Announcement • Jan 23
Electrum Discovery Corp. Advances Amt Geophysical Survey At Timok East, Identifying Additional Drill Targets
Electrum Discovery Corp. announced that it has completed and received inversion results for the Phase 2 Audio-Magnetotelluric ("AMT") survey at the Company's copper-gold Timok East exploration project located within the prolific Western Tethyan Belt in the Republic of Serbia. Additionally, dating results have been received for a recently discovered zone of andesite, confirming a Late Cretaceous age. Fieldwork completed and results received for a 12.5 square kilometres Phase 2 AMT survey covering the western part of the Timok East project. The new combined AMT model using stations from both surveys has significantly extended the 3D resistivity model and highlighted two distinctive zones of high conductivity at 250-550 metres depth. Late Cretaceous age confirmed for specimen of andesite within the Limestone Boundary magnetic anomaly of Timok East, underpinning searchspace for porphyry and/or epithermal mineralisation related to the Timok Magmatic Complex. Combined results from Phase 1 and Phase 2 AMT survey, generate new compelling drill targets. Exploration to date has identified multiple geophysical and geochemical anomalous zones, including the Western Mag, Bambino, and Limestone Contact targets. During Fourth Quarter 2025, Electrum engaged 3D Consulting-Geo GmbH to conduct a Phase 2 of a broadband Audio-Magnetotellic (the "AMT") geophysical survey with 41 measuring stations, over an area of 5 x 2.5 kilometres. The objective of the survey was to refine and extend the subsurface resistivity model from a previous AMT survey completed in early 2025 and to identify additional zones of high conductivity or resistivity that could represent potential intrusions, alteration, or mineralisation related to large-scale concealed copper +- gold systems. The survey was contiguous with the earlier AMT survey, also carried out by 3D Consulting-GeoGmbH using the same equipment and results were processed using the same methodology; data from both surveys was combined to form an updated 3D model of sub-surface resistivity. Two areas of high conductivity, at depths of ~250 to ~550 metres below surface, are seen in the 3D modelled resistivity from the extended AMT survey. Often, but not always, this forward-looking information can be identified by the use of words such as "estimate", "estimate", "estimates", "pot potential", "potential", "open", "assumed", "projected", "detailed", "detailed", " has been", "gain", "upgraded", " offset", "limited", "contained", "reflecting", "reflecting", "containing", "containing", " containing", "containing", "remaining", "containing", "rem remaining", "to be", "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 unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Electrum, to be materially different from any results, performance or achievements expressed or implied by forward-looking information. Such uncertainties and factors include, among others, uncertainties inherent in the PEA and exploration results and the estimation of mineral resources; risks related to the failure to obtain adequate financing on a timely basis and on acceptable terms; changes in general economic conditions and financial markets; risks associated with the results of exploration and development activities, and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in Electrum's quarterly and annual filings with securities regulators and available.
