Balamara secures exploration concession in the Balkans
JOHANNESBURG (miningweekly.com) – ASX-listed Balamara Resources’ 80%-owned subsidiary Western Mining Doo has been awarded a highly prospective exploration concession in the Balkans.
Balamara would, during the next quarter, plan an initial exploration programme for the 50 km2 concession area, known as the Rajkovići- Selište-Čelebići orefield and abbreviated by the company to the RSC project, with drilling expected to start during the second half of 2013.
Historical exploration and data have revealed evidence of many occurrences of high zinc, lead and silver content in the region.
“This is a valuable new exploration project to bring into the company, and we are excited to have the opportunity to explore for a similar style of zinc/lead/silver mineralisation to that which underpins the adjacent Suplja Stijena mining operation,” said Balamara MD Mike Ralston.
The RSC project, which was situated adjacent to the Suplja Stijena zinc/lead mine, in north-western Montenegro, held the potential to contribute ore into Suplja Stijena processing facilities. Further exploration work would determine the viability of the concept.
Supjla Stijena mine, which had significant resources and reserves of zinc, lead and copper with some gold and silver, produced about 17 000 t/y of zinc and 5 000 t/y of lead.
Further, the RSC project was placed halfway between Balamara’s current projects – the Monty zinc/lead/silver project, in Montenegro, and the Varesh zinc/lead/silver project, in Bosnia-Herzegovina.
This, the company believed, could add synergistic value as the projects were developed as part of a larger, long-term regional consolidated base-metals production strategy.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.
VISIT SHOWROOM
Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
