Leviathan Gold: Uncovering Hidden Treasures in Bosnia and Herzegovina
Monday, Nov 25, 2024 10:24 am ET
2min read Leviathan Gold, a company known for its strategic acquisitions and mineral exploration, has recently announced plans to acquire a significant mineral exploration land package in Bosnia and Herzegovina. This move, while seemingly bold, aligns with the company's core investment values, which emphasize stability, predictability, and consistent growth. Here's why this acquisition is a compelling addition to Leviathan's portfolio.
The Foča Project, which Leviathan is set to acquire, covers a highly prospective land package in an under-explored mineral belt between the Rupice Mine and the Trepča Mines of Kosovo. This region is rich in mineral occurrences, with historic production and known mineral resources. The project lies within the Central Dinaride metallogenic zone of the Western Tethyan Belt, sharing closely comparable age and host lithology with successful deposits like Vareš.
The Foča Project hosts a series of silver and base metal targets, tentatively considered to be of sedimentary exhalative or related origin. These targets hold great potential, given the region's rich mining history and the proximity to established polymetallic deposits. The project's geology and metallogenic history are reminiscent of successful mineral deposits in the region, such as Vareš and Trepča Mines.
Historic drilling and rock chip sampling at the Vrela Prospect have returned promising results, with an average mineralized thickness of 15 meters at 13.25% Pb+Zn over three diamond drill holes. Recent rock chip sampling has yielded grades up to 347 g/t Ag, 10.1% Pb, and 40% Zn, further validating the project's prospectivity. Soil sampling has identified continuous base metal anomalism for over 2 kilometers beyond the area of historic drilling, suggesting significant untapped potential.
Leviathan's acquisition of the Foča Project, with its large land package and multiple exploration licenses, provides an excellent opportunity for the company to leverage its expertise in mineral exploration. The company can prioritize and sequence exploration activities strategically, targeting the most promising areas with sedimentary exhalative or related origins, like the Vrela Prospect. By combining geological insights with systematic exploration methods, Leviathan can optimize its chances of discovery while minimizing risks.
The Foča Project's geological diversity complements Leviathan Gold's existing exploration projects in Victoria, Australia. While Leviathan's Australian projects focus on hard rock surface gold occurrences and historic mine workings, the Foča Project offers contrasting mineralization types and geological settings. This diversification reduces risk and potential for resource duplication, allowing Leviathan to explore different mineralization styles and geological environments.
In conclusion, Leviathan Gold's acquisition of the Foča Project in Bosnia and Herzegovina is a strategic move that aligns with the company's core investment values. The project's geology, metallogenic history, and promising exploration results present a unique opportunity for Leviathan to uncover hidden treasures and create value for its shareholders. By leveraging its expertise and applying systematic exploration methods, Leviathan can unlock the full potential of the Foča Project and enhance its position in the global mineral exploration landscape.
The Foča Project, which Leviathan is set to acquire, covers a highly prospective land package in an under-explored mineral belt between the Rupice Mine and the Trepča Mines of Kosovo. This region is rich in mineral occurrences, with historic production and known mineral resources. The project lies within the Central Dinaride metallogenic zone of the Western Tethyan Belt, sharing closely comparable age and host lithology with successful deposits like Vareš.
The Foča Project hosts a series of silver and base metal targets, tentatively considered to be of sedimentary exhalative or related origin. These targets hold great potential, given the region's rich mining history and the proximity to established polymetallic deposits. The project's geology and metallogenic history are reminiscent of successful mineral deposits in the region, such as Vareš and Trepča Mines.
Historic drilling and rock chip sampling at the Vrela Prospect have returned promising results, with an average mineralized thickness of 15 meters at 13.25% Pb+Zn over three diamond drill holes. Recent rock chip sampling has yielded grades up to 347 g/t Ag, 10.1% Pb, and 40% Zn, further validating the project's prospectivity. Soil sampling has identified continuous base metal anomalism for over 2 kilometers beyond the area of historic drilling, suggesting significant untapped potential.
Leviathan's acquisition of the Foča Project, with its large land package and multiple exploration licenses, provides an excellent opportunity for the company to leverage its expertise in mineral exploration. The company can prioritize and sequence exploration activities strategically, targeting the most promising areas with sedimentary exhalative or related origins, like the Vrela Prospect. By combining geological insights with systematic exploration methods, Leviathan can optimize its chances of discovery while minimizing risks.
The Foča Project's geological diversity complements Leviathan Gold's existing exploration projects in Victoria, Australia. While Leviathan's Australian projects focus on hard rock surface gold occurrences and historic mine workings, the Foča Project offers contrasting mineralization types and geological settings. This diversification reduces risk and potential for resource duplication, allowing Leviathan to explore different mineralization styles and geological environments.
In conclusion, Leviathan Gold's acquisition of the Foča Project in Bosnia and Herzegovina is a strategic move that aligns with the company's core investment values. The project's geology, metallogenic history, and promising exploration results present a unique opportunity for Leviathan to uncover hidden treasures and create value for its shareholders. By leveraging its expertise and applying systematic exploration methods, Leviathan can unlock the full potential of the Foča Project and enhance its position in the global mineral exploration landscape.
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