Yugo Signs Contract for 1,000m Gold Drilling Program at Sinjakovo
Yugo Metals has finalised preparations and signed a contract to commence its inaugural gold-focused diamond drilling at the Sinjakovo project, aiming to validate promising earlier exploration results.
- Drilling contract signed with GIM Geotehnika for up to 1,000m program
- Site earthworks, roads, and pads completed for rig mobilisation
- Drilling scheduled to start late November and finish by December 2025
- Initial assay results expected early 2026
- Exploration targets include gold and antimony mineralisation in a 6km² soil anomaly
Yugo Metals Advances Sinjakovo Exploration
Yugo Metals Limited (ASX, YUG) has reached a significant milestone in its Sinjakovo gold project in Bosnia and Herzegovina by completing all necessary site preparations and signing a drilling contract with GIM Geotehnika D.O.O Banja Luka. This marks the commencement of the company’s Phase 1 diamond drilling program, focused on gold exploration within a highly prospective 6 square kilometre soil anomaly.
The drilling program, planned for up to 1,000 metres with an option to extend, aims to test and validate encouraging results from previous trenching and rock chip sampling campaigns. Earlier trenching revealed intervals such as 61 metres at 1.5 grams per tonne gold and 21 metres at 1.4 grams per tonne gold, while rock chips showed gold grades up to 8 grams per tonne alongside significant antimony values. These findings have been further supported by an Induced Polarisation survey highlighting strong chargeability anomalies near surface, suggesting robust mineralisation potential.
Operational Readiness and Timeline
Yugo Metals has completed the earthworks, road construction, and drill pad preparation necessary to mobilise the rig, with drilling expected to commence in late November 2025. The program is scheduled to conclude by the end of December, with initial assay results anticipated in early 2026. The company’s Executive Director and Interim CEO, Petar Tomašević, expressed confidence in the experienced drilling team and the readiness of the site, signalling a smooth start to this pivotal exploration phase.
Geological Context and Strategic Importance
The Sinjakovo project lies within the Tethyan metallogenic belt, one of Europe’s most prospective mining regions, known for its rich deposits of battery and precious metals. The targeted mineralisation is interpreted as an epithermal gold-antimony system, structurally controlled by early thrust faults and late diatreme breccias, hosted within favourable quartz-porphyry intrusives and carbonate rocks. This geological setting enhances the prospectivity of the drilling targets and aligns with Yugo Metals’ strategy to develop projects close to European battery manufacturing supply chains.
While the drilling program is relatively modest in scale, it represents a crucial step in advancing the Sinjakovo project from surface sampling and geophysical surveys to direct subsurface testing. The results will be closely watched by investors and analysts, as they will inform the next stages of exploration and potential resource definition.
Bottom Line?
Yugo Metals’ upcoming drilling results at Sinjakovo could unlock significant value, setting the stage for further exploration in a promising European gold district.
Questions in the middle?
- Will the initial drilling confirm the high-grade gold and antimony mineralisation suggested by earlier sampling?
- Could positive results lead to an expanded drilling program beyond the initial 1,000 metres?
- How might these exploration outcomes influence Yugo Metals’ valuation and strategic partnerships?
