January 31 (SeeNews) - Canadian mineral exploration company Black Sea Copper & Gold said on Tuesday it has completed its fall 2016 exploration mapping and sampling programme at the Zlatusha copper-gold property in western Bulgaria, which outlined multiple additional target areas.
“The 2016 exploration programme has improved the understanding of the known target areas, and has yielded multiple additional target areas,” the company said in a statement.
A total of 195 samples were analysed for 59 elements by ICP-MS and gold analysis by fire assay, Black Sea Copper & Gold said. “Copper assays from grab samples between below detection to 4.45% copper, and gold assays in grab samples yielded values between below detection to 0.73 grams per tonne gold,” the company added.
There are currently seven copper-gold porphyry and epithermal targets on the Zlatusha license area.
The next steps for exploration at the Zlatusha property are planned for the first half of 2017 and will involve an airborne magnetic/radiometric survey, with follow-up IP (induced polarization) to refine the seven targets for drill testing, the company said.
The Zlatusha licence area which covers 195 sq km, lies within an emerging porphyry copper-gold/epithermal belt located northwest of Bulgarian capital Sofia. The project opportunity was identified by Black Sea in July 2013 after launching a detailed exploration campaign focused on porphyry copper-gold and epithermal gold targets throughout Bulgaria.
In October, the company announced the commencement of a systematic exploration programme aimed at advancing its wholly owned Kalabak copper-gold property in Bulgarian Rhodope Mountains, to the drill testing phase.
Black Sea Copper & Gold Corp. is a mineral exploration company active in the Black Sea region of Eastern Europe, with over 4 years of regional experience both technically and operationally within Bulgaria, Serbia, Turkey and Romania.