Stara planina

Key Facts

Ownership: Currently owned by Geoconsulting Studio DOO (Local Serbian company)

Status: Raiden Resources entered into a Joint Venture - path to 100% ownership

Permit Size: 63Km2

Targets: Porphyry / Epithermal and Intrusion Related Cu-Au mineralisation

 

Project Highlights

• Historical exploration defined porphyry/intrusion related style anomalies

• Historical Aljin Do mine located within the permit area which reportedly produced high grade Au-Cu-Bi mineralisation

 

The Stara Planina project is located approximately 200km southeast of Belgrade, and 10km from the town of Knjaževac, with a municipal population of ca. 35,000. Nearby local infrastructure and amenities will provide all the support required for the forthcoming exploration program.

Access is generally good throughout the project, with a tarred road runs through the middle of the permit area. Several dirt roads, which includes forest tracks, are present and can be readily negotiated with a 4-wheel drive vehicle. A railway line is less than 30km away.

Figure 1 - Stara Planina project location

Stara Planina Local Geology

The Stara Planina Exploration Permit covers an inlier of Palaeozoic gabbros intruded by Permo-Carboniferous graniodiorite. The permit contains known vein-type bismuth copper-gold-antimony mineralization in the Gradiste area at the Aljin do mine, associated with altered (chlorite and sericite) gabbro, and which was abandoned after World War II.

In addition, the project contains a number of poly-metallic mineral occurrences. On the basis of the proximity of these occurrences to the margins of the felsic intrusions, the geological setting and the element associations, Raiden believes that a number of these occurrences are related to intrusion activity.

Figure 2 - Stara Planina geology

Historical Work

Prior to the mining during World War II, what exploration or mineral exploitation activities are unknown. After World War II and the termination of  mining, the Stara Planina area was reportedly explored for uranium by former-Yugos lav state agencies which undertook limited exploration.

In the period 2003-2004 previous explorers performed minor copper exploration in the area. Although limited, this exploration activity was the first to document porphyry style potential of the area, on the Gradiste anomaly. Further work was also performed by Reservoir Capital Corp.

Figure 3– Stara Planina hosts a number of different styles of mineralisation. Top left -high grade mineralisation is associated with the, now closed, Aljin Do Cu-Au-Bi mine; Top centre –Cu-Au mineralisation is associated with the Granodiorite intrusive ; Top right Au mineralisation is associated with the structural deformation