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Avrupa Minerals (TSXV:AVU) reported results from the startup of Phase 3 drilling at its Slivovo project in Kosovo. One hole intersected 57.35 meters of 2.09 grams per tonne of gold.
As quoted in the press release:
Phase 3 drilling continues, with eight more holes now completed after SLV014. Total meters, to date, for this phase stands at 1,035 meters. Logging and sampling is underway, with samples from several holes just arriving at the assay laboratory. The following map shows the drillhole collar locations and map view traces through SLV022.
The Peshter Gossan prospect is a carbonate-hosted, intrusive-related, gold discovery in central Kosovo. In general, mineralization occurs as a multi-stage event, with the influx of gold being one of the latest stages. Gold and base metal-bearing fluids infiltrated the calcareous sediments at Peshter, which are dominated by pebble-sized conglomerates, sandstones, and minor siltstones.
Alteration, characterized by silicification, pyritization, sericitization, and decalcification, is focused in the pebble conglomerates. Late-stage formation of open spaces in the sediments and overall dolomitization of the rocks appear to have provided pathways for gold-bearing fluids to circulate through the rocks and eventually deposit metals at Peshter. Mineralization, dominated by sulfides, including pyrite, pyrrhotite, galena, sphalerite, arsenopyrite, and bismuthinite, also includes minor bismuth telluride. Native gold, ranging from ten micron to one-millimeter size grains, is interstitially associated with galena, sphalerite, bismuthinite, as free grains in quartz – calcite veins, and within the matrix of the sedimentary host rocks.
Zonation in alteration and element distribution are directly tied to a series of hornblende-biotite dikes that intrude the sedimentary sequence. Proximal to the dikes, alteration is characterized by hornfels and skarnoid formation, associated with elevated copper values. Distal to the dikes, alteration is characterized by silicification, and may be associated with elevated lead and zinc anomalism.
The following sections for SLV004 and SLV011, recently placed on the Avrupa website, illustrate the style of mineralization in SLV014. The positive results in this new hole clearly extend the continuity of mineralization to the north of the initial gold intercept in the Peshter Gossan zone. The orientation of the drilling shows that core clearly cuts highly folded mineralized sediments at an overall close-to-perpendicular angle.
Avrupa president and CEO, Paul Kuhn, said:
Drilling at Peshter continues to create exciting gold results. With nearly 2,000 meters left in the present drilling program, we will continue to evaluate the potential of the Peshter gold discovery, with the goal being to accumulate a precious metal resource robust enough to move the project forward to the next phase.
Click here to read the Avrupa Minerals (TSXV:AVU) press release
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