Slivovo, central Kosovo

The Slivovo exploration license is located approximately 15 km southeast of the capital Prishtine, and just five kilometers from the Company’s core storage facility.  Avrupa geologists discovered an outcropping gossan zone, 200 meters long x 100 meters wide x 75 meters in elevation, near the village of Pester in late 2011, and immediately submitted an exploration permit application.  The Kosovo mining authority (ICMM) issued the license in June 2012, and it covers slightly more than 15.1 km2.

Geological evaluation of the gossan zone indicates that it is probably near-vertical in position, and occupies a zone of intersecting NE- and NW-trending structural features.  A total of 22 rock samples were collected directly in the gossan and returned the following metal values of significant interest:

10 of 22 Au results greater than 1 ppm and up to 12.25 g/t
  6 of 22 Ag results greater than 10 ppm and up to 41.8 ppm
10 of 22 Pb results greater than 1000 ppm and up to 6110 ppm
20 of 22 Zn results greater than 1000 ppm and up to 8960 ppm

Results from first-pass reconnaissance soil sampling suggested potential for extension of the outcropping gossan mineralization, and further follow-up sampling assisted in discovery of two separate gold-bearing targets.  One zone of anomalous gold results surrounds the gossan zone and measures approximately 500 x 150 meters.  Here, gold in soil results ranged up to 1,435 ppb Au.  A second zone containing anomalous gold values, approximately 900 x 150 meters in size, appears to relate to a subcropping, north-south striking, altered, calcareous sandstone rock unit and possibly to subcropping, altered intrusive rocks.  Here, gold in soil values ranged to 1,420 ppb Au, with 14 gold results returning with greater than 250 ppb Au.  The Company is planning a trenching program for Q1 2013, after winter conditions subside.

After evaluating the gossan zone Avrupa geologists collected a further 86 rock samples around the entire Pester target area.  Twenty-four of these samples carried greater than 100 ppb Au, with 11 of these having gold values greater than 500 ppb Au, and seven having gold values greater than 1 ppm Au.  One sample of brecciated, stockwork-veined sandstone had a value of 128.5 g/t gold.

Exploration work in the Pester area, and on the Slivovo license, in general, is still in the earliest stages.  Further work, including detailed mapping, additional sampling, and possibly ground geophysics, is planned for Q1 2013, when the field season typically starts in this area of Kosovo.  Drilling is already warranted in the gossan zone, and more drilling targets are likely in the Pester area.

Following are summaries of the gold, lead, and zinc geochemistry at Slivovo, starting with property-wide stream sediment geochemistry, followed by Pester target area soil and rock sample results, and ending with rock sample results from the Pester gossan zone.


Results for gold in stream sediment sampling, Slivovo license


Results for lead in stream sediment sampling, Slivovo license


Results for zinc in stream sediment sampling, Slivovo license


Results for gold in soils and rocks in the Pester area


Results for lead in soils and rocks in the Pester area


Results for zinc in soils and rocks in the Pester area


Gold results in the gossan zone at the Pester prospect


Total lead-zinc in the gossan zone at the Pester prospect