Business
Canadian Remote Drilling to Manage 2023 Drill Campaign at First Tellurium’s Deer Horn Project
Vancouver, BC, March 08, 2023 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) (the “Company” or “First Tellurium”), reports that, further to t
About this update from First Tellurium Corp
[{"type":"text","content":" Vancouver, BC, March 08, 2023 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) (the “Company” or “First Tellurium”), reports that, further to the Company’s February 14 announcement regarding purchase of a dedicated drill for the Deer Horn tellurium-silver-gold project in British Columbia, the drill manufacturer (Canadian Recon Manufacturing), through its sister company Canadian Remote Drilling, will provide crews to conduct the drill campaign. “Our people are well-trained for the requirements of these specialized drills,” said Canadian Remote Drilling owner Phil McLean. “We’ve used them in geology, terrain and conditions very much like what we’ll encounter at Deer Horn, and I’m excited to deliver value for First Tellurium in their upcoming campaign.” “Canadian Remote Drilling is well-known in the industry, and their reputation is stellar,” said First Tellurium President and CEO Tyrone Docherty. “Based on Phil McLean’s enthusiastic endorsement of the Deer Horn property, the Alaskan company that sold us the drill took shares for payment. They’re eager to participate in our success, and we welcome them as shareholders.” Docherty added that First Tellurium is considering acquiring a second drill dedicated to the Deer Horn project for 2024. “Based on the expanding exploration plans now under consideration, we know that a second drill would make a lot of sense, both economically and logistically. Having two drills on site would give us enormous flexibility and save us a significant amount of money in the long run.” Exploration in 2023 will focus on testing new targets identified during the 2022 season, as well as pre-existing drill targets identified in the 2018 Preliminary Economic Assessment. About 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 Klondike tellurium-gold property in Colorado and polymetallic Deer Horn Project in British Columbia 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. Firs...