PRISTINA (Kosovo), June 10 (SeeNews) – Canada’s Avrupa Minerals said it hopes to start a drill programme at the Slivovo gold project in Kosovo late in the third quarter of the year.
The company started targeting work at Slivovo in mid-April, upon receipt of the first tranche of funding from option partner Byrnecut International, it said in a statement on its website on Monday.
"The Slivovo license covers a carbonate rock-hosted, polymetallic massive sulfide target around the site of the outcropping Pester gossan (roughly 170 by 70 meters in size) and a second, possible epithermal, target (open-ended strike length of 900 meters by at least 75 meters-wide zone of altered rocks), located approximately 1,000 meters away from the gossan," Avrupa said.
"Geological and spatial relationships between the two outcropping sites of mineralization suggest the possibility of a larger mineralized system, but much more technical work is needed to prepare for drill targeting," it added.
The company's geologists are presently detail mapping and sampling the Pester gossan zone and will undertake further reconnaissance-style sampling to attempt to better understand the size and potential of both target areas, as well as attempt to locate extensions and other mineralized locations.
The Slivovo license, located approximately 15 kilometres southeast of Kosovo's capital Pristina and covering 15.2 square kilometres (sq m), was issued to Avrupa Minerals in June 2012.
In April Avrupa MInerals signed an earn-in and shareholders agreement to option out the Slivovo gold project to Australia's Byrnecut International. Under the agreement, Avrupa is the operator.
Avrupa holds five exploration licences in Kosovo, totaling 153 sq km. The Glavej, Selac, and Kamenica licenses host near drill-ready silver and base metal targets, while surface expressions of alteration and mineralization are present on all five licenses.