Battery and precious metals exploration company Lykos Metals Limited (ASX: LYK) is pleased to provide an update on soil sampling programs at its 100%-owned Sockovac and Sinjakovo projects in Bosnia-Herzegovina.
At the Sockovac Nickel-Cobalt Project, Lykos has substantially advanced a first-pass 200x200m soil sampling program across its extended licence area while a maiden soil sampling campaign at the Sinjakovo Copper-Gold Project has identified two new exploration targets.
Initial results from the 789-sample program at Sockovac delivered highly encouraging signs of nickel and cobalt mineralisation in areas adjacent to the original soil sampling area. The data collected will allow Lykos to develop a much deeper understanding of the potential nickel and cobalt mineralisation in the area and assist with the planning of drilling programs. Having considered the implications of the new soil anomalies and their weighting towards the west of the location of historic drilling, Lykos has determined it prudent to reschedule the proposed drilling at Sockovac until early 2022, by when it will have fully interpreted the soil sample data across the enlarged licence area.
At Sinjakovo, as previously reported, the first-ever soil sampling campaign has identified two new targets (aside from the historic copper mine Sinjakovo) – an elongated, 1.8km-long copper anomaly in the central part of the tenement and 2x1km gold anomaly in the south-eastern part of the tenement. These two areas have been in-filled from 200x200m to a 100x100m sampling grid (see Figures 3 & 4). Following a sudden cold weather front bringing heavy snow falls across Bosnia-Herzegovina in late November, further field work at Sinjakovo will now be postponed until the northern hemisphere spring season.
“Results from the soil sampling program at the newly acquired licence at Sockovac show significant potential for nickel and cobalt mineralisation and, as such, have given cause for Lykos to reassess drilling priorities in the project area as a whole in order to maximise the value of the drilling expenditure to the overall geological program,” Lykos managing director Mladen Stevanovic said.
“At Sinjakovo, the primary exploration target remains the historic copper mine and the strike-extent of lithology hosting copper mineralisation. However, the first-ever soil sampling results have revealed previously unidentified sizeable copper and gold anomalies that warrant further investigation.
“Lykos’ 2021 geochemical survey program has been a tremendous success. It has identified previously unknown significant-size gold, copper, nickel and cobalt anomalies in terrains that have never been tested using modern exploration techniques.
“We are busy preparing for our airborne geophysical program in 2022, which will provide direction for our exploration activities across all three projects and ensure we enter the New Year with some positive momentum.”