Hertica Diamond Drilling Commences

Western Tethyan Resources commences drilling at Hertica Epithermal-Porphyry Project in Kosovo October 18, 2023 Western Tethyan Resources Ltd (the “Company” or “WTR”) is pleased to announce that it has started its first ever diamond drilling program at the Hertica Magmatic-Hydrothermal Project in Kosovo. The program includes a total of five holes, when taken aggregately, will cover a depth of approximately 3,200 meters using diamond drilling techniques, with the objective of testing targets generated through the exploration programs conducted in 2022 and 2023.

  • Untested large alteration system spanning over approximately 8 square kilometers, with Advanced Argillic alteration covering an area of approximately 4 square kilometers.
  • A total of 3200 meters of Dimond Drilling in 5 holes is planned over approximately 4 months.
  • Drilling to focus on the two main anomalies delineated by geology, geochemistry, and geophysics.
  • The exploration program will be funded through “Newmont Alliance” funds*.
    *The term “Newmont Alliance” signifies the $2.5 million funding provided by Newmont Corporation, as outlined in the agreements between Western Tethyan Resources, Newmont Ventures Limited and Ariana Resources, plc in the press release dated March 24, 2022. Newmont Ventures Limited holds the right to designate the project in terms of the agreement referred to above. Mentor Demi, Managing Director of Western Tethyan Resources stated that “This represents a significant development in the WTR / Newmont/ AAU relationship with the Alliance funding of this drilling program on this exciting potential project. While the initial surface exploration within the licence area is promising for an epithermal alteration system, our aim with the deep drilling program is to test the existence of the porphyritic system at deeper levels. We expect to finish the program by the end of the year and release the results when available”.