BULGOLD extends quartz vein occurrence on Lutila Gold Project in Slovakia
From GlobeNewswire: 2025-05-12 10:20:00
BULGOLD Inc. announces results of recent prospecting activity on the Lutila Gold Project in Slovakia, with the exploration license covering an area of 32.2km2. The company has extended the occurrence of quartz vein material to over 1.2km in strike length, indicating strong potential for gold mineralization within epithermal quartz veins.
Recent prospecting activity on the Horna Klapa section of Rhyolite Ridge has revealed quartz lattice bladed textures, evidence of boiling over a distance of 0.7km. The company also uncovered a medieval exploration gallery driving towards the ridge line, containing altered pyroclastic rocks and epithermal quartz vein float.
The Lutila Gold Project is strategically located between two large Au-Ag epithermal systems in Central Slovakia, the Kremnica gold deposit, and the Banska Štiavnica gold-silver ore field. The company aims to target underground, high-grade gold (Au) ± silver (Ag) quartz veins for exploration.
Exploration at the Horna Klapa Sinter Terrace has revealed geyserite textures, indicating proximity to an upflow zone like a vent, geyser, or hot spring. This discovery supports the company’s exploration model for the Lutila Gold Project, suggesting a possible genetic relationship between the sinter terrace and nearby epithermal quartz veins.
The Lutila Gold Project shows potential for high-grade, low-sulfidation epithermal gold mineralization, with historical sampling indicating increased surface gold grades towards lower elevations. The property is located within the same volcanic depression as the Kremnica gold mine, indicating a preserved graben of rhyolite flow domes complexes and sinter fields.
The Slovak Republic, where the Lutila Gold Project is located, is an established mining jurisdiction with a clear regulatory framework and favorable tax rates. The country’s mining industry has a history of significant gold production, making it an attractive destination for mineral exploration projects.
Read more at GlobeNewswire: BULGOLD Extends the Occurrence of Epithermal Quartz Veins