Battery and precious metals exploration company Lykos Metals (ASX: LYK) has announced exceptional assay results from the rock-chip sampling program at the company’s Sockovac nickel-cobalt project in Bosnia-Herzegovina.
As announced on 1 November 2021, the company completed an extensive first-pass surface geochemistry program at Sockovac that has already delivered highly encouraging results for nickel, cobalt, gold and silver. The geochemistry program included 196 rock chip samples plus 20 control samples.
Lykos has now received assays from 194 of the rock chip samples. Of particular importance are exceptional gold and silver plus zinc-lead grades in a newly discovered mineralised subcrop in the north-eastern section of the Sockovac project area, including:
- SORC186 (1.66kg sample) – 5.45 g/t Au, 1,330 g/t Ag, 7.21% Pb and 5.66% Zn
- SORC184 (1.28kg sample) – 3.9 g/t Au, 666 g/t Ag, 6.34% Pb and 0.14% Zn
Two further rock chip samples from a separate nearby subcrop returned the following significant cobalt and nickel anomalism:
- SORC200 (0.85kg sample) – 458 ppm Co and 0.22% Ni
- SORC203 (0.81kg sample) – 524 ppm Co and 0.45% Ni
Lykos also continues to receive results from the final batches of soil sampling carried out at 1,125 locations across Sockovac. The previously reported large nickel-cobalt anomalous area (refer ASX announcement dated 9 December 2021) has now been extended by another kilometre to the south to deliver an 8km2 area of strong Ni+Co anomalism which remains open to the south.
Lykos believes that this extensive soil anomaly may indicate potential for shallow lateritic and deeper sulphidic nickel-cobalt mineralisation.
“We are starting to build a clearer understanding of the tremendous, high-grade metals potential at Sockovac,” managing director Mladen Stevanovic said.
“The first assays from the rock-chip program have surprised us with their exceptional, high-grade and diverse mineralisation in the north-eastern section, not far from where historic drilling intersected high-grade nickel. This will further add to our planning for the maiden drilling campaign once the winter weather subsides.
“At the same time the soil sampling program across the broader Sockovac project area is starting to define an exceptional – and large – area of nickel-cobalt anomalism in the southern part of our licence.
“We were confident the first application of modern exploration techniques at Sockovac would yield positive results. However, even at this early stage in our exploration journey we are stunned at the potential that we are discovering across Sockovac.
“Our exploration team on the ground in Bosnia-Herzegovina will continue to plan follow-up work throughout the winter period, which will more clearly define targets for our maiden drilling campaign early in 2022.”