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GEOLOGICAL EXPLORATION OF ČUKARU PEKI UPPER ZONE CONTINUES

The Ministry of Mining and Energy has granted Rakita permission to extend geological exploration of copper mineralisation and of associated ore mineralisation at the Brestovac‒Metovnica site (Timok Magmatic Complex).

Encouraged by the positive results achieved so far, Rakita continued the surface exploration drilling in June 2018, in accordance with the Ministry’s Decision. Further exploration will include ore mineralisation testing in the area covered by the project, and testing of new areas with potential, covered by the permit.

Seven exploration drill holes are currently active. Ore mineralisation is being tested in four of them while further exploratory drilling is being done in three of them.