Another Exploration Licence Granted

We are delighted to announce that Drina Resources d.o.o Banja Luka was granted another exploration licence in the Srebrenica mining district of eastern Bosnia. The Republic of Srpska Ministry of Mines granted an area of 49 km2, internally named Čauš, to the Company for the purpose of exploring polymetallic resources. This competes our land tenure package and a hold over the prospective magmatic complex hosting the operating Sase mine and featuring the target, Oligo-Miocene host lithologies.

Additionally, our field teams have been deployed anew to execute on a 1,750-sample soil sampling program covering the majority of the Čumavići and Olivine licences. The survey was conducted on a 250×250 m grid combined with a ridge-and-spur sampling at the eastern Olovine target near the locality of Brezovice. The soil samples processed by the regional ALS Global office in Bor, Serbia where they are subject to aqua regia digest followed by an ICP MS analysis coupled with a fire assay Au finish.