Thursday, 28th July 2005 (3423 views)

Eastern Mediterranean Resources Public (EMED) has been granted an exploration license in Slovakia.

The license covers a large section of the Stiavnica-Hodrusa mineral district in Slovakia and EMED will be the first company to test systematically for large bulk-mineable, near-surface disseminated styles of mineralisation in the region.

According to Mining Weekly, the Cyprus-based group has also been granted a license over the Zlatnicky prospect in Slovakia, where gold mineralisation has been discovered at surface, though the area has seen little past production or exploration.

EMED managing director Harry Anagnostaras-Adams said: "Stiavnica-Hodrusa is a world-class mineral district with huge historical polymetallic production. Remarkably, it has not been tested for several mineralisation styles that are prominent in major mines internationally, especially near-surface disseminated gold styles such as the porphyry-skarn type of mineralisation."

"Our entry into Slovakia has been a text-book case of investment being facilitated by a well organised regulatory and national administrative system," he added.

Underground mines in the Stiavnica-Hodrusa mineral district have yielded an estimated total of 2,4-million ounces of gold from narrow veins.

 

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