The general director of the company Lykos Balkan Metals, Milos Bosnjakovic, announced that the previous laboratory results of geological research in the area of the municipality of Jezero showed high pressense of gold.
”At three locations on the territory of the municipality of Jezero, high gold contents were confirmed at the contacts of different lithological units, up to an incredible 27.5 grams per ton in a continuity of as much as 60 meters, which is an unusually high pressense even for world-famous gold mines,” said Bosnjakovic.
Lykos Balkan Metals, a company listed on the Australian Stock Exchange, has been conducting geological research in the area of Jezero, in the west of Bosnia and Herzegovina (BiH), through its daughter company SNK Metali, since last year. It initially provided 15.5 million BAM for projects in the Republika Srpska (RS).
Examination of samples
Examination of samples in an accredited laboratory revealed a very high potential for continued geological research, and this geological potential of this area is also an investment potential significant for the development of not only this municipality, but also the improvement of the quality of life of the inhabitants and the improvement of economic conditions in the wider area.
Although it is an early phase of the research, it was said from Lykos that these results can be considered one of the best in the whole of BiH, as well as the Balkans. In 2023, the company is expected to invest more than 60 million BAM in the municipality of Jezero alone.
Amount of ore
Detailed information on the deposit, concentration and quantity of this ore will require years of detailed work on the site.
Therefore, the management of Lykos Balkan Metals invites the Government of the RS to get involved in supporting the implementation of this foreign investment, in order to achieve the maximum effect on the further economic development of the RS, as well as BiH as a whole, Avaz reports.