Project area hosts outcropping mineralised zones which have thus far not been investigated in detail
License is located adjacent to a historical Skan/CRD deposit and numerous outcropping mineralised gossans with no explanation for source of mineralisation
No previous exploration targeting blind porphyries
Well-developed infrastructure with rail, water and power available within the license area
Targeting blind porphyry, epithermal and skarn style mineralisation
Currently owned by Balkan Mineral Corporation DOO (Local Serbian company)
Transfer to Raiden Resources (100%) in progress
Porphyry / Epithermal and Skarn mineralisation
The Zupa project is located in the far west of Serbia at the administrative border with Montenegro. The area has a well-developed road network, with key transport routes to the Serbian-Montenegrin border crossing, as well as, to the smelter located in Bor. The project has generally good access throughout the permit area.
The Zupa project is located in a distinct geological terrane from the Companies other 5 projects. The far western region of Serbia related to the tenure is dominated by an Ophiolite Belt, manifest as outcropping Serpentinite in the northeast. A tectonic margin is represented by a buried structural corridor at A-A’(map below), west of which the terrane is known as the East Bosnian-Dormitor Block (Jelenkovic et al., 2008). Together these two domains form the Dinaric Metallogenic Province (DMP).
The East Bosnian-Dormitor Block comprises Triassic sedimentary rocks, limestones, and volcanics (Jelenkovic et al., 2008), and, although these differ in age to the Bor Metallogenic Zone in the east, they are considered prospective for analogous deposit styles.
Zupa Project Geology
The Zupa project is dominated by Carboniferous-age meta-sandstones in structural and unconformable contact with Triassic limestones and volcanics. A NW striking structural corridor occurs in the western portion of the project, potentially analogous to the structure just outside the project to the northeast, and labelled as A-A’ in the map below. The western structure occurs proximal to a mapped area of pyritic alteration, indicative of hydrothermal alteration. Note that this is also observed in the A-A’ structure, which also controls skarn-type (Cu-Au-Zn-Pb) mineralization at the Cadinje deposit to the north of the Company’s Zupa project.