Central Timmins Makes Waves with Exploration Updates

Central Timmins Makes Waves with Exploration Updates

By: Tomas Ronolski - AllPennyStocks.com News

Monday, June 10, 2019

A diversified mining company, based in Toronto, is getting attention looking backward and forward at the same time. 

Central Timmins Exploration Corp. (TSX-Venture:CTEC) updated its  winter program with a look ahead to its summer exploration program.

The company, which, as its name suggests, is particularly active in northeastern Ontario,  has completed eight drill holes since its last results release: One on the Deloro Project and seven on the Mountjoy Project for a total of 3,510 metres of drilling

Three of the Drill holes in southeast Godfrey Township in the Mountjoy Project area have each intersected 50 m to 100 m of porphyry with frequent highly-contorted quartz veining with occasional tourmaline and local fine-grained pyrite.

CTEC points to the best assay result is being 2.46 g/t Au over 0.70 m hosted in porphyry in DDH G1-19-02. This hole also had 11 other gold intersections that assayed 100 ppb to 300 ppb Au in altered and quartz-veined porphyry.

According to CEO Charles Gryba, “What is encouraging is that CTEC's winter drilling has confirmed that the Caron Porphyry contains gold mineralization and may be part of a series of previously unknown porphyries starting at the Godfrey-Mountjoy Township boundary.” 

Shares in CTEC gained 1.5 cents, or 37.5% as the clock approached noon Monday, to 5.5 cents, as volume had just reached 40,000

 


Copyright © 2019 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon

Other Penny Stock Movers

Hmmm...Approved Drug, Bristol Myers Squibb as Partner and Tiny Market Cap
Bonanza of a Deal Sends Bonanza Shares Skyward
Acasti Surges on Year-End Figures
Aurion Reports Progress on Finnish Mine


Back to Top