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Electrum Discovery ( (TSE:ELY) ) has shared an update.
Electrum Discovery Corp. has announced the results of an Audio-Magnetotelluric geophysical survey conducted at its Timok East copper-gold project in Serbia. The survey revealed a large-scale conductive body, indicating potential mineralization linked to the Timok Magmatic Complex. This finding, coupled with preliminary geological observations from the ongoing drilling program, suggests the presence of a deeper primary hydrothermal system. The results bolster Electrum’s confidence in the region’s potential for significant copper and gold discoveries, as the company plans further surveys and studies to refine exploration targets.
More about Electrum Discovery
Electrum Discovery Corp., based in Vancouver, Canada, operates in the mining industry, focusing on the exploration and development of copper and gold projects. The company is particularly engaged in the Timok East project located in Serbia, where it aims to explore significant mineralization opportunities.
YTD Price Performance: -17.86%
Average Trading Volume: 257,646
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$10.45M
See more data about ELY stock on TipRanks’ Stock Analysis page.
