Base and precious metals exploration company Lykos Metals (ASX: LYK) has provided an update on activities at its 100% owned Sinjakovo, Cajnice and Sockovac projects in Bosnia-Herzegovina and quarterly activities report for the period ended 30 June 2022.
Exploration at both Sinjakovo and Cajnice has progressed solidly through the June quarter resulting in a growing understanding of existing prospects and the identification of a number of new prospects on both tenement areas. Initial drill testing is planned for all identified prospects by year-end to prioritise targets for works in the next year.
HIGHLIGHTS:
Sinjakovo Project
- RDK Prospect: second hole complete, intersecting 1m wide massive sulphide from 74m down-hole depth (NE of the historic mine) – all assay results pending – first results expected late-July
- Zekil-Erak Prospect: eight-trench program progressing well, first trench excavated complete – all assay results pending
- Surface rock chips returned up to 6.94 g/t gold, 183 g/t silver, 4.11% copper and 1.33% antimony
- Final soil infill results returned up to 1.66 g/t gold in soil •
- New prospects identified:
- Kovacevac Prospect: rock chips assaying up to 12.15 % zinc, 3.93 % lead and 510 g/t silver
- Bag: rock chips assaying up to 4.06 % zinc, >20 % lead and 388 g/t silver.
- Krajevi Prospect: soil sampling at newly granted tenement Jezero return encouraging results. In-fill soil sampling is in progress
Cajnice Project
- Gramusovici Prospect: Six holes completed to date. Hole CADD006 has intersected 4.7m with sulphides. All assay results pending
- Berkovici Prospect: preparation underway to twin-drill four historic drillholes targeting previously reported base metals mineralisation
- New prospects identified:
- Majdan Prospect: rock-chips from old quarry up to 1.91 g/t gold, 220 g/t silver and 13% lead. Soil sampling above the quarry returned up to 2.61 g/t gold and 177 g/t silver
- Braha Prospect: rock chip results up to 2.78% lead and 51 g/t silver o Bandiera: coinciding electro-magnetic conductivity with a large copper-lead-zinc soil anomaly
