Vancouver, BC, Canada, Aug. 17, 2022 (GLOBE NEWSWIRE) — First Tellurium Corp. (CSE: FTEL) (the “Company” or “First Tellurium”), reports that the Company is finalizing upcoming work programs for both its Deer Horn Project in British Columbia and Klondike Project in Colorado. Exploration will focus initially on the Deer Horn Property, with work expected to begin in September.
“Work at Deer Horn will concentrate on the copper porphyry showings detailed in our latest PEA,” said FTEL CEO Tyrone Docherty. “While Deer Horn supports one of the world’s only NI 43-101 qualified tellurium-silver-gold resources, past prospecting has revealed significant potential for copper porphyry mineralization outside of the known resource area.”
Docherty added that, with the world’s increasing focus on green metals, especially with new programs from the United States in support of domestic critical metals production, First Tellurium is strategically positioned to help meet this demand.
“First Tellurium has long been recognized as the leading tellurium-focused junior miner,” said Docherty. “However, with the surging need for copper for electrification, we’re seeing renewed interest in the Deer Horn property’s copper potential.”
Deer Horn’s May 2018 Preliminary Economic Assessment noted that copper showings there may be evidence of a largely hidden porphyry copper systems. Samples collected from this zone produced results as high as 4240 ppm Cu and 6.6 g/t…
