Zagra Licences

Romania

Zagra Licences, Romania

The Zagra licences, comprising Piciorul Zimbrului and Magura Neagra prospecting permits, are located in the Zagra-Telciu area in Bistrita-Nasaud County of Romania (together these sites are referred to collectively as Zagra).

Historical exploration of the Magura Neagra area carried out by the Romanian state exploration company identified five polymetallic veins ranging in widths from 0.3m–5.0m, together with an 800-m long zone of disseminated sulphide mineralisation. Vast is considering its approach to a potential future application for an exploration licence for Zagra.

Status

Care and maintenance / development

Beneficial interest

100%

Resources

Open pit: Measured & Indicated – 3.6Mt at 0.93%, 0.29% Pb, 0.63% Zn, 0.23g/t Au and 24.9g/t Ag Underground: Measured & Indicated – 399kt at 1.58% Cu, 0.78% Pb, 0.83% Zn, 0.13 g/t Au and 14.60 g/t Ag Open pit Exploration Target – 1,063-3,190kt at 0.4-1.1% Cu, 0.1-0.4% Pb and 0.2-0.6% Zn Underground Exploration Target – 7,861-23,583kt at 0.4-1.3%Cu, 0.2-0.7% Pb and 0.3-1.1% Zn
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