The Majdan Peak gold (“Au”) target is defined by a zone of intense argillic alteration capped by an extensive blanket of advanced argillic alteration and silicification which forms the hilltop. The target shares many characteristics of a high-sulphidation epithermal gold system, with distinct gold anomalies, including rock grab sample results of up to 7.2 g/t, associated with gossanous zones of vughy quartz.
In June 2020, soil sampling was conducted on a 50 m x 50 m grid, covering an area of approximately 2.0 km x 1.5 km. A total of 726 samples were sent to ALS Bor in Serbia for processing and fire assay (ALS code ICP-22), which included sample replicates, duplicates, blanks, and control source material. A pXRF was used for multi-element analysis.
An extensive gold anomaly was identified over an area approximately 1400 metres x 700 metres, with individual soil samples returning up to 0.36 grammes per tonne (“g/t”) Au. The elevated gold in soils correlates well with anomalous Arsenic (As), Copper (Cu), Lead (Pb), Mercury (Hg), Strontium (Sr) and Antimony (Sb). Geological mapping has shown the presence of extensive hydrothermal alteration including advanced argillic alteration and silicification. The scale and size of the anomaly, together with coincidental multi-element anomalies and extensive alteration, are comparable to significant high-sulphidation epithermal gold deposits within the region.