October 22 (SeeNews) - Canada's QX Metals Corp, formerly Black Sea Copper & Gold Corp, said that Australia's Raiden Resources has completed a review of historical data and a reconnaissance field visit to the Rosoman prospect located on the Zlatusha gold project in Bulgaria.
Earlier this year, Raiden Resources signed an option agreement with QX Metals Corp, giving Raiden the opportunity to earn up to 75% interest in the Zlatusha project
"Guided by historic data and QX Metals previous work, the Company is excited to present the data in relation to a large area of outcropping quartz-sericite-pyrite alteration, with coincident elevated gold and copper values from rock chip sampling," Dusko Ljubojevic, managing director of Raiden, was quoted saying in QX Metals Corp's statement, published late on Monday.
"It is shaping up to be an important addition to our growing pipeline of quality gold and copper targets," Ljubojevic added.
The initial review and field visit confirm a porphyry copper and epithermal gold alteration system, while historical rock sampling indicates elevated Cu-Au values, which are coincidental with a large alteration zone at the Rosoman prospect, the statement reads.
As follow up, Raiden plans to investigate the availability of further historical exploration data and reports housed by Bulgaria's energy ministry. Field mapping and geochemical sampling will commence, as soon as the exploration agreement is signed by Bulgaria's energy minister Temenuzhka Petkova.