Why the Global Economy Deems Copper Porphyry as One of the World's Most Valuable Deposit Types
First Tellurium Corp. (CSE: FTEL) (OTCPK: GODYF) BREAKING NEWS - Regional Exploration Success Highlights Copper Porphyry Potential at First Tellurium's Deer Horn Property - First Tellurium Corp. (the "Company" or "First Tellurium") reports that recent geophysical survey results from Surge Copper's Ootsa Project, located 40 kilometers north of First Tellurium's Deer Horn Property in west-central British Columbia, continue to reinforce the potential for this district to host significant multiple copper porphyry deposits. Leif Nilsson, Surge Copper's CEO, commented that, "…this district has significant untapped exploration potential and could one day be among the largest copper districts in Canada."
The Deer Horn Property, First Tellurium's flagship polymetallic project, contains porphyry-type copper and tungsten along with one of the world's only NI 43-101 resource of tellurium, gold and silver. The property was recognized by First Solar Inc. as one of the world's top primary tellurium prospects. Past exploration at Deer Horn, as reported in the Company's 2018 Preliminary Economic Assessment (PEA), encountered several copper porphyry-type showings in addition to the known Te-Au-Ag resource.
The PEA noted: "The Pond and H-Spot showings are discoveries of bulk tonnage, porphyry-style copper+/-silver mineralization and associated alteration. Their broad distribution may be evidence of a largely hidden porphyry copper system. A second area of anomalous porphyry-related copper-gold mineralization occurs on a ridge crest 1.8 km northwest of Kenney Lake."
First Tellurium's Tyrone Docherty stated, "While the Deer Horn Property remains a premier tellurium project, the property's copper porphyry potential could ultimately provide greater value. While we weren't looking for copper originally, the significant showings have proved to be a very exciting and fortunate bonus for future exploration. Deer Horn covers over fifty-one square kilometers, and our copper porphyry exploration remains in the very preliminary stages."
Deer Horn's copper porphyry potential will be explored further in upcoming work programs at the property.
In a 2021 report, Goldman Sachs declared copper as "the new oil." Copper will drive, and will be essential to, the emerging green economy and development of electric vehicles. Within ten years, noted Goldman Sachs, copper demand for electric vehicles and battery metal products may increase by 900%.
Added Docherty, "The exciting results from Surge Copper's work at Ootsa, located in the same district as Deer Horn and the Huckleberry Mine, support our premise that this region is emerging as one of Canada's top districts for copper porphyry exploration." CONTINUED… Read this full release for First Tellurium Corp.at: https://firsttellurium.com/news-media/news
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Surge Copper Corp. (OTCQX: SRGXF) (TSXV: SURG) recently announced the completion of a district-wide airborne geophysical survey and related inversion modeling results carried out across the combined Ootsa and Berg Properties located in central British Columbia. The Z-axis Tipper Electromagnetic ("ZTEM") survey has imaged the electrical conductivity signature of the known deposits in the district and has produced numerous comparable signatures in several regions within the district, underscoring the Company's view that the district hosts a large porphyry cluster with significant exploration potential. The Company is well advanced on data compilation and interpretation to refine targeting within the regional exploration pipeline for advancement and drill testing during the 2022 exploration program.
Leif Nilsson, Chief Executive Officer, commented: "The completion of geophysical inversion modeling of this district-scale ZTEM dataset is an important milestone in Surge's strategy. One aspect of our thesis is that this district has significant untapped exploration potential and could one day be among the largest copper districts in Canada. Investing in such a survey that essentially provides highly-useful petrophysical data within the entire explorable volume of such a large and prospective district will prove very valuable to the Company as we begin to embark on focused regional exploration activities in the coming field season."
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