ELECTRUM DISCOVERY CORP. Electrum Discovery Corp. announced results from rock-chip sampling carried across various targets at its Timok East copper-gold project in the Republic of Serbia. The results have confirmed significant strike extensions of the Bambino copper-gold anomaly and identified a potentially over-printing gold system.
The property adjoins Zijin Mining Bor Copper-Gold Mining Complex and is just 4km east from the Veliki Krivelj copper gold porphyry mine. Technical Details: Rock-chip sampling results, confirm high grade copper-gold and gold mineralization in rocks across several structurally offset, hydrothermally altered zones north and south of the central Bambino target, aligning with previously announced surface copper-gold anomalism in soils. Mineralized rocks, typified by quartz-limonite stockwork veining and gossan textures, have now been identified over four distinct ridges, extending 1.5 kilometers along the same geological unit and structure.
Reported rock-chip assay results at Bambino are from 131 rock float and outcrop samples collected during mapping and they confirm significant copper-gold and gold mineralization over 1.5 kilometers strike. Highlight samples include 14.2 g/t gold with low copper and 4.90 g/t gold with 0.51% copper, mineralized samples correlate with robust copper-gold and gold anomalism in soils. Copper-gold and gold only sample assay results indicate two potentially overlapping mineralizing systems at Bambino.
The gold only-phase identified at Bambino is potentially linked to an additional 1 kilometer long gold anomaly in soils, that runs parallel to Bambino and has not yet been correlated with rock samples due to extensive surface cover. In total, 112 samples were taken across the central Bambino target, 77 samples returned copper grades from 0.1% to 5.75%, 11 samples returned gold grades over 0.1 g/t ranging to 14.2 g/t. This sampling provides important grade vectors for drill targeting across the northern and southern portions of central Bambino not covered by trenching. In total 10 samples were taken from the Bambino 1 & 2 Targets.
These targets are located directly NNW from central Bambino, offset by an E-W striking inferred fault. Five samples were taken from rock float with hydrothermal alteration, stockwork and gossan textures, from a NNW striking 150 meter long zone. These samples returned gold grades ranging from 0.51 4.93 g/t Au, copper grades from 0.42 1.12 % Cu and silver grades from 9 71 g/t Ag.
Six rock chip samples were taken across the Bambino 3 & 4 Targets to the SSE of Central Bambino. Two samples returned significant assay results, returning 0.30 % Cu from one sample at Bambino 3 and 0.53% Cu, 0.27 g/t Au and 30 g/t Ag from one sample at Bambino 4. The grade and mineralization style is consistent with central Bambino and Bambino 1 & 2 Targets. The style of mineralization observed at the Bambino 1, 2, 3 & 4 Targets is similar in style to that found across the top of the central Bambino ridge and interpreted to be direct strike extensions of the same system, significantly increasing the known mineralized footprint of Bambino to the north and south.
The elevated correlating copper, gold and silver grades of the new targets is in-line with the more distal part of a mineralizing system in a classic porphyry copper-gold model. Follow-up more detailed mapping and additional sampling will aim to further define the extent of mineralization across these targets and investigate the structural off-sets and genetic links with central Bambino. In addition to the sampling at Bambino, three rock-chip samples were taken from Gossan altered rocks with secondary copper minerals from the Northern Anomaly.
Rock-chip assays returned between 10 - 205 g/t silver, 1.12 - 2.14% copper, and 0.15 - 0.87 g/t gold, confirming high-grade copper-gold mineralization, with previously un-identified silver potential 3 kilometers north of Bambino along same geological structure. Over 1.3 kilometers of on-structure strike remains un-explored between Bambino and the Northern Anomaly. Sample Collection, QA/QC, Preparation and Analysis: Rock and soil sample locations were recorded using a Garmin handheld GPS with a nominal accuracy of 3 meters, and the location was then photographed with the labelled sample.
Samples will be analyzed using a combination of four-acid digest with an AAS finish for copper and 50g fire assay with an AAS finish for gold analysis. Samples were submitted in batches of 40, made up of 38 samples, one CRM, and one blank. All batches passed QAQC Samples were be prepared and analyzed at SGS Serbia & Bulgaria.
