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FINAL HIGH GRADE INFILL DRILL RESULTS AT TIMOK UPPER ZONE

We are pleased to announce final assay results from the recently completed infill drilling of the Upper Zone at the Timok copper-gold project.

  • Drilling confirms continuity and the high-grade nature of the Upper Zone
  • New massive and semi-massive sulphide intersections include: 
    • 16.94% Cu and 6.97g/t Au over 25.5m, within 4.46% Cu and 2.38g/t Au over 280.0m in TC160146B
    • 15.86% Cu and 7.69g/t Au over 27.0m, within 5.18% Cu and 2.28g/t Au over 274.5m in TC170157 
    • 20.57% Cu and 9.17g/t Au over 49.5m, within 6.77% Cu and 3.67g/t Au over 265.5m in TC160147
    • 15.63% Cu and 12.28g/t Au over 19.5m, within 5.37% Cu and 4.94g/t Au over 177.0m in TC160142
  • Exploration drilling for additional Upper Zone type deposits underway

Timok Upper Zone

The high sulphidation epithermal mineralization (HSE) in the Upper Zone comprises massive sulphide, semi-massive and also vein, stockwork, dissemination and hydrothermal breccia matrix sulphide hosted by strongly altered andesite. The HSE mineralization forms a single coherent zone at depths ranging from 400 to over 800m below surface. Pyrite is the dominant sulphide mineral and covellite the principal copper mineral with lesser enargite, bornite and chalcocite occurring in veins, hydrothermal breccias, disseminations and replacement. Gold correlates with the copper sulphides preferentially occurring within pyrite bordering the copper sulphides.