The Vrechia Project is situated in the southwestern Troodos Mountains covering ancient sea-floor volcanic units which are prospective for massive sulphide bodies containing copper, zinc, gold and silver. The most advanced prospect is Mala where a modest open-cut mine was developed in the 1980’s. A broad area around the old mine has gossan outcrops suggesting a large mineralised system. In 2014, BMG completed 13 drillholes at Mala and discovered extensions to the historic high-grade copper-zinc and showed it to be associated with high-grade gold and silver (see ASX 09/09/2014, 24/09/2014). The best results at Mala were:
25 m at 1.23 g/t gold, 0.34 % copper, 1.16 % zinc, 4.2 g/t silver from 46 m (MALRC007),
- including 6 m @ 3.70 g/t gold, 0.41 % copper, 4.10 % zinc, 11.3 g/t silver from 46 m,
39 m at 0.59 g/t gold, 0.39 % copper, 0.30 % zinc, 1.7 g/t silver from 33 m (MALRC004),
- including 5 m @ 2.15 g/t gold, 0.23 % copper, 1.80 % zinc, 5.1 g/t silver from 37 m,
The high-grade mineralisation at Mala is relatively flat-lying and is open in all directions along strike Current work includes defining drill targets to enlarge the known high-grade envelope and identify new high-grade zones in the immediate area. Exploration is also continuing elsewhere in the Vrechia Project, especially at Sarka where there is a large ancient slag heap with no known mine.