Balkan Mining and Minerals Ltd (ASX: BMM) is set to commence drilling on its Rekovac Lithium – Borate Project in Serbia.
The site selected for REK_003 is approximately 2.5km ESE from REK_002 where analcime components have been found at surface. Presences of analcime within the lake sediments which indicate permissive depositional environments associated with active volcanism, create conditions for entrapment of volatile elements in concentrated waters.
Managing Director, Ross Cotton, said the mapping programme also identified prospective, intercalated, lacustrine sediments comprised chiefly of marlstone, claystone, and siltstone.
“I am proud of the team to have again delivered this key milestone on time,” Mr Cotton said.
“We are continuing to demonstrate that we are committed to getting on with our work programmes in an expedient and cost-efficient manner and I look forward to meeting the team in Serbia tomorrow to assist with the Rekovac drilling.
“What is particularly pleasing is our successful engagement with the local community and stakeholders who continue to support BMM, as has been shown by the land access agreement. This is testament to our ongoing environmental, social and corporate governance that are key part of our ongoing strategy.”
Balkan Mining and Minerals is focused on the early-stage exploration through to development of borate and associated lithium in the Balkans.
The company’s Projects comprise the Rekovac, Dobrinja and Pranjani Lithium-Borate Projects which are located within the Republic of Serbia.
For further information please visit: https://balkanmin.com/