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Electrum Discovery Identifies High-Priority Drill Targets at Timok East

Vancouver, Canada -- December 19, 2024 -- NewsGenie -- Electrum Discovery Corp. (TSX-V:ELY |FRA:R8N |OTC:ELDCF) has announced the successful completion of its High-Resolution Induced Polarization (HIRIP) survey and the results of 3D geochemical porphyry targeting analysis at its Timok East copper-gold project in Serbia.

The company plans to test these targets with diamond drilling in Q1 2025. The HIRIP survey, conducted by Terratec Geophysical Services, outlined a chargeability anomaly beneath surface copper anomalism at Bambino Central. A large resistivity high anomaly was also identified, potentially indicating a deep intrusive or zone of silicification.

Dr. Elena Clarici, CEO and President of Electrum, stated that the IP survey results enhance the understanding of subsurface mineralization potential at Bambino Central, providing critical information for the upcoming drill program. The integration of IP and 3D geochemical targeting has validated the exploration model and outlined multiple drill targets at Bambino.

The 3D geochemical porphyry targeting, performed by Fathom Geophysics, suggests a potential deep porphyry target at Bambino. Electrum is finalizing drill plans and a 2,000-meter diamond drill program is scheduled to commence in January 2025. Additional HIRIP lines are planned to gather more data.

Map showing geology and surface geochemistry with electrode locations of completed HIRIP lines (P1, P2, P3) and planned phase two HIRIP lines.

Figure 1: Map showing geology and surface geochemistry with electrode locations of completed HIRIP lines (P1, P2, P3) and planned phase two HIRIP lines.

Section showing resistivity and chargeability of HIRIP line P2 over the centre of Bambino Central geochemical anomaly, showing a chargeability high directly beneath surface copper anomalism; With geological and target interpretations and planned drill holes annotated.

Figure 2: Section showing resistivity and chargeability of HIRIP line P2 over the centre of Bambino Central geochemical anomaly, showing a chargeability high directly beneath surface copper anomalism; With geological and target interpretations and planned drill holes annotated.

Oblique 3D view downwards to the northeast with chargeability results from the HIRIP lines showing a chargeability high directly beneath surface copper anomalism of the Bambino Central geochemical anomaly.

Figure 3: Oblique 3D view downwards to the northeast with chargeability results from the HIRIP lines showing a chargeability high directly beneath surface copper anomalism of the Bambino Central geochemical anomaly.

Oblique 3D view downwards to the northeast with resistivity results from the HIRIP lines showing zones of high resistivity adjacent to surface copper anomalism of the Bambino Central geochemical anomaly.

Figure 4: Oblique 3D view downwards to the northeast with resistivity results from the HIRIP lines showing zones of high resistivity adjacent to surface copper anomalism of the Bambino Central geochemical anomaly.

Fathom Porphyry footprint model (the Halley et al., porphyry system model using soil data) integrated with geology, IP and soil geochemistry results. The top right inset displays IP Resistivity data and the bottom right inset displays IP chargeability data.

Figure 5: Fathom Porphyry footprint model (the Halley et al., porphyry system model using soil data) integrated with geology, IP and soil geochemistry results. The top right inset displays IP Resistivity data and the bottom right inset displays IP chargeability data.

Electrum Discovery Corp. is focused on mineral exploration in the Western Tethyan Belt with projects in Serbia. Their Timok East project is located near the Bor Copper-Gold Mining Complex, and the Novo Tlamino project has an inferred mineral resource estimate of 670,000oz AuEq.