(Alliance News) - Beowulf Mining PLC said on Tuesday results have confirmed lead-zinc-silver mineralisation at the Wolf Mountain target situated in the Mitrovica project, northern Kosovo.
Drilling and trenching results have confirmed "extensive" lead-zinc-silver mineralisation over over an area of 800 metres in length and 400 metres in width in the northern part of Wolf Mountain, with significant potential for high-grade feeder structures.
"We are excited about the results of Vardar's 2019 exploration programme, which demonstrate that the Wolf Mountain target has potential for economic mineralisation within an extensive lead-zinc mineralised system," said Beowulf Chief Executive Kurt Budge.
Beowulf has a 37.6% stake in Vardar, with an option to raise its interest to 40% by spending GBP115,000. Vardar is exploring the Mitrovica and Viti projects, both of which are located in Kosovo.
Beowulf shares were untraded at 6.125 pence in London on Tuesday.
By Lucy Heming; lucyheming@alliancenews.com
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Beowulf (BEM)