PriceSensitive

Recent geographical survey results are good news for First Tellurium Corp. (CSE:FTEL)

Mining
CSE:FTEL
20 June 2022 10:15 (EDT)

Source: First Tellurium Corp.

Surge Copper (TSX:SURG) has reported positive results from a recent geophysical survey at its Ootsa Project.

The survey results could spell good news for First Tellurium Corp.’s (FTEL) nearby Deer Horn Property, located 40 kilometres north in west-central British Columbia.

First Tellurium’s President and CEO, Tyrone Docherty, stated that while the Deer Horn Property remains a premier tellurium project, the property’s copper porphyry potential could provide greater value.

“While we weren’t looking for copper originally, the significant showings have proved to be a fascinating and fortunate bonus for future exploration. Deer Horn covers over fifty-one square kilometres, and our copper porphyry exploration remains in the preliminary stages.”

The Deer Horn Property is First Tellurium’s flagship polymetallic project. It contains porphyry-type copper and tungsten along with one of the world’s only NI 43-101 resource estimates of tellurium, gold, and silver.

First Tellurium Corp. is a Canadian-based exploration company engaged in developing a tellurium-silver-gold mine at the Deer Horn Property in British Columbia, as well as other mineralized zones that contain tungsten, copper, bismuth, lead, zinc, and molybdenum. 

First, Tellurium Corp. (FTEL) opened trading at $0.145 per share.

Related News