Lykos gold project Bosnia-Herzegovina

Lykos Metals uncovers gold-bearing ‘diatreme’ breccia at Zekil-Erak prospect

Lykos Metals (ASX:LYK) reports gold-bearing “diatreme” breccia has been identified in the first trench at the Zekil-Erak prospect as part of its 100%-owned Sinjakovo Project in Bosnia-Herzegovina.

The company notes that up to 5.78g/t gold has been returned from 15 outcrop samples from breccia collected to date.

The base and precious metals exploration company has been undertaking exploration activities at its 100% owned Sinjakovo and Cajnice projects in Bosnia-Herzegovina.

In July 2022, the company initiated a three-trench program to follow up on 4km-square gold-in-soil anomaly discovered at the Zekil and Erak localities.

During excavation of exploration trenches at the Zekil locality, the geology field team  identified a volcanic “diatreme” gold-bearing breccia complex. These breccias were promptly followed-up with sampling in the trench and over nearby outcrops.

A total of 15 samples from diatreme breccias have been collected to date, including new and recent sampling campaigns.

The company reports these samples returned results up to 5.78g/t gold (1.35g/t gold on average for 15 samples).

Commenting on the results, Lykos Metals Managing Director Mladen Stevanovic said: “Our concurrent exploration programs are well underway at the Sinjakovo and Cajnice projects.

“The Sinjakovo Project continues to surprise on the upside as our exploration program advances”

The Sinjakovo Project continues to surprise on the upside as our exploration program advances, and the company was delighted to identify volcanic “diatreme” gold-bearing  breccia complex from the first trench of the program at the Zekil Prospect.

The results from follow up sampling at Zekil were highly encouraging and, due to the shallow habitus of this gold mineralisation from surface, Lykos believes the grades could be economically interesting. We look forward to updating the market as further results come to hand.

At Cajnice, drilling is progressing well. The exploration team continues to grow its knowledge of the mineralisation in the Gramusovici Prospect.

At the Berkovici prospect, twinning of historic holes will follow up exceptionally high-grade historic lead intercepts that were not assayed for precious metals.”

The diatreme breccia complex observed in the outcrop appears as a system of several breccia dykes over 70m width. The orientation of these dykes varies from steep north-south in the upper part of the ridge to a moderately dipping northeast-trending direction on the hill slopes.

Lykos notes that trenching at Zekil is progressing well. The first trench, SICH001 has been fully excavated for 520m length and sampled to 300m; all continuous channel sampling results are pending.

The second trench SICH002 has been excavated to 140m out of 180m planned and has not been sampled yet.

Excavation of the third trench at Zekil was abandoned, as controls on gold mineralisation at Zekil are now well understood. Preparations for drill-testing at Zekil will commence in early September.

Trenching will commence mid-August at the Erak locality, to the south of the prospect.

Images: Lykos Metals Limited
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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.