Location
Čajniče, Bosnia & Herzegovina
Exploration
Ni, Cu, Mo, Zn, Pb Ag, Au, Li, REE

About the project

The Cajnice licence is located in the east of BiH within Čajniče municipality close to the border with Montenegro. The town of Cajnice is situated immediately to the south of the licence area and easily accessed by tarred road from Sarajevo (120 km to the northwest), Belgrade in Serbia (270 km to the northeast) and Podgorica in Montenegro (200 km to the southeast).

Lykos believes that there is potential for discovery of economic copper, lead and zinc mineralisation at Cajnice. Gold anomalism within the granitic outcrops and elevated lithium-REE values within the Permian sediments also offer the potential for new discoveries.

Historical exploration identified Fe-Cu(±Sb±Pb±Zn±Au) vein hosted mineralisation contained within the Permian schists and proximal to the Triassic aged granite in the central part of the licence area while the Pb-Zn-(Fe±Cu±Sb) mineralisation appears more distal to the granite and hosted in the Permian and Triassic sediments. Historically the exploration was largely focussed on the iron potential and the area is thus largely under explored for its base metal potential.

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Prospects

Based on historical and recent analysis.

Mineralisation and Deposit Types

The mineralisation within the licence area comprises a number of vein-hosted deposits intruded into the Permian and Triassic sedimentary rocks. The mineralisation within the veins ranges from Fe dominant to Fe-Cu to Fe-Pb-Zn across the project area in Prospects 1-4 and based on the data available appears dependent on the distance from the Triassic aged amphibole-bearing granites and to a lesser extent the host lithology.
  • Gold mineralisation is also potentially associated with the Triassic aged granites based on heavy minerals concentrates from granite samples taken within Prospect 1 and 2.
  • Recent field work conducted in 2020 also identified elevated lithium and rare earth element values within the Permian sandstones in Prospect 5. Further work is required to assess the significance of this.