お知らせ • Jan 25
Lykos Metals Limited Provides an Update on Exploration Activities At the Company's 100%-Owned Sinjakovo and Cajnice Projects in Bosnia and Herzegovina
Lykos Metals Limited provided an update on exploration activities at the Company's 100%-owned Sinjakovo and Cajnice projects in Bosnia and Herzegovina. At Sinjakovo, the Company has identified three new polymetallic-bearing shear zones from the first trench at the Erak locality within the Zekil-Erak Prospect, the widest zone being 61m of trench length (50m true width) that has returned an average grade of 1.50 g/t gold. The Company is presently finalizing local area permitting required to commence drilling. At Cajnice, reconnaissance fieldwork identified two new areas - the Kapov and Tubrojevivi prospects for detailed mapping to inform potential drilling programs. Subject to winter weather conditions, preparation for site access is scheduled to commence in First Quarter 2023 at targets identified and reported previously: Majdan (rock samples up to 1.91 g/t gold, 220 g/t silver and 13.26% lead) and Pisonica (rock samples up to 51 g/t silver and 2.78% lead). In July 2022, the Company initiated a five-trench program to follow up on a 4km2 gold-in-soil anomaly discovered at the Zekil and Erak localities. Three trenches have been completed to date (two trenches at Zekil and one at Erak). Trenches were dug to bedrock, and continuously channel-sampled at 1m intervals by honoring the geological boundaries (lithology, alteration and mineralization) where possible. The channel profile (width x depth = 10 x 10cm) was cut using a portable rock saw. Further filed work at Erak locality was paused due to the onset of the winter period. The geology field team identified epithermal mineralization in all three trenches. This epithermal mineralization is characterized by disseminations, nests and veinlets of: barite 1- 10% (locally 20%), Cu-Pb-Zn-Sb secondary minerals 1-10% (malachite, azurite, cerussite), and occasionally preserved primary minerals tetrahedrite, galena and antimonite (locally up to 1-10%). The mineralization is hosted in a variety of surface rocks common for phreatic systems: diatreme breccias (up to 61m width in trench), cross-cut by a later-stage ferruginous and quartz-rich shears (0.1-2m wide) - developed in Devonian limestone. The limestone exhibits a several-metres-wide alteration halo, from ankeritic (further away from mineralization) to marbly (closer to mineralization). The best result to date was returned from trench SICH003. This trench intersected several mineralized zones, with the best interval being 61m @ 1.50 g/t gold, which includes a high grade interval of 4m @ 9.33 g/t gold. This polymetallic (gold-silver-copper-antimony) mineralization is gold-dominant. The true thickness of this north-south trending mineralized zone is approximately 50m, and dip direction is still uncertain but possibly moderately to the east. The second-best interval returned was 21m @ 1.32 g/t gold equivalent. Compared to the previous interval, this 21m wide in-trench polymetallic mineralization is more copper-antimony dominant with variable amounts of gold and silver. Its strike direction has been confirmed with outcrop mapping and sampling, and true thickness is 10m. Due to no surface exposure of mineralization, the 61m long alteration zone observed in trench was immediately followed with the digging of 31 lateral test-pits (1x1m to bedrock) to establish the trend of wall-rock alteration associated to gold and polymetallic mineralization. The test-pits depth to bedrock varied from 0.1m to 1m. About 200m of alteration strike length has been confirmed striking in north-south direction. Digging further test-pits to the north and south was prevented by the onset of the winter period. The alteration zone remains open to the north and south. A bedrock sample was taken from each test-pit and sent for analysis. Results to date were returned as polymetallic and gold-dominant with up to 3.86g/t gold, 63g/t silver, 0.80% copper and 0.42% antimony. Follow up of the 61m-long alteration zone in the form of 100m trenches (at every 100m strike length) is warranted. This low cost activity will provide information about the potential size of mineralization intersected in trench SICH003 and inform the design of a potential drilling program. At the RDK Prospect, 16 of 19 planned holes have been completed, with drilling paused due to the onset of the winter period. Four drill holes (SIDD017, SIDD018, SIDD019 and SIDD020) were completed since the previous announcement. The complete results for four previously unreported drill holes have been received for drill holes SIDD007, SIDD008, SIDD010 and SIDD016 - returning only weak cobalt mineralization. Results for six drill holes (SIDD009, SIDD013, SIDD017, SIDD018, SIDD019 and SIDD020) are still pending. Drilling has been paused until these results have been receive and reviewed. To date, drilling at RDK Prospects has returned sulphide rich (pyrite-dominant) layer-parallel shears with cobalt and tungsten anomalism, associated with low-grade copper results. A general lithology intersected in drilling was, when viewed stratigraphically upper to lower, upper limestone unit, schists and (massive and competent) sandstone unit, lower limestone unit, schists and sandstone. In some drill holes the lower limestone unit is absent and this stratigraphic level is characterized by layer-parallel shears in schists. These layer-parallel shears are also observed at contacts between rock units, can host sulphidic mineralization, predominantly consisting of pyrite with subordinate chalcopyrite, galena and sphalerite. Drill hole SIDD017 was collared at SIDD016 drill pad, west of the historic underground copper mine. The hole was collared in upper limestone and went into clastic sediments already at 13.8m in which it remained until the end of hole. Sulphide mineralization starts to appear at 155.2m; from this depth the sulphides (almost exclusively trace to weak disseminated and mottled pyrite, with trace chalcopyrite) appear associated to fault breccias (155.2m-161.6m and 172.6m-179m) and a hydrothermal breccia (185.4m-186.8m) interval. The hole was stopped at a drilling depth of 272.2m. Drill hole SIDD018 was located south-west of the historic mine, at SIDD013 drill pad. It has followed up on a 7.5m sulphide-rich interval intersected in SIDD013 that was reported on 21 November 2022. Unfortunately, this hole was abandoned at 110m drilling depth due to difficult drilling conditions; further attempts to drill from this location were prevented by the onset of winter weather conditions.