BELGRADE PROJECT
Belgrade Copper Project
The Company holds a package of prospects in Serbia. The prospects are prospective for copper-silver mineralisation.
The Studena and Kopajska Reka prospects were originally part of Reservoir Minerals Inc’s Serbian assets (ex TSX-V) prior to its 2016 US$365 million takeover by Nevsun Resources Ltd and subsequent US$1.4 billion takeover by Zijin Mining Group Co in 2018, following the discovery of the Cukaru Peki high-sulphide epithermal and porphyry deposit with approximately 20Mt of contained copper.
The Studena prospect is located in eastern Serbia within the Ridanj-Krepoljin metallogenic zone which extends for more than 200km in a NW-SE direction. Both prospects are located west from the well-known Bor metallogenic region that hosts world class copper porphyry deposits, all of which are located within the CBMP.
Highlights:
- Excellent potential for major discoveries of world class sedimentary-hosted copper mineralisation similar to the Kupferschiefer style in Poland, one of the world’s largest copper deposits.
- Material landholding in Serbia’s prolific Carpatho-Balkanian Metallogenic Province (“CBMP”); which host the world class copper deposits of Bor and Cukaru Peki (30Mt contained copper).
- More than 70km of untested prospective contacts.
- Historical surface rock chip assays exhibited exceptional values of up to 20% copper and 1,540ppm silver supported by recent fieldwork by Apollo Minerals that confirmed significant surface copper and silver anomalism, with rock chip assays up to 6.5% copper and 155ppm silver.
Figure 1: Belgrade Copper Project Location (yellow rectangles) – Displaying the project within the highly prospective CBMP Province