First Tellurium Reviews 2022 Exploration at Deer Horn

First Tellurium Reviews 2022 Exploration at Deer Horn

First Tellurium Corp. (CSE: FTEL OTC FSTTF ) (the "Company" or "First Tellurium"), has provided a review of its 2022 exploration program at the Company's Deer Horn polymetallic project in west-central British Columbia. Work for the season included rock sampling, channel sampling and prospecting focused primarily on the property's copper porphyry potential. Assays from the sampling programs are pending.

Image galleries from the first round of work can be viewed here , and from the channel sampling here .

Adding a Structural Geologist to Planned 2023 Program
Based on the findings from the 2022 sampling, Dr. Lee Groat, who directed the program, plans to add a structural geologist to the 2023 team to help understand the faulting, folding and other mechanisms at Deer Horn to help determine the property's geologic structure and the location of mineralization.

"This is all part of the teasing out of the history of the deposit," said Dr. Groat. "There's so much we don't know, because so much truly interesting ground has never been studied in depth. My belief is that this information will open up more targets while answering some of the key questions we have."

Planned Financing
The 2023 program will be funded by a planned private placement of up to $1.4 million. Mr. Docherty plans to personally provide a significant amount of the total financing.

"Since we first acquired the Deer Horn Property, I have solidly backed up my belief in the quality of this project," said First Tellurium President and CEO Tyrone Docherty. "Not only am I the company's largest shareholder, the discoveries made this summer and fall, combined with the enthusiasm shown by Dr. Groat and even the driller who investigated the project with our team, have given me even more conviction that this is bigger and better than we imagined."

Property-Wide Soil Sampling by UBC Team in 2023
Part of the planned 2023 program includes a property-wide soil sampling program led by Dr. Groat and a team of University of British Columbia grad students. Due to receding glaciers, a significant amount of ground is now open that has never been explored.

Confirmation of Copper Porphyry Mineralization
Key results from the 2022 program, which began in August and concluded in October, included confirmation of copper porphyry mineralization, discovery of new targets, identification of drill hole locations for a planned 2023 drill campaign and possible extensions to the known tellurium-gold-silver resource and strike length.

"The sampling team, led by Dr. Lee Groat, came back thrilled with what they found at Deer Horn," said First Tellurium President and CEO Tyrone Docherty. "Not only have we confirmed the presence of copper porphyry mineralization, we have an abundance of good information and exciting targets to launch our 2023 season."

The campaign focused on sampling the Pond, North Pond and H-Spot copper porphyry targets first identified in the 2018 Preliminary Economic Assessment. The showings are located about one kilometer west-northwest of the known Te-Ag-Au resource. Full extent of showings remains unknown and open.

Outcropping Quartz Veins and Possible Extension of Te -Au-Ag Vein System
Secondarily, sampling on a number of outcropping quartz veins in the area around the porphyry targets identified a possible 1.1-kilometer (.7 miles) extension of the existing 2.4-kilometer (1.5 miles) gold-silver-tellurium vein system. This vein system may now extend a total of 3.5 kilometers (2.2 miles). Drilling in 2023 is expected to test this target at depth.

As Dr. Groat noted in First Tellurium's October 19 news release : "The bigger puzzle we want to solve is the age relationship between the gold-silver-tellurium veins and the porphyry mineralization. This would go a long way to understanding the magnitude of our discoveries so far. I'm really looking forward to putting some of the pieces of this very interesting puzzle together."

Industry-Wide Shift to Copper and Battery Metals
Due to the rapidly-growing need for metals used in batteries and electrical transmission, First Tellurium's copper investigation at Deer Horn echoes an industry-wide trend towards copper and other critical metals. Teck Resources recently announced it was selling its stake the Fort Hills oilsands operation to focus more of its capital on copper. Teck is building the QB2 Mine in Chile, which is expected to produce around 300,000 tonnes of copper in its first five years.

FTEL Strategic Partner Developing New Battery with Tellurium
The increasing importance of battery metals, including copper and tellurium, represent a key element of First Tellurium's growth strategy. The Company's Strategic Partner Fenix Advanced Materials of Trail BC is working with UBC Okanagan's Advanced Materials for Energy Storage Lab to create a lithium-battery that is smaller and more powerful than what's currently available. This collaboration is part of a $2-million initiative between Fenix, Mitacs and UBC Okanagan. Mitacs is a nonprofit national research organization that, in partnerships with Canadian academia, private industry and government, operates research and training programs in fields related to industrial and social innovation.

FTEL's New Website, Presentation and Video
We're excited to announce the launch of our new website , where you'll find information about our company and properties. In addition, we have also released a new animated pitch deck, which you can find here . This presentation provides an overview of our business and future opportunities. Finally, we have also released a new explainer video, which you can find here . This video dives into the details of our properties and how they can benefit First Tellurium Investors.

Ab out First Tellurium Corp.
First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.

Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.



On behalf of the board of directors of
First Tellurium Corp.



"Tyrone Docherty"
Tyrone Docherty
President and CEO


For further information please contact:

Tyrone Docherty
604.789.5653
tyrone@firsttellurium.com

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event .


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

FTEL:CNX
The Conversation (0)
First Tellurium Completes Soil Sampling Program at Klondike Project in Colorado

First Tellurium Completes Soil Sampling Program at Klondike Project in Colorado

First Tellurium Corp. (CSE: FTEL OTC FSTTF ) (the "Company" or "First Tellurium"), is pleased to report that its US-based team of geologists has completed soil sampling at the Company's Klondike tellurium-gold project in south-central Colorado. Data and interpretations from this program will inform a Phase 1 drilling program at Klondike planned for 2023, helping to better formulate drillhole targeting and permitting drill sites.

A total of 343 soil samples were collected over nine days on a grid measuring 1 kilometer x 1 kilometer, with variable sample spacing of 30 to 60 meters east-west and 60 meters north-south. The original grid plan and budget (as announced in the FTEL   news   release of October 13, 2022) called for 550 samples. The number of samples needed to complete the program's goals was reduced by eliminating samples from areas of transported alluvial deposits, areas of excessively steep terrain with rock talus/scree and little or no soil and eliminating a few peripheral grid lines in areas of lower priority as determined by the geological team on site. All samples will be shipped to ALS Geochemistry for trace-level analysis of 51 elements, including tellurium and gold. Results are expected to be received by mid-to late December.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
First Tellurium Reports on Recent Channel Sampling at Deer Horn

First Tellurium Reports on Recent Channel Sampling at Deer Horn

First Tellurium Corp. (CSE: FTEL OTC FSTTF ) (the "Company" or "First Tellurium"), reports that channel and rock sampling conducted Oct 5-7 at the Company's Deer Horn Property in west-central British Columbia has confirmed the presence of porphyry mineralization while encountering new mineralization in areas not previously sampled. Channel samples were taken from the Pond and H-Spot porphyry targets. The samples compliment rock samples obtained from the North Pond porphyry target and other mineral showings in August and September. Pictures from the sampling program can be viewed here .

"Even with assays still pending, this was a successful and positive sampling effort by just about any measure," said First Tellurium Chairman and geologist Tony Fogarassy, who participated in the sampling. "Not only did we confirm porphyry mineralization at the Pond, North Pond and H-Spot zones, we discovered a possible 1.1-kilometer (.7 miles) extension of the existing 2.4-kilometer (1.5 miles) gold-silver-tellurium vein system. This vein system may now extend a total of 3.5 kilometers (2.2 miles)."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
First Tellurium Announces Non-Brokered Private Placement

First Tellurium Announces Non-Brokered Private Placement

THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

First Tellurium Corp. (CSE: FTEL) (the "Company" or "First Tellurium"), announces a non-brokered private placement (the "Offering") to raise up to $1,400,000 through the sale of up to 10,000,000 flow-through shares (the "Flow-Through Shares") and up to $700,000 through the sale of up to 7,000,000 units (the "Units"). Each Unit will consist of one non-flow-through common share and one common share purchase warrant exercisable at $0.15 for a period of two years following the close of the offering.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
First Tellurium Launches Soil Sampling Program at Klondike Project in Colorado

First Tellurium Launches Soil Sampling Program at Klondike Project in Colorado

First Tellurium Corp. (CSE: FTEL OTC FSTTF ) (the "Company" or "First Tellurium"), reports it has launched a soil sampling program at its Klondike tellurium-gold project in Saguache County, south-central Colorado. This work is designed to provide further guidance for a subsequent diamond drilling program, as announced August 17, 2022.

The sampling follows up on previous work conducted by First Solar Inc., when the property was being explored to supply tellurium for First Solar's cadmium-telluride solar panels.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
First Tellurium Conducts Channel Sampling on Multiple Copper Targets at Deer Horn

First Tellurium Conducts Channel Sampling on Multiple Copper Targets at Deer Horn

First Tellurium Corp. (CSE: FTEL OTC FSTTF ) (the "Company" or "First Tellurium"), reports that channel sampling is underway at the Company's Deer Horn Property in west-central British Columbia, following up on rock sampling at the Pond and H Spot showings in August and September which encountered widespread porphyry-style mineralization (assays pending). The team will also conduct channel sampling on a third zone of porphyry-style mineralization northeast of the Pond and H Spot zones. This target was first identified in 2012 and never explored. In addition, a prominent quartz vein outcrop at least three meters wide, discovered in September, will be sampled and measured.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Eric Sprott Announces Changes to His Holdings in Freegold Ventures Limited

Eric Sprott Announces Changes to His Holdings in Freegold Ventures Limited

Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 770,000 common shares (Shares) of Freegold Ventures Limited., over the Toronto Stock Exchange (representing approximately 0.2% of the outstanding shares on non-diluted basis) at an average price of approximately $0.53 per share for aggregate consideration of approximately $408,100.

The acquired Shares were purchased in reliance on the normal course purchase exemption from the formal take-over bid requirements set out in Section 4.1 of National Instrument 62-104 - Take-Over Bids and Issuer Bids (NI 62-104). Such Shares do not represent more than 5% of the outstanding Shares, and the aggregate number of Shares acquired in reliance on this exemption with any joint actors within the last 12 months does not exceed 5% of the Shares outstanding at the beginning of the 12-month period. The Shares trade on the Toronto Stock Exchange and the value of the consideration paid for

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver North Announces Closing of Final Tranche of Private Placement

Silver North Announces Closing of Final Tranche of Private Placement

(TheNewswire)

Silver North Resources Ltd.

Vancouver, BC, July 18, 2024 TheNewswire Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) " Silver North " or the " Company ") is pleased to announce that it has closed the third and final tranche (the " Final Tranche ") of its non-brokered private placement (the " Offering ") for gross proceeds of $89,000. Further to the Company's news releases dated June 21, 2024 and June 28, 2024, the Company has raised aggregate gross proceeds of $827,380 in the Offering.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canadian Investment Regulatory Organization Trade Resumption - RUA

Canadian Investment Regulatory Organization Trade Resumption - RUA

Trading resumes in:

Company: Rua Gold Inc.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
RUA GOLD Announces C$8 Million Brokered Offering of Common Shares

RUA GOLD Announces C$8 Million Brokered Offering of Common Shares

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States .

Rua Gold Inc. (CSE: RUA) (OTCQB: NZAUF) (WKN: A4010V) (" Rua Gold " or the " Company ") is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as lead agent and on behalf of a syndicate of agents to be formed (collectively, the " Agents "), pursuant to which the Agents have agreed to act as agents on a "best efforts" basis, in connection with the public offering of 44,445,000 common shares in the capital of the Company (each, a " Common Share ") at a price of C$0.18 per Common Share (the " Offering Price ") for aggregate gross proceeds of C$8,000,100 (the " Offering "). The Offering is expected to close on or about July 25, 2024 (the " Closing Date "), or such other date as agreed upon between the Company and the Agents, and is subject to certain conditions including, but not limited to the receipt of all necessary regulatory approvals.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Clarification: Historical Mineral Resource Estimate at Reefton

Clarification: Historical Mineral Resource Estimate at Reefton

Rua Gold Inc. (CSE: RUA) (OTC: NZAUF) (WKN: A4010V) (" Rua Gold " or the " Company ") provides a clarification in relation to its news release of July 15, 2024 (" Rua Gold to acquire Siren Gold's Reefton assets and become the dominant Reefton Goldfield explorer ").

Previously, the Company disclosed that "the tenements owned by [Reefton Resources Pty Limited] hosts a total JORC-compliant inferred mineral resource estimate (at a 1.5 g/t Au cut-off grade) containing 444koz Au @ 3.81g/t Au and 8.7kt Sb @ 1.5% Sb". The Company wishes to clarify that the tenements presently owned by Reefton Resources Pty Limited ("Reefton Resources") do not contain a current mineral resource estimate. The Company intended to disclose the aforementioned "inferred mineral resource estimate" as a "historical estimate" within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). As a result, the Company also wishes to provide additional information and cautionary language required by NI 43-101.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
RUA GOLD to acquire Siren Gold's Reefton assets and become the dominant Reefton Goldfield explorer

RUA GOLD to acquire Siren Gold's Reefton assets and become the dominant Reefton Goldfield explorer

Rua Gold Inc. (CSE: RUA) (OTC: NZAUF) (WKN: A4010V) (" Rua Gold " or the " Company ") is pleased to announce it has entered into a definitive share purchase agreement (the " Agreement "), pursuant to which the Company will acquire 100% of the issued and outstanding shares of Reefton Resources Pty Limited (" Reefton "), a 100% owned subsidiary of Siren Gold Ltd. (ASX:SNG) (" Siren ") with tenements located adjacent to the Company's suite of properties in New Zealand's prolific Reefton Goldfield (the " Transaction ").

The Transaction will establish the Company as the dominant landholder in the Reefton Goldfield on New Zealand's South Island, with approximately 120,000 hectares (" ha ") of tenements. The district produced over two million ounces at gold grades ranging from 9 to 50g/t. The Reefton Goldfield is seeing a resurgence in interest, led by the construction of Federation Mining's Blackwater mine, which is expected to produce 70koz per annum at US$738 /oz AISC 1 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×