wolf mountain results30 Sep 2019 08:54
"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.
"Drilling and trenching results have confirmed extensive mineralisation 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.
"Wolf Mountain is adjacent to the Zijaca lead-zinc deposit, which is situated approximately three kilometres to the southeast, and both have similar geological settings to the nearby Stan Terg lead-zinc-silver mine, which is situated approximately six kilometres to the southeast of Wolf Mountain, which dates back to the 1930s and which is estimated to have produced 34 million tonnes at 3.45 per cent lead, 2.3 per cent zinc and 80 g/t silver.
"The Wolf Mountain target is expressed on surface as a four kilometres long gossan, together with extensive hydrothermal alteration and breccia zones, which expands laterally at its northern extremity under a cap of volcanoclastic rocks.
"Vardar is planning DC-IP geophysical surveys to detect the presence of sub-surface conductive zones, which will be targeted by further drilling, aimed at intersecting potential high-grade feeder structures found in similar lead-zinc-silver deposits in Kosovo.
"Beowulf is also expecting to receive soil sampling results for the southern part of the Mitrovica licence, covering the Majdan Peak epithermal gold target and porphyry targets, and I look forward to keeping the market updated on further progress."
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