Overview

In addition to the six veins on which drilling has taken place, a further two veins with associated polymetallic mineralisation were investigated with an additional two veins exhibiting gold, silver, and antimony mineralisation

The 10km2Piciorul Zimbrului prospecting Permit is located in the Zagra-Telciu area in Bistrita-Nasaud County of Romania and lies adjacent to Vast’s Magura Neagra licence.  Following initial prospecting work Vast has undertaken a drilling programme focussing on six previously identified veins with associated copper and gold mineralisation along an underground drive developed for 820m at an elevation of 835m above main sea level.  If the results are as expected this will enable the Company to apply for a full exploration licence.

Previous exploration activities, conducted by IPEG Cluj, the former state exploration company, included 1,200m of underground development and underground diamond drilling, along with 862m surface diamond drilling and geological mapping over an area of 4.0km2.  Several trenches and pits totalling 238m and 3,484m3 were excavated on surface.

In addition to the six veins on which drilling has taken place, a further two veins with associated polymetallic mineralisation were investigated with an additional two veins exhibiting gold, silver, and antimony mineralisation, which were encountered in the underground development at an elevation of +950m amsl.

All the veins are hosted within Paleocene sandstones and the full extent of the veins has not been defined. Mention is made in literature of exploration activities undertaken in 1981 for disseminated porphyry copper in the silicified sandstones.

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Zagra & Remin Presentation – 2019

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