Minrex Resources has announced promising initial assay results from its 2026 drilling programme at the Barje deposit, a key component of the Tlamino gold-silver project in Serbia. The results highlight the potential for low-cost, high-margin growth, confirming the presence of shallow, high-grade gold and silver mineralisation. All nine holes drilled within the resource envelope intersected gold-silver, with the deposit estimated to contain 670,000 ounces of gold equivalent. The company has expanded its drill programme to approximately 9,000 metres to further explore both resource delineation and greenfield opportunities.
CEO Max Piirto expressed confidence in the results, stating that they validate the geological model and demonstrate the continuity of high-grade mineralisation. Significant intercepts include 11.4 metres at 1.09 grams per tonne (g/t) gold equivalent from surface, and 10.6 metres at 4.04 g/t from a depth of 37.1 metres. The Barje deposit’s high-grade zone, which contains 470,000 ounces at 4.7 g/t, is particularly noteworthy, as it represents around 70% of the total resource despite comprising only 45% of the tonnage.
The drilling results have also revealed that most mineralisation is located within 60 vertical metres of the surface, which is advantageous for future mining operations. Minrex is currently drilling into the deeper, thicker parts of the deposit and has expanded its greenfield programme to test the Barje-Liska corridor, a promising area that has not been systematically drilled before.
In addition to the drilling activities, Minrex has initiated an environmental baseline study to support its permitting process, which is crucial for the development timeline of the project. The company is moving quickly, having only recently acquired the Barje asset, and aims to confirm the continuity of the mineralised system along the corridor.
As the drilling programme progresses, assays for fourteen additional holes are pending, with results expected in September. The company’s strategic approach aims to replicate the success of the Barje deposit along the corridor, marking a significant step forward in Minrex’s exploration efforts in Serbia.
