copper-gold Timok East and gold-silver Novo Tlamino projects in Serbia, with significant geophysical surveys and drilling planned for 2026 [1][2][4] Group 1: Timok East Project - The Timok East Project is located within the Western Tethyan Belt, adjacent to world-class porphyry Cu-Au deposits, and has identified multiple geophysical and geochemical anomalous zones [2][4] - A second phase of the Audio-Magnetotelluric (AMT) survey is underway, with 41 measuring stations planned over an area of 5 x 2.5 kilometers, aimed at refining the subsurface resistivity model [3][4] - The exploration footprint of the Timok East project has expanded to 210 square kilometers following the granting of a new exploration license, Rgotna [4][12] Group 2: Novo Tlamino Project - The Novo Tlamino Project hosts the Barje gold-silver deposit, which contains an inferred resource of 7.1 million tonnes grading 2.5 g/t Au and 38 g/t Ag, equating to approximately 670,000 ounces of gold equivalent [13][16] - A ground magnetic survey of approximately 90 line-kilometers has commenced over the Barje deposit to refine geological models and assist in drill targeting [16][18] - An infill drilling program of approximately 3,200 meters is planned to upgrade the resource category, along with an additional 1,000 meters of step-out drilling to test potential extensions of mineralization [18][17]