#Tellurium #Reviews #Exploration #Deer #Horn
Vancouver, BC, Nov. 02, 2022 (GLOBE NEWSWIRE) — First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company” or “First Tellurium”), has provided a review of its 2022 exploration program at the Company’s Deer Horn polymetallic project in west-central British Columbia. Work for the season included rock sampling, channel sampling and prospecting focused primarily on the property’s copper porphyry potential. Assays from the sampling programs are pending.
Adding a Structural Geologist to Planned 2023 Program
Based on the findings from the 2022 sampling, Dr. Lee Groat, who directed the program, plans to add a structural geologist to the 2023 team to help understand the faulting, folding and other mechanisms at Deer Horn to help determine the property’s geologic structure and the location of mineralization.
“This is all part of the teasing out of the history of the deposit,” said Dr. Groat. “There’s so much we don’t know, because so much truly interesting ground has never been studied in depth. My belief is that this information will open up more targets while answering some of the key questions we have.”
The 2023 program will be funded by a planned private placement of up to $1.4 million. Mr. Docherty plans to personally provide a significant amount of the total financing.
“Since we first acquired the Deer Horn Property, I have solidly backed up my belief in the quality of this project,” said First Tellurium President and CEO Tyrone Docherty. “Not only am I the company’s largest shareholder, the discoveries made this summer and fall, combined with the enthusiasm shown by Dr. Groat and even the driller who investigated the project with our team, have given me even more conviction that this is bigger and better than we imagined.”
Property-Wide Soil Sampling by UBC Team in 2023
Part of the planned 2023 program…