Location: Northwest Bulgaria
Category: Optioned Projects
Ownership: 51% JOGMEC, 49% Mundoro
Size: 167 sq km
Earn-in Joint Venture:
JOGMEC can earn in 75% with delivery of FS,
JOGMEC can acquire an additional 5% at market
MUN retains 20% carried interest to commercial Production
Commodity: Copper, Sediment Hosted and Porphyry potential
Exploration Stage: Target Definition
Upcoming Exploration: Drill Testing Targets in 2024
Target Areas: Lakatnik & Venets, Garvana, Central, Koznitsa & Gradishte
Project Overview:
Located on the Apuseni–Banat–Timok–Srednogorie (ABTS) belt in upper cretaceous belt known for its copper dominant systems.
Multiple drill target areas for sediment hosted copper systems + new regional prospects.
Leveraging historical data of mining workings with plan maps and cross sections of mineralized ore bodies. The area has not been actively explored since the 1960s when mining operations were active in the region.
Collected grid based soil and rock samples for license wide mapping of geochemistry and alteration.
Completed drone magnetics and CSAMT over main sediment beds.
