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Beowulf ups Vadar ownership

14th October 2019

By: Creamer Media Reporter

     

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Aim-listed Beowulf Mining has increased its ownership of Kosovo explorer Vardar Minerals from 37.6% to 40.1%.

The company invested a further £115 000 in Vardar, following the board’s recent “excellent” visit to Kosovo, CEO Kurt Budge said on Monday.

Vardar is active in the prospective Tethys Arc – a region experiencing increased focus following recent porphyry-related copper/gold discoveries.

The exploration company’s licences are split in three projects Mitrovica, Viti and Drazna. Mitrovica, situated in northern Kosovo adjacent to the Stan-Terg lead/zinc/silver mine, exhibits alteration typical of porphyry-epithermal systems.

Edited by Creamer Media Reporter

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