- First Tellurium Corp.’s (FTEL) assays unanimously confirm the presence of high-grade tellurium at the Klondike Project in Colorado
- Moderate to high-grade gold and silver, as well as copper, lead, and zinc were also found
- Klondike is a high-grade tellurium prospect previously held by First Solar Inc.
- Samples were collected from an identified area with mineralized surface exposures
- First Tellurium Corp. (FTEL) is up 7.69 per cent and is trading at $0.21 per share as of 1:42 p.m. ET
First Tellurium Corp.’s (FTEL) assays unanimously confirm the presence of high-grade tellurium at the Klondike Project in Colorado.
Moderate to high-grade gold and silver, as well as locally strong but variable copper, lead, and zinc were also present.
Klondike is a high-grade tellurium prospect previously held by one of the world’s largest solar panel producers, First Solar Inc.
First Tellurium CEO, Tyrone Docherty, commented,
“We knew from First Solar’s work that Klondike was a prime tellurium property… These results provide a solid launch point for further exploration in 2022.”
The new samples were collected within a previously identified core area of historic mining and strongly mineralized surface exposures.
The area is also within a large anomaly identified in a 2010 survey. The anomaly is elongated northwest-southeast, and open to the southeast.
John Keller, First Tellurium’s field project manager at Klondike, stated,
“This area is considered a prime target for future exploration drilling… The area of hydrothermal alteration and anomalous Te, Au, and Ag geochemistry covers a much larger expanse.”
The purpose of the limited sampling program expected this high-grade tellurium and other metals as they were indicated by previous substantial surface sampling at the property from 2006 to 2011.
Several samples collected over that time showed tellurium levels over 1.00 per cent, including two samples from the area of an old ore loadout bin which assayed over 3.00 per cent tellurium.
First Tellurium Corp. (FTEL) is up 7.69 per cent and is trading at $0.21 per share as of 1:42 p.m. ET.