Yugo Metals has intersected gold across multiple holes in its first drilling campaign at the Erak prospect within the Sinjakovo Project in Bosnia and Herzegovina, with CEO Petar Tomašević declaring the results confirm a genuine gold discovery.
Five holes totalling 632 metres have been drilled to date, returning intervals including 4 metres at 1.2 grams per tonne gold from 101 metres, 4 metres at 1.9 grams per tonne from 105.1 metres, 8 metres at 1.2 grams per tonne gold equivalent from 26.1 metres, and 3 metres at 0.9 grams per tonne from 107.4 metres. The gold-bearing mineralisation is associated with phyllic alteration striking east-west, dipping north, and open in all directions. Drilling has also intersected gold-silver-copper-antimony mineralisation of up to 8 metres at 1.2 grams per tonne gold equivalent, including intervals carrying 40 grams per tonne silver, 0.6% copper and 0.25% antimony.
Two further holes — ERDD005 and ERDD006 — have intersected alteration zones of 23 metres and 34 metres respectively, with assay results still pending from the laboratory in six to eight weeks. Tomašević noted that the thickest alteration intervals are among those still awaiting results, suggesting the overall system could grow considerably.
The drill rig has now moved to pad three to test a previous trenching result of 61 metres at 1.5 grams per tonne gold at surface — the company’s strongest surface result to date. Further drilling is planned in the western area before the rig relocates to the eastern section of Erak.
The Sinjakovo Project spans 80 square kilometres across two tenements in Republika Srpska and targets gold, antimony, silver, copper, cobalt, zinc and lead across multiple prospects.
