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Gold Mining Exploration “Oberzeiring Polymetallic Project”

Oberzeiring, Austria
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    Gold Mining Exploration “Oberzeiring Polymetallic Project”

    TBD

    Description

    Austria is a very mining-friendly country. The Austrian governments plan for mineral resources even served as a blueprint for a notice of the EU to its member states: “In the EU the regulatory framework has to be structured in such a way as to encourage a supply with mineral resources from European sources.”

    • 99 granted claims near the village of Oberzeiring on a total area of about 35 km2
    • In medieval times Oberzeiring was one of the largest silver mines in the Eastern Alps with well known high gold, copper, lead and zinc contents in ore
    • Flooding of mine workings in 1361 caused mining activities to cease and attempts over the last few centuries to dewater the mine have proved unsuccessful due to the inadequate technology available during that time
    • Recorded grades of up to 114 g/t gold and 4,000 g/t silver

    • About hundred artisanal mine workings are found near the medieval mining capital within the Project property area that appear to be associated with strong magnetic and IP geophysical anomalies

    • Mineralization rich in Au-Ag-Sb-Cu-Zn-Pb-Fe-Barite, also Ge-Ga-In, classified as critical raw materials in EU
    • September 2019 verification sampling associated with the preparation of a technical NI 43-101 report yielded values up to 6.4 g/t gold and 384 g/t silver

    • The district as a whole has never been the subject of any modern exploration work or any comprehensive diamond drilling programs.
    • Good contacts with local authorities & landowners, resuming mining activities is welcomed in the region

    Detail

    Updated on May 29, 2021 at 2:53 pm

    Property ID:L#20210100
    Property Type:Mining
    Property Status:For Sale
    Asking Price: TBD
    Gross Revenue:TBD
    EBITDA:TBD
    Country:Austria
    City: Oberzeiring
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