Soil-sampling by
The geochemical survey focused on the Big Hill granitoid, where previous work had revealed broad zones of vein stockworking and alteration.
Numerous samples returned values of more than 1 gram gold per tonne, with a peak value of 3 grams gold. Limited chip sampling in these anomalies returned values of up to 10.7 grams gold.
The survey covered 15 sq. km and defined three parallel zones up to 600 metres wide over a strike length of 5 km. The anomalous trend remains open to the northwest and south, with some of the highest values collected on, or near, the boundary of the survey area.
Quartz-vein stockworking and brecciations in the anomalies are described as “locally intense.” The sulphide content of the veins and alteration is generally less than 0.5%.
Euromax has five gold projects in the Eastern European nation — Trun, Breznic, Popintsi, Rakitovo and Ogosta — as well as various oil and gas projects in nearby Turkey.
John Menzies, chairman and CEO, says the company was attracted to Bulgaria because of its potential for hosting sizable gold, silver and copper deposits. Other attractions were the country’s skilled workforce and “manageable” investment and resource-sector laws.
The company opened its office in Sofia in late 2002, then focused on researching previous work carried out by state agencies at various prospective properties.
“We used this [database] to build a complex geological and structural model for the region, which has been of assistance in selecting areas for acquisition,” Menzies adds.
The company has hired 19 local technical and support personnel, and is recruiting more local geologists.
Be the first to comment on "Euromax defines gold anomalies in Bulgaria"