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BUCHAREST (Romania), November 4 (SeeNews) - Canada's Euro Sun Mining said on Monday it has discovered four new gold-copper porphyries at its Stanija prospecting permit (PP) in Romania, adjacent to its Rovina Valley Gold project.
Any mineralization defined on the Stanija PP could have synergies for mine development on the Rovina licence, Euro Sun said in a press release.
Further work by Euro Sun will compile and interpret historical drilling and underground sampling results from previous licence holders and Euro Sun’s work to develop exploration target size potential and grade tenor.
"Our team has worked diligently over the past three years on the Stanija prospecting license to determine the discovery potential adjacent to our Rovina Valley Project. Early field work included soil geochemistry, field mapping and selected grab samples and trenching. We look forward to the initiation process by NAMR [Romania's National Agency for Mineral Resources] for the exclusive exploration license which is expected to occur in early 2020," Euro Sun CEO Scott Moore said.
The NAMR granted the Stanija prospecting permit covering 42 sq km to Euro Sun in September 2016.
Euro Sun is a Toronto Stock Exchange-listed mining company focused on the exploration and development of its 100%-owned Rovina Valley Gold and Copper Project located in west-central Romania. The property hosts 10.11 million ounces of gold equivalent.
Formerly known as Carpathian Gold, Euro Sun changed its brand identity in September 2016.
In April, Euro Sun announced that its 100% owned Romanian subsidiary Samax Romania has received authorization to begin mining activities at its Rovina Valley Project from the NAMR.