The company said it drilled about 1,200 meters of oriented, diamond core holes across the two targets, and epithermal mineralization encountered at both targets is polymetallic based on sulfide observations and portable X-ray fluorescence readings.

Key mineralized intervals have been sampled and assays are pending, the company said, adding that it will report the complete lithogeochemical assays after receiving the entire laboratory data.

"We will proceed towards testing the main Ag-Sb-Zn-As-Bi soil anomaly with additional drillholes. Simultaneously, we shall continue to push ahead with meaningful step-outs at the Chumavichi system towards NW. Our drilling team is set to resume the phase III operations in January, immediately after the laboratory assays are released to the public," Chief Executive Aleksandar Miskovic said.

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