COMMODITY CAPERS: Balkan Mining and Minerals (ASX: BMM) is eager to demonstrate to the investment community that not all lithium deposits are found in Western Australia.
Balkan Mining listed in July spouting exploration intentions focused on the early-stage exploration through to development of borate and associated lithium in the Balkans.
The company’s projects comprise the Rekovac, Dobrinja and Pranjani lithium-borate projects, all of which are located within the Republic of Serbia.
Soon after listing, Balkan commenced its 2021 exploration season at its Rekovac lithium–borate project, located in the Vardar Zone of Serbia.
The field season will involve detailed LithoFacies mapping of the license area, measuring magnetic susceptibility and bulk density over the length of the Rekovac diamond drill core.
Other work is to include detailed geophysics including gravity and ground magnetic surveying.
The company considers the mapping program important to providing greater understanding of lateral extensions that were previously identified, the permissive lacustrine boratiferous sequences and the closely demarcate areas with evaporate occurrences at surface.
These results will be used to guide in the effective selection of drilling locations.
In conjunction with the mapping program, Balkan is undertaking measurement of magnetic susceptibility and bulk density over the existing drill core.
This data will be used to facilitate the precise interpretation of the geophysical survey, which is planned to commence in the first week of September 2021.
Once contract terms are finalised, Balkan anticipates commencing its drilling campaign, which is planned for late September 2021.
“Following our successful listing the Balkan team has wasted no time in commencing exploration work on our Serbian lithium-borate projects,” Balkan Mining and Minerals managing director Ross Cotton said.
“Serbia is an exciting location for mineral exploration which has been demonstrated by the significant investment from a number of the world’s leading mining groups.
“Previous drilling conducted by Jadar Resources Limited has provided a valuable starting point for our exploration activities, it’s now a matter of building on this foundation to identify targets for higher-grade zones of mineralisation.
“We are committed to building strong local relationships and we have continued to bolster our in-country team who share our vision of creating shareholder value through co-operation, commitment and hard work.”