RNS Number : 3936C
Aurasian Minerals PLC
28 June 2016
AURASIAN MINERALS COMMENCES DRILLING ON CHADINE POLYMETALIC PROJECT, SERBIA
June 28, 2016
AURASIAN Minerals plc ("Aurasian" or the "Company") is pleased to announce that it has commenced drilling on its Chadine Polymetallic project located in Serbia. The initial plan is to drill approximately 1200 meters of diamond core in 6 to 8 drill holes into and down dip of the historical resource calculated by the Yugoslav Geological Survey. The purpose of this drill program is to both confirm previous non-compliant work completed by the Yugoslav geological survey and to test for the presence of precious metals silver and gold within the mineralisation. Management believes that both silver and gold present within the system but were either not assayed for routinely or had unreliable results in previous drilling campaigns.
Additionally up to 6 drill holes will be drilled down dip of the known non-compliant resource to test for continuity at depth. All drill core will be assayed by ALS laboratories with a lab located in Romania.
Peter Mullens CEO of Aurasian commented, "We are excited by our first drill program in Serbia. This is the commencement of a new phase of exploration in The Balkans. Work continues on identifying opportunities throughout the Balkans region with an emphasis on precious metals and polymetallic projects. Hence Aurasian Minerals is moving Chadine forward to identify a significant resource but also reviewing many other opportunities located within the Balkans regions of Eastern Europe."
Due diligence is continuing on the Gokcinica gold project and a decision to move forward on this project is expected in due course.
ABOUT AURASIAN MINERALS
Aurasian Minerals PLC is an AIM listed junior exploration company exploring for copper and gold. Aurasian has an experienced board and technical team headed up by Chris Goss previously leader in project finance for emerging markets for the IFC, International Finance Corporation. Currently they hold the Chadine polymetallic project located in Serbia which has an historical non-compliant resource, calculated by the Yugoslav Geological Survey, of 7.7 million tons of 1.1 % Cu, 2.6 % Zn, 1.0 % Pb plus Au and Ag credits.
For further information please contact:
Aurasian Minerals Plc
Peter Mullens (CEO) firstname.lastname@example.org
finnCap Limited - Nominated adviser
Christopher Raggett / Scott Mathieson +44 (0)20 7220 0500
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