Base and precious metals exploration company Lykos Metals Limited (ASX: LYK) (Lykos or the Company) is pleased to present an exploration update for its 100%-owned Sockovac and Sinjakovo projects in Bosnia-Herzegovina.
HIGHLIGHTS:
- Lykos completes first-ever systematic soil and surface sampling programs at Sockovac and Sinjakovo projects.
- Sockovac nickel-cobalt project – newly identified nickel- and cobalt- in soil anomaly increases to 13km2 in size. Additional surface sampling underway to further refine the geological understanding of the project ahead of the maiden drilling program.
- Sinjakovo copper-gold project – all infill soil samples returned, with results of up to 1.6 g/t gold and 0.58% copper. Size and grade of gold-copper surface anomaly suggestive of a potentially significant target. Preparation underway for a trenching program ahead of the maiden drilling program.
- Geophysical surveys planned for both Sockovac and Sinjakovo.
Sockovac Project
Results received from an additional 191 soil samples from the extended Sockovac license area (refer to the ASX announcement dated 21 December 2021) have further extended the size of the nickel-cobalt soil anomaly to cover an area of over 13km2. Almost all of these samples reported >0.1% nickel and >100g/t cobalt in soil. Further soil sampling is underway, focusing on a number of outcropping rock horizons. The results of this sampling program will aid the Company’s geologists to build up a detailed geological picture of the license area.
The anomaly remains open to the south where 66 soil sampling results are pending.
This systematic geological work and exploration targeting program will inform the maiden drilling campaign.
Drilling will test for potential nickel-cobalt sulphide targets in the south of the license area, as well as twinning historical high-grade nickel intercepts in the original Sockovac license area. Furthermore, a trenching program will test the newly discovered, very high-grade silvergold-zinc-lead outcrop which was announced by the Company in late December 2021 (also refer to the ASX announcement dated 21 December 2021).
