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Yugo Metals (ASX:YUG) has made a polymetallic discovery with initial drilling at the Kovacevac prospect within the Sinjakovo project in Bosnia-Herzegovina. Results received for the first three drillholes at Kovacevac include 1.2 metres at 129 grams per tonne (g/t) silver, 11.7% lead and 0.9% zinc from 28.2 metres.
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Drilling is still ongoing at Kovacevac, as well, Yugo’s team confirmed today, with these results suggesting mineralisation is open along strike.
“Our drilling at the Kovacevac prospect has had a strong start. Polymetallic high-grade silver-lead-zinc mineralisation was encountered on the first drill program, which is exactly what explorers hope to see in the early stages of a project,” Yugo’s executive director and interim CEO, Petar Tomašević, said.
He continued: “Polymetallic projects like Kovacevac are particularly attractive because they offer exposure to multiple commodities. Silver provides precious metal leverage, while lead and zinc are essential industrial metals with strong demand in batteries, galvanisation, and infrastructure. A deposit with all three commodities can be resilient to market swings, as revenue streams are diversified.
“The fact mineralisation remains open along strike suggests that mineral system hasn’t been closed off yet, so further drilling could extend the mineralisation. Kovacevac could be shaping up as a promising polymetallic project.”
Drilling commenced at the Kovacevac prospect in November CY25, with four diamond drill holes completed for a total depth of 279m from the first drilling pad.
Another drillhole is planned from the current pad to test the potential extension of mineralisation to the east. The rig will then move to an already prepared western pad to drill a fan of drillholes on the western side of Kovacevac.
The Australian company is cashed up after recently completing a $3.5 million placement to underpin a gold-focused diamond drilling program at Sinjakovo. On November 6, Yugo received a historic VAT refund of approximately $385,000 from the Bosnia-Herzegovina indirect taxation authority (UIO BiH).
YUG is up +3.85%, to 5.4c. Mkt cap $16.01M.
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