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Thursday, 28th July 2005 (4339 views)

Eastern Mediterranean Resources Public (EMED) has been granted an exploration license in Slovakia.<br/><br/>The license covers a large section of the Stiavnica-Hodrusa mineral district in Slovakia and EMED will be the first company to test systematically for large bulk-mineable, near-surface disseminated styles of mineralisation in the region.<br/><br/>According to Mining Weekly, the Cyprus-based group has also been granted a license over the Zlatnicky prospect in Slovakia, where gold mineralisation has been discovered at surface, though the area has seen little past production or exploration.<br/><br/>EMED managing director Harry Anagnostaras-Adams said: "Stiavnica-Hodrusa is a world-class mineral district with huge historical polymetallic production. Remarkably, it has not been tested for several mineralisation styles that are prominent in major mines internationally, especially near-surface disseminated gold styles such as the porphyry-skarn type of mineralisation."<br/><br/>"Our entry into Slovakia has been a text-book case of investment being facilitated by a well organised regulatory and national administrative system," he added.<br/><br/>Underground mines in the Stiavnica-Hodrusa mineral district have yielded an estimated total of 2,4-million ounces of gold from narrow veins.<img alt="track" src="http://feeds.directnews.org.uk/feedtrack/dn.gif?feedid=196&itemid=14015138"/>

 

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