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Madjan Peak Shows Epithermal Gold Potential
Madjan Peak Shows Epithermal Gold Potential.
About this update from Beowulf Mining Plc
[{"type":"text","content":"\n \n \n RNS Number : 4571O\n Beowulf Mining PLC\n 01 June 2020\n \n \n \n \n \n \n \n \n \n \n The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (\"MAR\") (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \n 1 June 2020\n \n \n Beowulf Mining plc\n \n \n (\"Beowulf\" or the \"Company\")\n \n \n Madjan Peak Shows Epithermal Gold Potential\n \n \n Beowulf (AIM: BEM; \n Spotlight\n : BEO), the mineral exploration and development company, announces results from the soil sampling programme completed across the Madjan Peak gold target at Vardar Mineral's (\"Vardar\") Mitrovica licence in Northern Kosovo. \n \n \n Highlights:\n \n \n · \n Extensive gold anomaly identified over an area approximately 1400 metres x 700 metres, with individual soil samples returning up to 0.36 grammes per tonne (\"g/t\") gold.\n \n \n · \n The gold anomaly \n correlates well with anomalous Arsenic, Copper, Lead, Mercury, Strontium and Antimony, \n and geological mapping has shown the presence of extensive argillic alteration.\n \n \n · \n The scale and size of the anomaly, together with coincidental multi-element anomalies and extensive hydrothermal alteration, are comparable to significant high-sulphidation epithermal gold deposits within the region. \n \n \n · \n Furthermore, a new lead-zinc-copper-gold target has been identified to the south of Madjan Peak, of particular significance given its situation, approximately 3 kilometres from the Stan Terg lead-zinc-silver mine which dates back to the 1930s (historical production records: 34 million tonnes at 3.45 per cent lead, 2.30 per cent zinc and 80 g/t silver). \n \n \n · \n Vardar is finalising plans to fly an ultra-detailed drone magnetic survey over Mitrovica. Vardar has acquired the drone, sensors and support equipment and has developed flight automation software over the winter period. This software is now in testing and when completed will assist in flying accurate low-level survey lines across mountainous terrain.\n \n \n · \n The geophysics programme is being designed to map out alteration zones and identify potential structural controls to mineralisation, as well as full 3D IP/DC surveys design...