Black Sea Copper & Gold Corp announces that following the issuance of its formal license, the company has now signed a 3 year Exploration Agreement with the Ministry of Energy for its 100% owned Kalabak project. This Agreement has been followed with approvals from Bulgaria's Ministry of Environment and Water allowing the Company to commence its comprehensive exploration program at Kalabak.
Black Sea will immediately undertake a program of structural mapping, soil and rock sampling over 10 kilometres of prospective host rocks and areas of regional structural complexity targeting Ada Tepe style epithermal mineralization. Once completed, target areas will progress through geophysics and possible trenching of mineralized structural zones before defining drill targets. A ground magnetics survey will be carried out over the porphyry target to better delineate its size before
The Kalabak property is located approximately 10 kilometres north of the Ada Tepe deposit (6.20 Mt @ 4.04 g/t Au, 2.22 g/t Ag)1. The host stratigraphy at Ada Tepe and areas of structural complexity are preserved over an area 10 kilometres long at Kalabak and present a compelling regional target for epithermal mineralization. Results from the 2016 field mapping and sampling campaign at Kalabak confirmed the presence of a porphyry environment and discovered three new structural zones with mineralization and vein textures indicative of an epithermal environment and have reinforced the possibility of Ada Tepe style mineralization on the project.