We are pleased to inform our investors, business partners, citizens, and authorities of Republic of Srpska about the exceptional results of geological exploration in Jezero municipality.
Geological exploration carried out by Lykos Balkan Metals and its subsidiary SNK Metali found gold deposits on different lithological units at a location in Jezero municipality. In this very early stages of exploration, this findings can be safely considered one of the best in the entire area of Bosnia and Herzegovina and the Balkans.
At the locations where the gold deposit was discovered, the concentration of this precious metal reaches an incredible up to 27.5 grams per ton in a continuity of 60 meters, which is an unusually high concentration even for world-famous gold mines. All samples were tested in an accredited laboratory and after these discoveries, it can be safely said that there is a very high potential for continued geological research.
The geological potential of the municipality of Jezero is also an exceptional investment potential, and in 2023 it is expected that the company Lykos Balkan Metals will obtain additional funds worth 60 million KM, which will be mostly invested, directly and indirectly, in the project in the municipality of Jezero. New investments will significantly affect the development of this municipality and the quality of life of its inhabitants, as well as the improvement of economic conditions and the development of the Republic of Srpska and Bosnia and Herzegovina. We are particularly pleased by the fact that these results open up space for further cooperation and socially responsible actions.