Base and precious metals exploration company Lykos Metals Limited (ASX: LYK) has provided an exploration update for its 100%-owned Cajnice, Sinjakovo and Sockovac projects in Bosnia-Herzegovina.
The discovery of a significant outcropping copper-bearing lode at the Gramusovici locality, in the centre of the Cajnice project area, has been prioritised for follow-up drilling in early May.
The previously announced, large-scale heliborne geophysical survey will soon commence at all three projects, concurrently with ongoing soil and rock chip sampling and mapping.
Drilling at Sinjakovo and Sockovac is planned to commence after detailed review and integration of the heliborne survey results.
Lykos Metals managing director Mladen Stevanovic said, “The discovery of the copper-bearing lode at Cajnice so soon after commencing exploration is an exciting development, and one that warrants priority for follow-up drilling.
“We are excited for first drilling to commence in early May, following a longer-than-expected winter period in Bosnia-Herzegovina.
“Our systematic soil and rock chip sampling programs represent the first application of modern exploration techniques in more than 40 years at all three of our projects in Bosnia-Herzegovina. We continue to be delighted by exploration results that are indicative of high-grade base and precious metals mineralisation.
“As our knowledge of our three projects improves, we are taking an iterative approach to exploration to ensure the most effective and prudent use of Company resources.
“We keenly await the results from the imminent heliborne geophysical surveys from all three projects.”