The Zlatusha license contains 3 primary and multiple secondary exploration targets defined by hydrothermal alteration, and/or anomalous copper and/or gold geochemistry, interpreted to be related to epithermal and porphyry environments within a potential porphyry system. The 3 main target areas are described as follows:
The first target area is defined by a deeply incised stream bed with intense quartz-sericite-pyrite and silica alteration that outcrops discontinuously over 600 metres. Rock sampling at this target area returned copper values up to 18.25% (range: 0 to 182,552 ppm) and gold values up to 8.5 g/t (range: 50 to 8,500 ppb).
The third target area measures 2.0 by 1.5 kilometres and is defined by historical rock sample geochemistry and surface alteration consisting of clay-silica-sericite associated with pyrite and trace chalcopyrite. The target area contains spatially distinct alteration and mineralization consistent with epithermal and porphyry mineral deposit environments. Alteration, mineralization, and epithermal vein textures are present at the highest topographic levels of the target area. Historical drilling from the late 1990’s (not compliant with NI 43-101) within the epithermal component of the system intercepted 11.0 metres of 4.3 g/t gold (ZL-2: 109 to 120 m) and 11 metres of 3.6 g/t gold (Zl-9A: 2.7 to 13.7 m). Exposures at the lowest topographic levels contain abundant quartz-sericite alteration and sporadic chalcopyrite disseminations. Historical rock sampling produced values up to 5.93% copper (range: 2.5 to 59,320 ppm) and 4.2 g/t gold (range: 2.5 to 4,200 ppb). The close spatial association between epithermal and porphyry environments at this target may be an indication that these systems are superimposed or telescoped.
The fourth target area contains an alteration footprint consisting of quartz-sericite-pyrite and marbleized limestone measuring at least 1.5 by 1.0 kilometres. This alteration footprint is centred on a series of northwest-trending Cretaceous dioritic intrusions that form the core of the Zlatusha land position.