Tethyan Resources has announced that the company’s 95 percent-owned Kosovo subsidiary, Kosovo Resources Company, has been granted a new exploration licence named Bistrice.
Tethyan Resources (TSXV:TETH) has announced that the company’s 95 percent-owned Kosovo subsidiary, Kosovo Resources Company, has been granted a new exploration licence named Bistrice, totalling 75 square kilometres and situated in the northwestern part of the Trepca lead-zinc mining district in Kosovo.
According to the company the Bistrice license is located 5km southwest of the active lead-zinc mine, Belo Brdo, and is also adjacent to a Tethyan operated mine in Serbia.
As quoted in the press release:
Tethyan intends to conduct stream sediment and soil sampling over the entire licence to generate targets, as well as 1:2000 scale detailed mapping of the alteration zone as shown on regional historic maps and adjacent lead-zinc mineral occurrence.
President and chief executive officer of Tethyan, Fabian Baker said:
“We are very pleased to add to our land position in Kosovo and further consolidate the northern ‘Trepca’ lead-zinc mining district where Tethyan has focused its recent exploration efforts. As we have begun to demonstrate, the district hosts multiple opportunities for copper-gold porphyry deposits, such as Tethyan’s Rudnica porphyry, and lead-zinc-silver vein-type mineral deposits, such as those Tethyan is acquiring via the pending acquisition of Serbian company Taor d.o.o. We look forward to getting our geologists on the ground in Kosovo to commence exploration in an effort to define drill targets.”