(TheNewswire)

Electrum Discovery Corp.

Vancouver, Canada, July 2, 2025 – TheNewswire - Electrum Discovery Corp. ("Electrum" and/or the "Company") (TSX-V:ELY | FRA:R8N | OTC:ELDCF) is pleased to announce the results of 3D inversion modelling of ground magnetic data and to outline upcoming fieldwork plans at its Timok East Project ("Timok East" and/or the "Project") in eastern Serbia.

 

Highlights:

  • 3D inversion of ground magnetic data suggests continuity at depth to previously identified Western Mag, Limestone Contact, and Bambino Trend targets. 

  • Recent field work discovered the outcropping of Phase 1 andesitic volcanics, at the Western Mag target, a geological unit known to host copper-gold systems in the Timok region. 

  • A prominent NNW- trending corridor of elevated magnetic susceptibility extends Bambino target over 7 kilometers 

  • Along the contact between Jurassic limestone and Palaeozoic sediments, an ENE-trending magnetic anomaly is being selected for further work as a target prospective for skarn and carbonate replacement mineralization. 

  • Follow-up mapping and soil sampling underway to further test three primary targets. 

 

“The 3D inversion results have provided an important new dimension to our geophysical understanding at Timok East,” said Dr. Elena Clarici, CEO of Electrum Discovery Corp. “The continuity of magnetic features with depth, and particularly along the Bambino Trend and Western Mag target, enhances their significance. With our soil sampling and geological mapping programs now underway, we are moving to convert these compelling geophysical anomalies into well-constrained drilling targets.”

Electrum has received results from 3D inversion modelling of its high-resolution ground magnetic survey at Timok East. Modelling was carried out by Terra Scout Ltd. (Sofia, Bulgaria) an experienced provider of ground magnetic data acquisition and modelling.

The model suggests multiple vertically extensive magnetic zones with elevated magnetic susceptibility values potentially caused by magnetite-bearing intrusions or skarn-style alteration. Key observations at each target include:

 

Bambino Trend

Along the Bambino Trend, the 3D inversion model highlights a prominent 7.5-kilometer NNW-trending corridor of elevated magnetic susceptibility extending from surface to depths exceeding 1 kilometre. This anomaly coincides with copper, gold, and silver anomalies in surface rock chip samples and copper-in-soil anomalism at both the Bambino prospect and the Northern Skarn target (Figure 1 & 2).

A soil sampling grid (~180 samples) is planned to test the northern portion of the corridor, where magnetic intensity is strongest, for signatures of underlying mineralization (Figure 1 & 3).

 

Western Mag Target

The Western Mag target is defined by a large, vertically continuous magnetic high along a major NNW-trending structural corridor. Fieldwork has confirmed the anomaly is spatially associated with outcrops of Phase 1 andesitic volcanics, a lithology well known to host copper-gold systems elsewhere in the Timok region (Figure 1 & 2).

The anomaly extends south beneath Neogene cover, indicating potential for concealed targets.

Analysis results are awaited for a soil grid of 225 samples that has been collected to assess geochemical indicators for porphyry-style mineralization at the Western Mag target (Figure 3).

 

Limestone-Boundary Target

At the Limestone-Boundary target, an WNW-trending magnetic anomaly has been identified along the boundary between non-magnetic to weakly magnetic Jurassic limestone and Palaeozoic sediments. This boundary is considered prospective for skarn and carbonate replacement ("CRD") mineralization.

The modelled anomaly dips west towards the Timok Magmatic Complex, displays moderate magnetic susceptibility and continuity to depths of approximately 850 metres, and may indicate localised magnetite enrichment potentially linked to unmapped intrusive dykes or to hydrothermally sourced magnetite enrichment (Figure 1 & 2).

A soil grid (~140 samples) along with scout geological mapping is planned to investigate the cause of the magnetic anomaly and identify geochemical signatures that may indicate the presence of hydrothermal mineralization associated with this boundary (Figure 3).

 

Summer 2025 Exploration Plan

  • Soil sampling, field mapping, and prospecting across defined target areas to identify geochemical anomalies and identify geochemical signatures that may indicate underlying mineralization. 

 

  • Deeper geophysical surveys (e.g., CSAMT, HIRIP, or AMT) over soil-defined targets to generate resistivity models of the subsurface to guide drill targeting. 

 

  • Ground magnetic survey at the northern part of the Timok East Project, i.e. the Bukova Glava permit, to delineate prospective intrusives and support ongoing field mapping and target definition. 

 


Click Image To View Full SizeFigure 1: Expanded slices through the 3D inversion model of ground magnetic data with 1:100,000-scale geology and geochemical data superimposed (soil results from News Releases 30th October 2024, and April 16th 2025). Oblique view to the WNW.


Click Image To View Full SizeFigure 2: Zones of higher magnetic susceptibility from the 3D inversion of ground magnetic data, with 100k geology surface wireframe and geochemistry overlain (rock and soil results from News Releases 30th October 2024, and April 16th 2025). Oblique view to the NNW.


Click Image To View Full SizeFigure 3: RTP Total Magnetic Intensity – Analytical Signal map of Timok East with Copper-in-soil and rock chip anomalies, showing Bambino Trend, Western Mag, and Limestone Contact target (EPSG:32634) planned soil grids and collected samples pending assay are also displayed (soil results from News Releases 30th October 2024, and April 16th 2025).

Qualified Person

The scientific and technical contents of this news release have been reviewed and approved by Mr. Thomas Sant BSc, FGS, CGeol, EurGeol. Mr. Sant is a non-independent Qualified Person as defined by NI 43-101 and the VP, Operations, of the Company.

 

About Electrum Discovery Corp.

Electrum Discovery Corp. is an emerging mineral exploration and development company focused on the prolific Western Tethyan Belt with two main projects spanning 645 square kilometers of prospective exploration ground in the Republic of Serbia.

  • Timok East extends over 123 square kilometers across the Timok copper-gold region and includes multiple copper-gold targets and mineralized trends and is located less than five kilometers from the Bor Mining Complex.  

  • Novo Tlamino, located in the south-east of the Republic of Serbia, covers 522 square kilometers and includes an inferred mineral resource estimate of 670,000oz AuEq (7,100,000t at 2.9 g/t AuEq average grade), PEA (January 7, 2021)1 

Electrum Discovery is looking to maximize the value of our mineral projects for all stakeholders including our shareholders, the local community and government. We have an open-door policy and encourage all stakeholders to contact us through our website. We have a strong environmental and ethics policy to complete all our work in line with regulations in an open and transparent process. Our projects are at an early stage, and we plan to continue our consultation with all stakeholders in a climate of mutual respect, while fostering sustainability, governance, and knowledge transfer in the region.

 

Additional information on Electrum can be found by reviewing the Company's page on SEDAR+ at www.sedarplus.ca.

 

For more information contact:

Dr Elena Clarici, Chief Executive Officer and Director

T: +1 604 801 5432 | E: elena@electrumdiscovery.com | W: electrumdiscovery.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this news release constitute “forward-looking information” within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking information. Such statements include Company’s expected achievement of specified milestones, results of operations, and expected financial results of the Company. Often, but not always, this forward-looking information can be identified by the use of words such as "estimate", "estimates", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained", "reflecting", "containing", "remaining", "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 under Electrum's profile on SEDAR+ at www.sedarplus.ca. Rock chips and surface results are early stage and there is no assurance that future exploration will find mineralization of further interest. Although Electrum has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking information contained herein is based on the assumptions, beliefs, expectations and opinions of management. Forward-looking information has been made as of the date hereof and Electrum disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information.

 

1 Preliminary Economic Assessment and NI43-101 Technical Report for the Medgold Tlamino Project, January 7, 2021, www.sedarplus.ca. The effective date of the resource estimate is January 7, 2021.  Authors of the Reports are: Mr. Richard Siddle, MAIG, of Addison Mining Services Ltd for Mineral Resources; Dr. Matthew Randall, FIMMM, of Axe Valley Mining Consultants Ltd for Mining; Mr. Ian Jackson, FIMMM, of Bara Consulting for Mineral Processing, and Dr. Andrew Bamber, MCIM, of Bara Consulting Ltd for Economic Analysis.

The PEA is preliminary in nature, and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be characterized as mineral reserves, and there is no certainty that the PEA will be realised.

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