Electrum Discovery Corp. (TSXV: ELY | FRA: R8N | OTC: ELDCF) has announced results from rock-chip sampling carried across various targets at its Timok East copper-gold project, in the Republic of Serbia. The results have confirmed significant strike extensions of the Bambino copper-gold anomaly and identified a potentially over-printing gold system. The property adjoins Zijin Mining Bor Copper-Gold Mining Complex and is just 4km east from the Veliki Krivelj copper gold porphyry mine.
Dr Elena Clarici, CEO and president of Electrum commented: “Our new results are highly encouraging and continue to support thesis that significant mineralization exists outside the traditional Timok Magmatic Complex. Our neighbour, Dundee Precious Metals Inc. has identified multiple copper- gold and gold mineralization styles in sedimentary rocks on the western edge and outside of the traditional Timok Magmatic Complex, and we are also seeing copper-gold and gold mineralization to the east.”
Rock-chip assays confirm copper-gold mineralization across significant extensions at Bambino to over 1.5 strike kilometers. Rock chip samples returned grades of 14.2g/t Au and 3.35g/t Au and copper-gold bearing rocks include chips samples of 4.93g/t Au and 0.57% Cu and 2.62g/t Au and 1.21 % Cu.”
Rock-chip assays confirm high-grade copper-gold mineralization, with previously un-identified silver potential 3km north of the Bambino along same geological structure.
Completion of the 300m trenching programme revealed consistent alternation of quartz-limonite stockwork across the central Bambino ridgeline, assay results are expected within the next week.
“Historically exploration has focused on the main Timok porphyry trend and the new potential for camp scale mineralization in sedimentary rocks, adjacent to this trend is now being widely recognized. Furthermore, we are particularly encouraged by the indications of multiple overprinting copper-gold and gold mineralizing events identified at Timok East.” Added Elena
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