Yugo Metals has reported promising initial drilling results at its Kovacevac prospect, revealing high-grade polymetallic mineralisation that could underpin a resilient multi-commodity project.
- High-grade silver, lead, and zinc intersected in first three drillholes
- Best intercept – 1.2m at 129 g/t silver, 11.7% lead, 0.9% zinc
- Polymetallic mineralisation associated with barite veins open along strike
- Drilling ongoing with multiple scout holes planned
- Project offers exposure to battery and precious metals in Europe
Strong Start at Kovacevac
Yugo Metals Limited (ASX – YUG) has kicked off its drilling campaign at the Sinjakovo Project in Bosnia-Herzegovina with encouraging results from the Kovacevac prospect. The initial three drillholes have intersected polymetallic mineralisation featuring high grades of silver, lead, and zinc, signalling a promising start for this early-stage exploration program.
The standout result came from drillhole KVDD001, which returned 1.2 metres grading 129 grams per tonne silver, 11.7% lead, and 0.9% zinc from a depth of 28.2 metres. This intercept is particularly notable given the drilling direction was nearly orthogonal to the mineralised barite vein, suggesting a robust mineralised system.
Polymetallic Potential and Geological Context
The polymetallic nature of the mineralisation is a key attraction for Yugo Metals, offering diversified exposure to precious and base metals. Silver provides precious metal leverage, while lead and zinc are critical industrial metals with growing demand in battery technology, galvanisation, and infrastructure. This combination could provide resilience against commodity price fluctuations.
Geologically, the mineralisation is associated with gently dipping barite veins within brecciated marbly limestone. The drilling results indicate that the mineralised zone remains open along strike, with ongoing drilling aimed at testing extensions both laterally and at depth. The presence of historical mining tunnels intersected in one drillhole adds an intriguing dimension to the project’s exploration narrative.
Next Steps and Market Implications
Drilling continues from multiple pads at Kovacevac, with several short scout holes planned to delineate the extent of mineralisation. Yugo Metals’ Executive Director and Interim CEO, Petar Tomašević, emphasised the significance of these early results, highlighting the potential for Kovacevac to evolve into a substantial polymetallic project.
Situated in Europe’s highly prospective Tethyan metallogenic belt, the Sinjakovo Project benefits from proximity to infrastructure and transport routes feeding into the continent’s battery manufacturing supply chain. This strategic positioning enhances the project’s appeal amid the global push for battery metals and sustainable energy solutions.
While these initial results are promising, they remain early-stage, and further drilling and assay verification will be critical to fully assess the project’s resource potential and economic viability.
Bottom Line?
Yugo Metals’ Kovacevac prospect is shaping up as a polymetallic opportunity worth watching as drilling advances.
Questions in the middle?
- How extensive is the polymetallic mineralisation beyond the initial drillholes?
- What will subsequent assay results reveal about grade continuity and resource potential?
- How might evolving market demand for silver, lead, and zinc impact project economics?