Yugo Metals (ASX:YUG) drills shallow breccia at Sinjakovo with assays pending

Yugo Metals has provided a drilling update from its Sinjakovo Project in Bosnia and Herzegovina, where the first-ever drilling at the Erak Prospect has intersected significant polymetallic mineralisation.

This exploration success is part of Yugo Metals’ ongoing efforts to advance its projects in the Tethyan metallogenic belt, a region known for hosting large-scale gold, silver, and base metal deposits.

Highlights:

• Initial drilling at the Erak Prospect intersected ferruginous breccia with visible secondary minerals after tetrahedrite (gold-silver-copper-antimony sulphosalt).
• The best drill intersection, ERDD003, returned 7.1m of mineralised breccia (near true thickness) from 26.2m depth.
• Surface sampling at Erak has yielded up to 7.9g/t Au and 2,070g/t Ag, further highlighting the potential for gold and silver mineralisation at the site.
• Drilling results are still pending, with assays expected within four weeks. The mineralisation remains open along strike and depth, and further drilling is planned.

The drilling campaign at Erak, consisting of three diamond drillholes totalling 240m, was designed to test the down-dip extension of mineralisation previously identified through trenching, with initial results showing promising indications of polymetallic mineralisation, including gold, silver, copper, and antimony.

The reported mineralisation, particularly in drillhole ERDD003, intersects a 7.1m wide zone of ferruginous breccia with visible secondary minerals such as malachite, goethite, and stibnite, indicating the presence of primary sulphidic mineralisation at depth.

The company’s Executive Director and CEO, Petar Tomašević, stated,

“We are very pleased by the progress of our initial diamond drilling program at the Erak Prospect. The initial three drillholes have successfully intersected an encouraging width of the targeted breccia-hosted mineral system. Importantly, the drilling has confirmed the presence of minerals indicative of a robust sulphidic system at depth.”

Assay results from the drilling are expected within the next four weeks, which will further clarify the extent of the mineralisation, with the mineralisation at Erak remaining open along strike and at depth, and further drilling planned to test these extensions.

Additionally, the company intends to drill a new target 400m to the east, where previous trenching results returned 61m at 1.5g/t Au, indicating potential for further gold mineralisation.

Yugo Metals’ Sinjakovo Project is located in the Tethyan metallogenic belt, a region that has produced some of Europe’s largest and most profitable mining operations.

The project’s proximity to existing infrastructure and transport routes to Europe’s battery manufacturing supply chain adds strategic value to the exploration activities.

In the coming months, the company plans to focus on further drilling to expand the known mineralisation, applying for additional drilling permits and advancing towards a broader exploration strategy that includes testing extensions along strike and depth.

With assays pending and the system remaining open for further exploration, Yugo is well-positioned to continue its work at Erak and expand the overall resource potential of the Sinjakovo Project.

Yugo Metals will await assay results to further assess the mineralisation’s potential, with plans to expand drilling efforts.

The Sinjakovo Project’s strategic location and potential for further discovery provide a solid foundation for the company as it progresses towards more extensive exploration.

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