Skydive21
6 months ago
Vancouver, BC, Canada, May 30, 2024–TheNewswire – First Tellurium Corp. (CSE:FTEL, OTC:FSTTF), reports it has reached a Memorandum of Understanding ("MOU") with Washington, DC-basedRESOLVE, Inc., a global non-governmental organization (NGO) focused on people and planet solutions, to secure up to approximately US$29 million (CDN$39.5 million) in funding for manufacturing and marketing as well as acquisition of high-purity tellurium, antimony and other critical metals for First Tellurium’s PyroDelta thermoelectric device (reported previously onMay 22,March 21andMarch 13).
"RESOLVE’s mission is to forge sustainable solutions to critical social, health, and environmental challenges by creating innovative partnerships," said First Tellurium’s President and CEO Tyrone Docherty. "This new venture aligns perfectly with that mission."
RESOLVE andPyroDelta Inc., in which First Tellurium currently holds a 75% interest, have formed a partnership called Tellurium Electric to bring the thermoelectric device to market. Under the MOU, RESOLVE will provide governance, administrative, and fundraising support through RESOLVE Enterprises, the organization’s incubator for start-up social enterprises, as well asRegeneration Inc., which re-mines and restores old mine tailings to extract minerals critical for the energy transition and the circular economy. Regeneration is backed by Rio Tinto, Apple, Caterpillar and other partners. A number of Regeneration’s first projects are expected to produce tellurium from copper tailings or as byproduct, which would be used for manufacturing of the PyroDelta device. Additional critical metals would be obtained on the open market.
"This is a huge step forward for us in developing new tellurium-based technologies," said Docherty. RESOLVE is a highly respected NGO, and they provide us with an established and powerful network of relevant policy, political and funding connections, including the US Government, world-leading mining companies and green investors, to help realize the potential of the PyroDelta device."
Manufacturing, marketing and sales of the device have been planned in three stages and funding segments over three years, the first of which is expected to launch near-term with an expected budget of US$1.05 million across approximately 18 months. Phases 2 and 3 are budgeted at US$3.0 million and US$15-25 million respectively.
"I believe the incubation and growth of Tellurium Electric is in the best hands possible," said Docherty. "RESOLVE and its associated partners have the skills, knowledge and networks we’ve been looking for. We will essentially be silent partners, letting RESOLVE do what they do best while we develop our own mineral projects."
Docherty added, "I want to acknowledge the generous support from our Strategic Partner Don Freschi and Fenix Advanced Materials of Trail BC, who donated several kilograms of high-purity tellurium and bismuth to launch the project."
Skydive21
8 months ago
First Tellurium Corp. (CSE: FTEL, OTC: FSTTF), reports that Don Freschi of Fenix Advanced Materials, First Tellurium’s strategic partner for potential future tellurium extraction and purification, recently presented an update on development of Fenix’s solid-state, lithium-tellurium battery. Investors can view a video of Mr. Freschi’s video here.
Fenix is a producer of ultra-high purity metals, achieving purities of up to 99.99999% at its lab and plant in Trail, British Columbia. Metals produced by Fenix include tellurium, antimony, indium and cadmium.
Fenix continues to advance its lithium-tellurium (LiTe) solid-state battery (SSB) developed in partnership with UBC Okanagan (as reported March 2022 and Sep 2022). The Fenix SSB is expected to have a far higher charging capacity, much smaller size, and a battery life up to 400% that of lithium-ion batteries with no chance of catching fire.
“We had to make these batteries safe,” said Freschi in his presentation. “So we started playing around with tellurium, which started working well with a lithium anode. Then we focused on a tellurium-sulfur cathode because tellurium and lithium have the highest theoretical capacity for (electrical) storage. We’re making that system very safe.”
The number of lithium-ion battery-based fires is growing with enormous frequency worldwide. In Toronto, the number of lithium-ion battery fires nearly doubled in 2023, according to Toronto Fire Services. The Wall Street Journal reported on March 17, 2024 that In New York and other cities nationwide, fire departments are increasingly grappling with rapidly burning, toxic blazes ignited or exacerbated by lithium ion-batteries in everything from electric cars, bikes and scooters to cellphones, laptops, power tools and vape pens.
A recent apartment building fire in Harlem, New York that killed a young journalist was caused by a lithium-ion e-bike battery. The New York Times reported that it was the first death in New York City this year to be linked to the batteries, which were blamed for over 250 fires and 18 deaths in 2023.
“This is another key and developing part of the First Tellurium story,” said First Tellurium President and CEO Tyrone Docherty. “We are uniquely positioned amongst junior mining companies, not only because we are focused on tellurium, but also because we are becoming a tellurium-based technology company. In addition to the lithium-battery with Fenix, we are also bringing our tellurium-based thermoelectric generator to market and planning to supply tellurium to the solar industry.”
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.
Skydive21
8 months ago
FIRST TELLURIUM’S NEW THERMOELECTRIC DEVICE DEMONSTRATED AT RECENT PRESENTATION
March 13, 2024
Tyrone Docherty
With robust applications for solar power, combustion engines, greenhouses and more, the device is described as a “game changer” by industry insider.
Vancouver, BC, Canada, March 13, 2024 – First Tellurium Corp. (CSE: FTEL, OTC: FSTTF), reports that investors can view a video of the Company’s recent presentation in Vancouver, which included a demonstration of the new tellurium-based thermoelectric generator developed by First Tellurium’s 51%-owned thermoelectric-focused research and development company PyroDelta Energy (“PyroDelta”). Patents for the device have been applied for in Canada and the United States.
The generator was presented to the gathering by PyroDelta co-founder Michael Abdelmaseh, who demonstrated how the device generated power from simple changes in temperature, producing energy from the heat of human skin as well as from ice. However, the generator’s primary and unique advantages come from its robust construction, low manufacturing costs, light weight and ability to withstand temperature extremes.
“Thermoelectric devices have been around for a very long time,” said Abdelmaseh. “However, none of them are suited for long-term, commercial applications that can tolerate high heat. This device can withstand temperatures of six hundred degrees Celsius.”
“This is a Game Changer”
Don Freschi, President and CEO of Fenix Advanced Materials, an industry expert who supplies metals for other thermoelectric devices, commented to the audience, “This is a game changer. I’ve never seen anything like this.”
Freschi noted that by using ultra high-purity tellurium, the device could achieve exceptional efficiencies. “Using lower purity metals, we could charge an iPhone with a tiny device,” said Freschi. “But going to high purity (99.99999 percent) tellurium, this device could power a few households.”
“The generator uses mainly tellurium,” said First Tellurium President and CEO Tyrone Docherty. “This is why Michael contacted us. He was previously in talks with a large, European luxury car manufacturer. However, believing that reliable supplies of high-purity tellurium would be key, Abdelmaseh approached First Tellurium to partner for device manufacturing.”
Production-Ready
Abdelmaseh reported that the device is ready to enter production mode. “We are done with the research and development,” said Abdelmaseh. “We have the data that shows the efficiency, and we are ready to produce it.”
As Abdelmaseh explained, PyroDelta has applied for patents on two configurations. One increases the efficiency of solar panels. The other can replace radiators and alternators in internal combustion engines, making them far more efficient and saving fuel.
Solar Panels Far More Efficient and Deployable
For solar applications, the thermoelectric device can expand the range of locations for solar power deployment, especially for sites with low sunlight and long nights. “When solar is combined with thermoelectric, you can cut down drastically the amount of battery storage required,” said Abdelmaseh.
Automobile Alternators Could Become Obsolete
In automotive applications, the device in a pipe form requires a simple retrofit to internal combustion engines without retooling assembly lines. “If you introduce anything disruptive to an existing production line that costs, say, two hundred million dollars,” said Abdelmaseh, “it’s doomed to failure. Existing vehicles can use new thermoelectric radiators, and they will generate electricity just from the heat differential of the hot liquid going through the (thermoelectric pipe) radiator and the air cooling it from the outside.” PyroDelta is presently building a thermoelectric radiator with a 1-kilowatt capacity for vehicle retrofit.
Added Abdelmaseh, “This can make your alternator obsolete. You can use the energy that’s coming out of your radiator to power all your onboard accessories—your AC, your radio, everything. This will raise the efficiency of your vehicle.”
Making Combustion Engines Significantly More Efficient
Abdelmaseh noted that today’s combustion engines generate peak efficiency of about 30-35 percent from a gallon of gas. Replacing the radiator with the thermoelectric pipe device could theoretically add an additional 12 percent in efficiency. Conservatively, Abdelmaseh estimated the added energy would total at least six-to-eight percent.
According to the U.S. Energy Administration (EIA), Americans used about 134 billion gallons of gas in 2022. An eight-percent savings would amount to over 10 billion gallons per year.
Greenhouse, Commercial Properties and Industrial Waste
Abdelmaseh also identified greenhouses, commercial properties, industrial waste and manufacturing plants as potential markets for the thermoelectric device. “Any facility with waste heat can generate electricity and lower power costs,” he said, adding that the robust construction of the device makes it ideal for harsh environments with high extremes of heat and/or cold. “The more it can withstand extremes, the more efficient it becomes,” said Abdelmaseh.
PyroDelta estimates that deploying the device in greenhouses could provide energy savings of 30 percent.
Extending Drone Battery Life
Due to the device’s small size and low weight, another large potential market would be powering drones. According to Abdelmaseh, the device as drone range extender, weighing only 70 grams (2.5 ounces), could extend a drone’s range from 15 minutes to an hour. The increased battery life could open up vast new markets, including defense and a wide range of commercial uses.
Docherty noted, “The small size of this device, which in this case is only about 50 millimeters by 100 millimeters (approximately two inches by four inches), combined with its light weight, makes it ideal for the drone market. However, any market that could benefit from these advantages of size, weight and power generation becomes accessible to us.”
First Tellurium will provide additional information about the device and potential markets in upcoming news releases.
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.
First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent. First Tellurium is listed on the Canadian Stock Exchange under the symbol “FTEL” and on the OTC under the symbol “FSTTF”. Further information about FTEL and its projects can be found on www.firsttellurium.com.
On behalf of the board of directors of First Tellurium Corp.
“Tyrone Docherty”
Tyrone Docherty
President and CEO
For further information please contact:
Tyrone Docherty
604.789.5653
tyrone@firsttellurium.com
Twitter: @TelluriumCorp
www.firsttellurium.com
AveragePenny
2 years ago
$FSTTF First Tellurium Reports on Government Initiatives to Secure Tellurium and Other Critical Materials
https://www.globenewswire.com/news-release/2022/12/01/2565832/0/en/First-Tellurium-Reports-on-Government-Initiatives-to-Secure-Tellurium-and-Other-Critical-Materials.html
Vancouver, BC, Canada, Dec. 01, 2022 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company” or “First Tellurium”) reports that government initiatives for development of critical and green metals continue to reinforce the value of the Company’s tellurium resource at both the Deer Horn Project in west-central British Columbia and Klondike Tellurium Project in Colorado.
“Canadian and U.S. governments are really pushing new strategies and funding initiatives to address the problem of critical mineral supplies,” said First Tellurium President and CEO Tyrone Docherty. “North America is just too dependent on foreign sources for the critical metals required for clean energy, defense and other essential needs.”
First Tellurium reported recently that its exploration at Deer Horn in October (reported November 2), identified an apparent 1.1-kilometer extension of the existing silver-gold-tellurium vein system which would extend the overall system to approximately 3.5 kilometers (2.2 miles). Deer Horn hosts one of the world’s only NI 43-101-compliant resources of tellurium with high-grade precious metals. In addition, the Company’s Klondike Tellurium Project in Colorado is considered one of the country’s top tellurium exploration projects and was previously owned by First Solar Inc. as a potential source of raw tellurium for its solar panels.
Docherty noted that the Cadmium Telluride Photovoltaics Accelerator Consortium, a $20 million initiative designed to make cadmium telluride (CdTe PV) solar cells less expensive and more efficient, was launched in August 2022 by the U.S. Department of Energy. The program will also develop new markets for solar cell products. By 2030, the program aims to increase domestic CdTe PV material and module production, achieve cell efficiencies above 26%, and decrease module costs to below $0.15/watt.
“Governments are just starting to understand the importance of tellurium,” said Docherty. “It has flown largely under the radar, even though it’s essential for cadmium-telluride solar panels and new lithium-tellurium (Li-Te) batteries that could revolutionize energy storage.” Deer Horn’s strategic partner Fenix Advanced Materials is spearheading research and development for new solid-state, Li-Te batteries in partnership with the University of British Columbia Okanagan. The UBCO research was featured recently in a Global News segment.
“This partnership with UBCO has played a key role in helping uncover some exciting innovations in new battery technology and other clean technology solutions,” said Fenix Founder Don Freschi. Mr. Freschi also sits on First Tellurium’s Advisory Board.
Docherty pointed to a November 13, 2022 CBC report that the U.S. Department of Defense has been quietly soliciting applications for Canadian mining projects seeking American public funding through a major national security initiative.
Trade in mineral-based strategic and critical materials between the U.S. and Canada exceeds $76 billion, and Canada is a global hub for mining project finance, including the risk finance that supports junior mining companies exploring for strategic and critical materials and developing the next generation of projects.
Canada has substantial resource potential in existing operations and planned projects that could support U.S. needs for cobalt, tantalum, antimony, and twenty additional strategic and critical materials including tellurium.
This follows a White House report last year warning that dependence on certain foreign-made products represents a national security risk to the U.S., and it focused on semiconductors, batteries, medicines and 53 types of minerals.
The report stated: “The United States must secure reliable and sustainable supplies of critical minerals and metals to ensure resilience across U.S. manufacturing and defense needs…” In addition to the need for stable supplies of copper and tungsten, the report included a list of “strategic and critical metals” that included tellurium.
“It’s clear that North America is going to need a lot more tellurium,” said Docherty. “This is why we’re on the hunt for new tellurium projects in addition to Deer Horn and Klondike. We’re also sitting on other important metals at Deer Horn. We confirmed copper porphyry mineralization this year, and the property was originally staked for its large zone of tungsten (as noted in the Company’s latest Preliminary Economic Assessment.)
FTEL’s New Website, Presentation and Video
We’re excited to announce the launch of our new website, where you’ll find information about our company and properties. In addition, we have also released a new animated pitch deck, which you can find here. This presentation provides an overview of our business and future opportunities. Finally, we have also released a new explainer video, which you can find here. This video dives into the details of our properties and how they can benefit First Tellurium Investors.
AveragePenny
2 years ago
$FSTTF First Tellurium Closes First Tranche of Private Placement, Provides Exploration and Regional Development Updates for Deer Horn
https://www.globenewswire.com/news-release/2022/11/17/2558075/0/en/First-Tellurium-Closes-First-Tranche-of-Private-Placement-Provides-Exploration-and-Regional-Development-Updates-for-Deer-Horn.html
Vancouver, BC, Canada, Nov. 17, 2022 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company” or “First Tellurium”) announces it has closed the first tranche (the "First Tranche") of a non-brokered private placement (the “Offering”) previously announced on October 16, 2022. The Company has issued 2,600,000 flow-through shares (the "Flow-through Shares") at a price of $0.14 per share for gross proceeds of $364,000 and 400,000 units (the "Units") at a price of $0.10 per unit for gross proceeds of $40,000. Each Unit consists of one common share and one common share purchase warrant exercisable at $0.15 for a period of two years following the close of the Offering.
The financing will help fund drilling and other exploration at First Tellurium’s Deer Horn Project in 2023.
Tyrone Docherty, President, CEO and a director of the Company (the “Insider”), participated in the Offering through the purchase by his private company, Docherty Capital Corp., of 1,800,000 Flow-Through Shares for gross proceeds of $252,000. Participation by the Insider in the Offering is considered a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insider's participation in the Offering in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that participation in the Offering by the Insider did not exceed 25% of the fair market value of the Company’s market capitalization The Company did not file a material change report at least 21 days prior to the closing of the Offering as participation of the Insider had not been confirmed at that time.
No commissions or finder’s fees were paid in connection with the First Tranche closing
Mr. Docherty’s share purchase equals 62% of the first tranche funding. “I have been here before, and I’m confident we have something amazing at Deer Horn,” said Docherty. “Dr. Lee Groat’s analysis of this fall’s surface and channel sampling, along with our contract driller Phil McLean’s assessments based on his forty-plus years of worldwide experience—especially with copper porphyries—tell me our 2023 drilling stands a very good chance of moving the property to a whole new level. As I’ve done from the start, I back my confidence with investment. It’s why I remain the company’s biggest investor.”
Copper Porphyry Mineralization Confirmed at Deer Horn
First Tellurium’s 2022 exploration at Deer Horn confirmed the presence of copper porphyry mineralization. This information is informing drill hole targets for the 2023 season.
“We know that in situations like these, especially with porphyry systems, even one or two drill holes can produce company-making results,” said Docherty. “Earlier this month, American Eagle Gold increased its market value over 800 percent based on just one drill hole at its NAK copper porphyry project north of Deer Horn. This isn’t a surprise to me, as we sold Quinto Mining to Consolidated Thompson Iron Mines in 2008 for $175 million based on just two drill holes.”
On the Stikine Island Arc Terrane
Docherty added that, like Deer Horn, the NAK project lies on the Stikine Terrane which hosts many of British Columbia’s copper porphyry deposits, including Imperial Metals’ Huckleberry Mine and Surge Copper’s Berg project—both lying approximately 36 kilometers north of Deer Horn. Surge recently announced it was launching a Preliminary Economic Assessment at Berg.
“We know we’re in the right place with Deer Horn,” said Docherty. “This part of the Stikine Terrane is emerging as a new major copper play. Recently Leif Nilsson, Surge Copper’s CEO, noted that the district has significant untapped exploration potential and could one day be among the largest copper districts in Canada. We are convinced of the same.”
FTEL’s New Website, Presentation and Video
We’re excited to announce the launch of our new website, where you’ll find information about our company and properties. In addition, we have also released a new animated pitch deck, which you can find here. This presentation provides an overview of our business and future opportunities. Finally, we have also released a new explainer video, which you can find here. This video dives into the details of our properties and how they can benefit First Tellurium Investors.
AveragePenny
2 years ago
$FSTTF First Tellurium Reviews 2022 Exploration at Deer Horn
https://www.globenewswire.com/news-release/2022/11/02/2546378/0/en/First-Tellurium-Reviews-2022-Exploration-at-Deer-Horn.html
Vancouver, BC, Nov. 02, 2022 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company” or “First Tellurium”), has provided a review of its 2022 exploration program at the Company’s Deer Horn polymetallic project in west-central British Columbia. Work for the season included rock sampling, channel sampling and prospecting focused primarily on the property’s copper porphyry potential. Assays from the sampling programs are pending.
Image galleries from the first round of work can be viewed here, and from the channel sampling here.
Adding a Structural Geologist to Planned 2023 Program
Based on the findings from the 2022 sampling, Dr. Lee Groat, who directed the program, plans to add a structural geologist to the 2023 team to help understand the faulting, folding and other mechanisms at Deer Horn to help determine the property’s geologic structure and the location of mineralization.
“This is all part of the teasing out of the history of the deposit,” said Dr. Groat. “There’s so much we don’t know, because so much truly interesting ground has never been studied in depth. My belief is that this information will open up more targets while answering some of the key questions we have.”
Planned Financing
The 2023 program will be funded by a planned private placement of up to $1.4 million. Mr. Docherty plans to personally provide a significant amount of the total financing.
“Since we first acquired the Deer Horn Property, I have solidly backed up my belief in the quality of this project,” said First Tellurium President and CEO Tyrone Docherty. “Not only am I the company’s largest shareholder, the discoveries made this summer and fall, combined with the enthusiasm shown by Dr. Groat and even the driller who investigated the project with our team, have given me even more conviction that this is bigger and better than we imagined.”
Property-Wide Soil Sampling by UBC Team in 2023
Part of the planned 2023 program includes a property-wide soil sampling program led by Dr. Groat and a team of University of British Columbia grad students. Due to receding glaciers, a significant amount of ground is now open that has never been explored.
Confirmation of Copper Porphyry Mineralization
Key results from the 2022 program, which began in August and concluded in October, included confirmation of copper porphyry mineralization, discovery of new targets, identification of drill hole locations for a planned 2023 drill campaign and possible extensions to the known tellurium-gold-silver resource and strike length.
“The sampling team, led by Dr. Lee Groat, came back thrilled with what they found at Deer Horn,” said First Tellurium President and CEO Tyrone Docherty. “Not only have we confirmed the presence of copper porphyry mineralization, we have an abundance of good information and exciting targets to launch our 2023 season.”
The campaign focused on sampling the Pond, North Pond and H-Spot copper porphyry targets first identified in the 2018 Preliminary Economic Assessment. The showings are located about one kilometer west-northwest of the known Te-Ag-Au resource. Full extent of showings remains unknown and open.
Outcropping Quartz Veins and Possible Extension of Te-Au-Ag Vein System
Secondarily, sampling on a number of outcropping quartz veins in the area around the porphyry targets identified a possible 1.1-kilometer (.7 miles) extension of the existing 2.4-kilometer (1.5 miles) gold-silver-tellurium vein system. This vein system may now extend a total of 3.5 kilometers (2.2 miles). Drilling in 2023 is expected to test this target at depth.
As Dr. Groat noted in First Tellurium’s October 19 news release: “The bigger puzzle we want to solve is the age relationship between the gold-silver-tellurium veins and the porphyry mineralization. This would go a long way to understanding the magnitude of our discoveries so far. I’m really looking forward to putting some of the pieces of this very interesting puzzle together.”
Industry-Wide Shift to Copper and Battery Metals
Due to the rapidly-growing need for metals used in batteries and electrical transmission, First Tellurium’s copper investigation at Deer Horn echoes an industry-wide trend towards copper and other critical metals. Teck Resources recently announced it was selling its stake the Fort Hills oilsands operation to focus more of its capital on copper. Teck is building the QB2 Mine in Chile, which is expected to produce around 300,000 tonnes of copper in its first five years.
FTEL Strategic Partner Developing New Battery with Tellurium
The increasing importance of battery metals, including copper and tellurium, represent a key element of First Tellurium’s growth strategy. The Company’s Strategic Partner Fenix Advanced Materials of Trail BC is working with UBC Okanagan’s Advanced Materials for Energy Storage Lab to create a lithium-battery that is smaller and more powerful than what’s currently available. This collaboration is part of a $2-million initiative between Fenix, Mitacs and UBC Okanagan. Mitacs is a nonprofit national research organization that, in partnerships with Canadian academia, private industry and government, operates research and training programs in fields related to industrial and social innovation.
FTEL’s New Website, Presentation and Video
We’re excited to announce the launch of our new website, where you’ll find information about our company and properties. In addition, we have also released a new animated pitch deck, which you can find here. This presentation provides an overview of our business and future opportunities. Finally, we have also released a new explainer video, which you can find here. This video dives into the details of our properties and how they can benefit First Tellurium Investors.
AveragePenny
2 years ago
$FSTTF First Tellurium Completes Soil Sampling Program at Klondike Project in Colorado
https://www.globenewswire.com/news-release/2022/10/26/2541693/0/en/First-Tellurium-Completes-Soil-Sampling-Program-at-Klondike-Project-in-Colorado.html
Vancouver, BC, Canada, Oct. 26, 2022 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company” or “First Tellurium”), is pleased to report that its US-based team of geologists has completed soil sampling at the Company’s Klondike tellurium-gold project in south-central Colorado. Data and interpretations from this program will inform a Phase 1 drilling program at Klondike planned for 2023, helping to better formulate drillhole targeting and permitting drill sites.
A total of 343 soil samples were collected over nine days on a grid measuring 1 kilometer x 1 kilometer, with variable sample spacing of 30 to 60 meters east-west and 60 meters north-south. The original grid plan and budget (as announced in the FTEL news release of October 13, 2022) called for 550 samples. The number of samples needed to complete the program’s goals was reduced by eliminating samples from areas of transported alluvial deposits, areas of excessively steep terrain with rock talus/scree and little or no soil and eliminating a few peripheral grid lines in areas of lower priority as determined by the geological team on site. All samples will be shipped to ALS Geochemistry for trace-level analysis of 51 elements, including tellurium and gold. Results are expected to be received by mid-to late December.
A slide show from the soil sampling program can be viewed here on the First Tellurium website.
“This program was essential for setting up our planned 2023 drill program,” said First Tellurium President and CEO Tyrone Docherty. “We had an exceptional team of senior exploration geologists managing the project, all of whom had previously conducted tellurium exploration on behalf of First Solar.”
John Keller, Klondike’s Project Manager, directed the soil sampling program. Keller worked previously for First Solar from 2006-2011, first as a consulting geologist and then as Exploration Manager, North America. He visited and sampled numerous tellurium prospects for First Solar in the US and Mexico as well as China, Australia, and the Russian Far East. He also managed a series of drilling programs at First Solar’s Bambolla tellurium-gold project in Mexico prior to First Solar terminating their Denver-based Raw Materials exploration group in 2012. George Klemmick visited and sampled tellurium prospects in Alaska, Montana, Yukon Territory, and Sardinia. Pete Herrera mapped and sampled several tellurium prospects in Nevada. All three gentlemen are Certified Professional Geologists (CPG) with the American Institute of Professional Geologists (AIPG) and are considered Qualified Persons for exploration geology under NI-43-101 rules.
“We deployed a first-class team of senior geologists who have worked extensively on epithermal metal deposits in geological environments similar to Klondike,” said Keller. “They were able to recognize pertinent geologic features such as alteration types and intensities, subtle lithologic features, and potential structural features. The geologic notes accompanying each sample site will be extremely valuable and will allow us to compile a better geological map of the project area.”
Keller added that a silicified body, which was previously known only from one road outcrop, was accurately traced for over 150 meters during grid sampling. “This feature can now be fully integrated into a new geologic map,” said Keller. “I will be very excited to see and interpret the results of the geochemical assays of this soil grid sampling. I’m confident it will help us better understand the geometry of the system and the extent of Te-Au-Ag and possible pathfinder element mineralization at the surface.”
Using this new soil geochemical data in concert with First Solar’s previous rock-chip sampling, geology, and geophysics will help the team make better drillhole-targeting decisions before submitting the needed permitting application documents.
Samples were collected by digging into the generally rocky soil to a depth where the soil changed color and organic matter decreased, usually between 15 and 35 cm. Soil from the deeper horizon was then sieved to -10 mesh (approx. 2 mm) until approximately 0.75 kg of material was collected and securely bagged. The team enjoyed dry and mild early fall weather, which helped keep the sample material generally dry and easy to screen.
AveragePenny
2 years ago
$FSTTF First Tellurium Reports on Recent Channel Sampling at Deer Horn
https://www.globenewswire.com/news-release/2022/10/19/2537265/0/en/First-Tellurium-Reports-on-Recent-Channel-Sampling-at-Deer-Horn.html
Vancouver, BC, Canada, Oct. 19, 2022 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company” or “First Tellurium”), reports that channel and rock sampling conducted Oct 5-7 at the Company’s Deer Horn Property in west-central British Columbia has confirmed the presence of porphyry mineralization while encountering new mineralization in areas not previously sampled. Channel samples were taken from the Pond and H-Spot porphyry targets. The samples compliment rock samples obtained from the North Pond porphyry target and other mineral showings in August and September. Pictures from the sampling program can be viewed here.
“Even with assays still pending, this was a successful and positive sampling effort by just about any measure,” said First Tellurium Chairman and geologist Tony Fogarassy, who participated in the sampling. “Not only did we confirm porphyry mineralization at the Pond, North Pond and H-Spot zones, we discovered a possible 1.1-kilometer (.7 miles) extension of the existing 2.4-kilometer (1.5 miles) gold-silver-tellurium vein system. This vein system may now extend a total of 3.5 kilometers (2.2 miles).”
Information obtained from three sampling programs in 2022 supports the premise from the May 2018 Preliminary Economic Assessment that Deer Horn hosts at least one copper-gold-silver porphyry system. Photos from earlier sampling can be viewed here.
“In short,” said Fogarassy, “the porphyry story is coming together.”
“We are definitely finding porphyry mineralization, said consulting geologist Dr. Lee Groat. “All the indicators are there. Everything looks right.”
“The bigger puzzle we want to solve,” Groat added, “is the age relationship between the gold-silver-tellurium veins and the porphyry mineralization. This would go a long way to understanding the magnitude of our discoveries so far. I’m really looking forward to putting some of the pieces of this very interesting puzzle together.”
Groat and his team also sampled a number of outcropping quartz veins in the area around the porphyry targets.
“We found a lot of mineralized quartz that has never been sampled or prospected,” said Groat. “Some of these outcrops appear to be extensions of the known gold-silver-tellurium vein system to the west. We’ll know a lot more when we receive the assays.”
Groat will lead a team of UBC graduate students in a comprehensive, property-wide sampling and mapping program in the 2023 season. “Due to past snow cover and glaciation, most of this property has never been prospected,” said Groat. “We now have access to huge amounts of ground for the first time. I cannot wait to see what we find.”
FTEL’s New Website, Presentation and Video
We’re excited to announce the launch of our new website, where you’ll find information about our company and properties. In addition, we have also released a new animated pitch deck, which you can find here. This presentation provides an overview of our business and future opportunities. Finally, we have also released a new explainer video, which you can find here. This video dives into the details of our properties and how they can benefit First Tellurium Investors.
Alexulf
2 years ago
Some Reasons To Consider Investing In First Tellurium Corp.
Management with track record of project monetization
First Tellurium's leadership includes a board and advisory group with industry leaders in finance, mineral property development, geology, mineralogy, solar power, engineering, research and First Indigenous engagement/economic development.
Advanced, district-scale project with high-grade gold, silver and tellurium
51 square-kilometer Deer Horn project in north-central BC is only known property in North America with NI 43-101 resource for silver-gold-tellurium. Also contains porphyry-style copper and tungsten with lead and molybdenum.
Completed positive PEA with near-term production potential
PEA indicates "robust" economics with a 1.6-year payback and 9-year open pit mine life. PEA IRR return of at least 42% (using gold price of $1,300). Estimated $28.3M CapEx, after-tax NPV of $36.5M
Tight share structure with significant management ownership
Only 22M shares outstanding, 29M shares fully diluted.
Unique Indigenous partnership opens up largely unexplored ground in Northern BC
Exploring Indigenous territories of BC and Yukon Territory while working with government, NGO, Indigenous and private interests to rehabilitate mining sites that affect salmon and wildlife habitat.
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