Location: Central Timok, Serbia
Category: JV Optioned Projects
Partner: BHP
Size: 35 sq km
NSR: 2%
Commodity: Copper, Sediment Hosted and Porphyry potential
Exploration Stage: Target Testing – Target 1
Upcoming Exploration: Drill Testing in 2024
Exploration Targets: Target 1
Project Overview:
Vicinity of producing copper mines – The project is directly adjacent to and west of the producing Bor copper porphyry mine and northwest from new operating mine, Cukaru-Peki, a high sulphidation epithermal copper-gold and porphyry copper deposit.
Undercover potential for buried porphyry system – Intact lithocap ~500 m under volcanics. The system contains elevated copper-gold-arsenic geochemistry indicative of high sulphidation epithermal type mineralization with elevated copper at the base of the lithocap suggesting a porphyry source beyond the immediate drill-tested area.
Geophysical anomalies – Using a combination of Gravity, CSAMT and Magnetic interpretations, the extent of the lithocap(s) is generally identified.
Drill Targets – Current area of drill testing is Target 1 which is based on geochemistry, alternation analysis and structural interpretation. Step out from prior drill hole campaigns.
