Electrum Discovery Corp. (TSXV: ELY | FRA: R8N | OTC: ELDCF) has commenced a maiden diamond drill programme at the company’s Timok East copper-gold project in Eastern Serbia. The programme principally aims to test priority geological, geochemical and geophysical targets defined at the Bambino Central copper-gold anomaly, located less than 4km east from Zijin Mining’s Bor mining complex. The initial phase comprises up to 1,000m of drilling, with an additional 1,000m contingent on the results of the first phase.
Dr Elena Clarici, CEO and President of Electrum commented: “We are thrilled to move into the next stage of exploration and to start our maiden drilling campaign at the Bambino Central zone of the Timok East project. Initial soil and rock chip sampling, trenching and ground geophysics have all pointed to a strong anomaly in the southern part of Timok East and drilling is the natural next step. Drilling Bambino is the first step in the broader exploration programme and will provide further understanding of the largely untested 123 square kilometers Timok East Project.”
The Timok East project is located on the eastern margin of the Timok Magmatic Complex, a world-class copper-gold district located in the Republic of Serbia. In the recent times, the TMC region has seen and continues to see significant new exploration, discoveries and investment. The Timok East project, consists of three licences: Bukova Glava, Luka and Makovište and covers some 123km2. Work to date was entirely focused on the Makovište licence where Bambino Anomaly was outlined in 2024.
Bambino Central, the most advanced target at Timok East, spans 550m of strike and features highly anomalous surface copper and gold geochemistry supported by positive trenching results with underlying chargeability and resistivity anomalies at depth. It lies within the 1.8km Bambino copper and gold anomaly within which Electrum has identified additional target areas (Bambino 1, Bambino 2, Bambino 3, and Bambino 4) with significant copper and gold anomalies identified from soil and rock-chip samples.
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