November 25 (SeeNews) - Canada's QX Metals Corp said that its partner - Australia's Raiden Resources, has completed an infill soil sampling program over the Sbor prospect on the Kalabak project in Bulgaria, defining a second copper-gold porphyry target.
"The results of the follow up work by our partner Raiden Resources validates our view that the Sbor prospect, in addition to hosting gold potential, has potential for new porphyry-copper mineralization at depth," Vince Sorace, president & CEO of QX Metals, said in a statement on Friday.
The on-going geophysical work will help to define drill targets on both the northern and southern segments of the Sbor target, QX Metals Corp said.
In July, Raiden signed an option agreement with Canada's QX Metals Corp, formerly Black Sea Copper & Gold Corp, which provides Raiden with an opportunity to earn up to 75% interest in the Kalabak project. QX Metals Corp holds 100% of the Kalabak license through its wholly-owned Bulgarian unit Zelenrok.