Close to the town of Bosilegrad in southeast Serbia. 570 sq.km. of licences.
Good access by forest roads, power available nearby.
Fault controlled precious +/- base metal mineralization associated with a detachment fault.
Regional exploration and prospecting underway.
Medgold holds five granted exploration licences near Bosilegrad in southeastern Serbia, covering an area of approximately 570 sq.km. Two of these make up the Tlamino Project, currently under option to Fortuna Silver Mines, and the other three make up the Ljubata Project.
The Company has an extensive historical exploration data set covering parts of the licence areas, including regional stream sediment sampling results with gold anomalies, detailed soil sampling grids over historical showings and rock chip results. In 2017, field crews undertook licence-wide reconnaissance over the three licences of the Ljubata Project, which included stream sediment sampling programs, reconnaissance mapping, and rock-chip sampling.
Medgold completed ridge-and-spur soil sampling tracing the inferred extension of a major low-angle detachment fault (2,096 samples at a spacing of 100m) which is thought to have an important association with both gold-silver and lead-zinc mineralization in the region. The program identified two areas of strongly elevated multi-element geochemistry.
- A 3 km by 1 km Au+As+Pb+Zn anomaly on the western flanks of the Crnook Dome within the Ljubata licence. It occurs close to a calcareous schist and may be geologically similar to the Karamanica target, 15 km to the southeast.
- A 2 km by 1.5 km Au+As+Cu+Pb+Zn anomaly located on the northern edge of the Crnook Dome, also with the Ljubata licence.
Medgold’s field crews will follow up these and other smaller anomalies with soil sample grids, and if justified, ground geophysics.