https://www.miningweekly.com
Exploration|Gold|Health|Safety|Drilling
Exploration|Gold|Health|Safety|Drilling
exploration|gold|health|safety|drilling

Beowulf, Vardar invest further in Kosovo soil sampling programme

25th March 2020

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Aim-listed Beowulf has provided investment alongside founders and existing shareholders in Vardar Minerals to fund a soil sampling programme across the Madjan Peak gold target, at Vardar’s Mitrovica licence, in Kosovo.

Beowulf is investing £30 000, while Vardar shareholders are investing £40 000.

Beowulf maintains its 42.2% interest in Vardar.

The exploration works will continue within permitted guidelines during Covid-19 restrictions ordered by the State.

The Madjan Peak gold target has returned anomalous gold and silver assays along the eastern margin of the licence, which corresponds with previously mapped advanced argillic alteration, which were identified during historic gold workings and samples.

“While we have had to modify our current exploration plans for 2020 due to Covid-19, we are scheduling whatever works we can while adhering to local regulations, health and safety protocols.

“Completing the soil sampling and magnetic survey will get us significantly closer to the planned 2020 drill campaign with only the induced polarisation survey to be completed prior to drilling,” says Vardar exploration manager Adam Wooldridge.

He adds that the new data will significantly advance the companies' understanding of the existing seven exploration targets on the company’s Kosovo licences, and may yield additional, unidentified targets.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.145 0.181s - 108pq - 2rq
Subscribe Now