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St Charles Resources Inc ( (TSE:ZLTO) ) has issued an update.
BULGOLD has confirmed the discovery of the Kopernica Vein System within the North East Block of its Lutila Gold Project in Slovakia, defining a 1,000 by 500 metre area centred on a 700-metre Main Vein with encouraging gold and silver assays from surface sampling and initial drilling. Geological work indicates a 250–300 metre “gold window” that will allow future drillholes to be kept under 250 metres, cutting exploration costs while also testing additional hanging wall splay and parallel West Vein structures, positioning the company as a stronger growth candidate in the regional epithermal gold market.
Drilling at the separate Horna Klapa target failed to intersect quartz veining or rhyolite dykes, refining BULGOLD’s exploration focus back toward Kopernica and its emerging vein network. The project’s location between two large, long-lived epithermal vein systems underscores the potential strategic value of a new discovery here for both the company and investors, given the region’s long history of significant precious metals production.
More about St Charles Resources Inc
BULGOLD Inc. is a Toronto-based exploration company focused on epithermal gold and silver deposits in Central Slovakia. Its flagship Lutila Gold Project covers 32.2 square kilometres and targets underground, high-grade quartz veins situated between the historic Kremnica and Banska Štiavnica precious metals districts.
Average Trading Volume: 64,310
Technical Sentiment Signal: Sell
Current Market Cap: C$2.81M
Find detailed analytics on ZLTO stock on TipRanks’ Stock Analysis page.