Battery and precious metals exploration company Lykos Metals Limited (ASX: LYK) is pleased to report encouraging results from first-pass geochemical sampling at its 100% owned Sockovac nickel-cobalt and Sinjakovo copper exploration projects in Republika Srpska, Bosnia and Herzegovina.
Lykos has completed soil and rock chip sampling across its Sockovac and Sinjakovo projects and collected, in total, 1,710 soil samples on 200m x 200m grids and 241 rock chip samples.
At Sockovac, 40 soil samples recorded over 1,000ppm nickel including up to 4,960ppm (0.5% Ni) while 47 samples recorded over 100ppm cobalt including up to 254ppm. Also, 27 rock chip samples recorded over 0.1% Ni including up to 0.24% 13 samples recovered over 100ppm Co including up to 225ppm.
At Sinjakovo, 32 soil samples recorded over 100ppm copper including up to 1,670ppm (0.17% Cu), 16 samples over 100ppb gold including up to 2,080ppb (2.08 g/t Au) and 10 samples over 1ppm silver including up to 18.7ppm (18.7 g/t Ag). Also, five rock chip samples recorded over 0.1% copper including up to 4.42% and six samples recorded over 0.1 g/t gold including up to 0.83 g/t.
Lykos Metals Managing Director Mladen Stevanovic said:
“As promised in the lead-up to our successful listing on the ASX, Lykos has immediately commenced an aggressive, systematic, ground-up exploration program at the Sockovac and Sinjakovo projects, with the outcomes increasing our confidence in their prospectivity for battery and precious metals. The work completed so far included receiving and analysing the assays of the remaining first-pass soil sampling results at Sockovac and Sinjakovo, which have been announced today, and represent the first step in a very exciting journey for Lykos as a listed company and a significant milestone for our projects in Bosnia and Herzegovina.”