Electrum Discovery Corp. Releases 3D-inversion of Magnetic Data and Summer Fieldwork Plans for its Timok East Project, Serbia
(TheNewswire)
Vancouver, Canada, July 2,
2025 – TheNewswire -
Electrum Discovery
Corp. ("Electrum" and/or
the "Company") (TSX-V:ELY | FRA:R8N |
OTC:ELDCF) is pleased to announce the results of
3D inversion modelling of ground magnetic data and to outline upcoming
fieldwork plans at its Timok East Project ("Timok
East" and/or the "Project") in
eastern Serbia.
Highlights:
3D inversion of ground magnetic data suggestscontinuity at depth to previously identified Western Mag, LimestoneContact, and Bambino Trend targets.
Recent field work discovered the outcropping of Phase 1andesitic volcanics, at the Western Mag target, a geological unitknown to host copper-gold systems in the Timok region.
A prominent NNW- trending corridor of elevated magneticsusceptibility extends Bambino target over 7 kilometers
Along the contact between Jurassic limestone andPalaeozoic sediments, an ENE-trending magnetic anomaly is beingselected for further work as a target prospective for skarn andcarbonate replacement mineralization.
Follow-up mapping and soil sampling underway to furthertest three primary targets.
“The 3D inversion results have
provided an important new dimension to our geophysical understanding
at Timok East,” said Dr. Elena Clarici, CEO of
Electrum Discovery Corp. “The continuity of magnetic features with depth, and particularly
along the Bambino Trend and Western Mag target, enhances their
significance. With our soil sampling and geological mapping programs
now underway, we are moving to convert these compelling geophysical
anomalies into well-constrained drilling targets.”
Electrum has received results from 3D inversion
modelling of its high-resolution ground magnetic survey at Timok East.
Modelling was carried out by Terra Scout Ltd. (Sofia, Bulgaria) an
experienced provider of ground magnetic data acquisition and
modelling.
The model suggests multiple vertically extensive
magnetic zones with elevated magnetic susceptibility values
potentially caused by magnetite-bearing intrusions or skarn-style
alteration. Key observations at each target include:
Bambino Trend
Along the Bambino Trend, the 3D inversion model
highlights a prominent 7.5-kilometer NNW-trending corridor of elevated
magnetic susceptibility extending from surface
to depths exceeding 1 kilometre. This anomaly coincides with copper,
gold, and silver anomalies in surface rock chip samples and
copper-in-soil anomalism at both the Bambino prospect and the Northern
Skarn target (Figure 1 & 2).
A soil sampling grid (~180 samples) is planned to test
the northern portion of the corridor, where magnetic intensity is
strongest, for signatures of underlying mineralization (Figure 1 &
3).
Western Mag Target
The Western Mag target is defined by a large,
vertically continuous magnetic high along a major NNW-trending
structural corridor. Fieldwork has confirmed the anomaly is spatially
associated with outcrops of Phase 1 andesitic volcanics, a lithology
well known to host copper-gold systems elsewhere in the Timok region
(Figure 1 & 2).
The anomaly extends south beneath Neogene cover,
indicating potential for concealed targets.
Analysis results are awaited for a soil grid of 225
samples that has been collected to assess geochemical indicators for
porphyry-style mineralization at the Western Mag target (Figure
3).
Limestone-Boundary Target
At the Limestone-Boundary target, an WNW-trending
magnetic anomaly has been identified along the boundary between
non-magnetic to weakly magnetic Jurassic limestone and Palaeozoic
sediments. This boundary is considered prospective for skarn and
carbonate replacement ("CRD") mineralization.
The modelled anomaly dips west towards the Timok
Magmatic Complex, displays moderate magnetic susceptibility and
continuity to depths of approximately 850 metres, and may indicate
localised magnetite enrichment potentially linked to unmapped
intrusive dykes or to hydrothermally sourced magnetite enrichment
(Figure 1 & 2).
A soil grid (~140 samples) along with scout geological
mapping is planned to investigate the cause of the magnetic anomaly
and identify geochemical signatures that may indicate the presence of
hydrothermal mineralization associated with this boundary (Figure
3).
Summer 2025 Exploration Plan
Soil sampling, field mapping, and prospecting across
defined target areas to identify geochemical anomalies and identify
geochemical signatures that may indicate underlying
mineralization.
Deeper geophysical surveys (e.g., CSAMT, HIRIP, or AMT)
over soil-defined targets to generate resistivity models of the
subsurface to guide drill targeting.
Ground magnetic survey at the northern part of the
Timok East Project, i.e. the Bukova Glava permit, to delineate
prospective intrusives and support ongoing field mapping and target
definition.
Click Image To View Full SizeFigure 1: Expanded slices through the 3Dinversion model of ground magnetic data with 1:100,000-scale geologyand geochemical data superimposed (soil results from NewsReleases 30th October 2024, and April
16th 2025). Oblique view to theWNW.
Click Image To View Full SizeFigure 2: Zones ofhigher magnetic susceptibility from the 3D inversion of groundmagnetic data, with 100k geology surface wireframe and geochemistryoverlain (rock and soil results from News Releases 30th October 2024, and April
16th 2025). Oblique view to theNNW.
Click Image To View Full SizeFigure 3: RTP TotalMagnetic Intensity – Analytical Signal map of Timok East withCopper-in-soil and rock chip anomalies, showing Bambino Trend, WesternMag, and Limestone Contact target (EPSG:32634) planned soil grids andcollected samples pending assay are also displayed (soil results fromNews Releases 30th October 2024, and April
16th 2025).
Qualified Person
The scientific and technical contents of this newsrelease have been reviewed and approved by Mr. Thomas Sant BSc, FGS,CGeol, EurGeol. Mr. Sant is a non-independent Qualified Person asdefined by NI 43-101 and the VP, Operations, of the Company.
About Electrum Discovery Corp.
Electrum Discovery Corp. is an emerging mineralexploration and development company focused on the prolific WesternTethyan Belt with two main projects spanning 645 square kilometers ofprospective exploration ground in the Republic of Serbia.
Timok East extends over 123 square kilometers across the Timokcopper-gold region and includes multiplecopper-gold targets and mineralized trends and is located less thanfive kilometers from the Bor Mining Complex.
Novo Tlamino,located in the south-east of the Republic of Serbia, covers 522 squarekilometers and includes an inferred mineral resource estimate of670,000oz AuEq (7,100,000t at 2.9 g/t AuEq average grade), PEA(January 7, 2021)1
Electrum Discovery is looking to maximize the value ofour mineral projects for all stakeholders including our shareholders,the local community and government. We have an open-door policy andencourage all stakeholders to contact us through our website. We havea strong environmental and ethics policy to complete all our work inline with regulations in an open and transparent process. Our projectsare at an early stage, and we plan to continue our consultation withall stakeholders in a climate of mutual respect, while fosteringsustainability, governance, and knowledge transfer in theregion.
Additional information on Electrum can be found byreviewing the Company's page on SEDAR+at www.sedarplus.ca.
For more information contact:
Dr Elena Clarici, Chief Executive Officer andDirector
T: +1 604 801 5432 | E: elena@electrumdiscovery.com | W: electrumdiscovery.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news releaseconstitute “forward-looking information” within the meaning ofCanadian securities legislation. All statements included herein, otherthan statements of historical fact, are forward-looking information.Such statements include Company’s expected achievement of specifiedmilestones, results of operations, and expected financial results ofthe Company. Often, but not always, this forward-looking informationcan be identified by the use of words such as "estimate","estimates", "estimated", "potential","open", "future", "assumed","projected", "used", "detailed","has been", "gain", "upgraded","offset", "limited","contained", "reflecting","containing", "remaining", "to be","periodically", or statements that events, "could"or "should" occur or be achieved and similar expressions,including negative variations.
Forward-looking information involves known and unknownrisks, uncertainties and other factors which may cause the actualresults, performance or achievements of Electrum, to be materiallydifferent from any results, performance or achievements expressed orimplied by forward-looking information. Such uncertainties and factorsinclude, among others, uncertainties inherent in the PEA andexploration results and the estimation of mineral resources; risksrelated to the failure to obtain adequate financing on a timely basisand on acceptable terms; changes in general economic conditions andfinancial markets; risks associated with the results of explorationand development activities, and the geology, grade and continuity ofmineral deposits; unanticipated costs and expenses; and such otherrisks detailed from time to time in Electrum's quarterly and annualfilings with securities regulators and available under Electrum'sprofile on SEDAR+ at www.sedarplus.ca. Rock chipsand surface results are early stage and there is no assurance thatfuture exploration will find mineralization of further interest.Although Electrum has attempted to identify important factors thatcould cause actual actions, events or results to differ materiallyfrom those described in forward-looking information, there may beother factors that cause actions, events or results to differ fromthose anticipated, estimated or intended.
Forward-looking information contained herein is basedon the assumptions, beliefs, expectations and opinions of management.Forward-looking information has been made as of the date hereof andElectrum disclaims any obligation to update any forward-lookinginformation, whether as a result of new information, future events orresults or otherwise, except as required by law. There can be noassurance that forward-looking information will prove to be accurate,as actual results and future events could differ materially from thoseanticipated in such information. Accordingly, investors should notplace undue reliance on forward-looking information.
1 Preliminary Economic Assessment and NI43-101 Technical Reportfor the Medgold Tlamino Project, January 7, 2021, www.sedarplus.ca.The effective date of the resource estimate is January 7, 2021. Authors of the Reports are: Mr. Richard Siddle, MAIG, of AddisonMining Services Ltd for Mineral Resources; Dr. Matthew Randall, FIMMM,of Axe Valley Mining Consultants Ltd for Mining; Mr. Ian Jackson,FIMMM, of Bara Consulting for Mineral Processing, and Dr. AndrewBamber, MCIM, of Bara Consulting Ltd for Economic Analysis.
The PEA is preliminary in nature, and itincludes inferred mineral resources that are considered toospeculative geologically to have the economic considerations appliedto them that would enable them to be characterized as mineralreserves, and there is no certainty that the PEA will berealised.
Copyright (c) 2025 TheNewswire - All rights reserved.
