Tethyan Resources has announced that it has closed the acquisition of all of the issued and outstanding share capital of Serbian company Taor.
Tethyan Resources (TSXV:TETH) has announced that it has closed the acquisition of all of the issued and outstanding share capital of Serbian company Taor.
Additionally, the company has commenced an initial 1,000 m drill programme at the priority Kizevak zinc-lead-silver brownfield target, and announces the results of soil sampling on the newly acquired exploration licenses.
As highlighted in the press release:
- The acquisition of Taor’s exploration licenses, located adjacent to Tethyan’s Suva Ruda project, increases Tethyan’s landholding to a total of 443 km2 in Southwest Serbia and Northern Kosovo.
- The exploration licenses are located in the northern part of the Trepca mining district. ‘Trepca’ was the largest lead-zinc-silver mining complex in Yugoslavia during the 1970s and remains prospective for lead-zinc-silver discoveries as well as porphyry copper-gold mineralization such as at Tethyan’s Rudnica porphyry project
- The 1,000 m drilling programme is targeting zinc-lead-silver mineralization identified by historical exploration and along strike from the inactive Kizevak open-pit mine, which is currently held by a third party.