Tethyan Resources building a strong pipeline of projects
Fabian Baker, chief operating officer for Tethyan Resources PLC (LON:TETH)(CVE:TETH) tells Proactive they're looking to release the results of substantial geophysical surveys at their Suva Ruda and Gokcanica projects in Serbia in the coming weeks.
Tethyan holds an option over the Suva Ruda project under the terms of which it can take 100% ownership via a €6 mln payment that can be made at any time with in an eight year period.
Suva Rudia covers an 87 square kilometre area and lies approximately 240 kilometres south of Belgrade.
The Gokcanica project covers 110 square kilometres in southern Serbia, five kilometres to the north of the town of Josaniska Banja.