Electrum Discovery Corp. (TSX: VELY | FRA: R8N | OTC: ELDCF) has announced the results of geological mapping and is commencing trenching at its Timok East copper-gold project in the Republic of Serbia. The project adjoins the Zijin’s Bor copper-gold mining complex. Exploration in the region has recently increased significantly due to new investment and expansion of the +1Bt mine, and several new discoveries in the district.
Geological mapping and rock chip sampling completed by Electrum’s geology team has revealed zones of hydrothermally altered intrusive rocks with significant stockwork veining over a 1.5km NNW striking corridor. These altered intrusive units are strongly associated with surface copper anomalies identified in soils, with an increasing density of stockwork veining corresponding to the highest-grade copper anomalies at Bambino.
Alteration assemblages vary within these units, ranging from argillic-altered felsic intrusive rocks to zones that have undergone complete textural destruction, characterized by silica recrystallization and iron-oxide gossan material with boxwork textures. These are elements that may be associated with porphyry copper styles of mineralization.
In total, 139 rock chip samples were collected during the mapping phase, the samples will provide Electrum with critical understanding of the copper and gold grade distribution across the central Bambino target and test the grade of new occurrences to the north and south.
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