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Serbia

Nevlje Property

The Nevlje Property covers 62 km2, and is located 10 km south of Demitrovgrad in southeast Serbia. Empire Mining - Nevlje Project, Serbia The property is adjacent to and immediately across the border from Teck Cominco's and Euromax' Trun gold project in Bulgaria.

The Nevlje license area occurs within the productive Tethyan Belt which contains the Bor (7.94 billion lbs of copper, 3.5 million oz. of gold) and Majdanpek (13.2 billion lbs of copper, 10.6 million oz. of gold) porphyry copper-gold mines and contains similar geologic elements.

Historic exploration at Nevlje, limited to surface prospecting, trenching and two short drill holes, has identified porphyry-style disseminated and skarn copper mineralization with assay values up to 1.7% copper in altered volcanic rocks. The area of widespread copper showings at Nevlje is also coincident with a strong magnetic anomaly which is believed to reflect a buried intrusive body.

Empire has commenced detailed field work on the license, including mapping, soil geochemistry and geophysics in order to develop drill targets for future drilling.

 

Kursumlija Property

The Kursumlija copper property covers 62 km2, located immediately northwest of the Lece mining district and 320 km south of Belgrade in southern Serbia.

Empire Mining - Kursumlija Project, Serbia

The license area contains swarms of copper-bearing veins and zones of disseminated copper mineralization generally related to the margins of northwest-elongated gabbro and diabase bodies and a coincident magnetic anomaly. Limited historic exploration, carried out in the 1950's and 1960's by state companies, identified at least forty individual mineralized veins with grades ranging from 0.18 to 9.91% copper across thicknesses of 1 to 3.5 metres. An area of hydrothermally altered gabbro, with associated disseminated copper mineralization, has also been defined over a surface area of 2 km2 near the village of Trebinja. There has been no drilling within the license area.

Empire has commenced an initial field program designed to evaluate the known mineralized showings within the license area and prospect for others. The program includes geologic mapping, soil and rock geochemical surveys and possible geophysics to define drill targets.

 

 

Empire Mining - Serbia

Serbia is located in the southeastern Balkan region of Europe.

Serbia formed part of the six member communist Socialist Federal Republic of Yugoslavia which as a consequence of the fall of the Berlin Wall in 1989, began to disintegrate in 1991 and ultimately culminated in the creation of a new constitution for the Republic of Serbia in 2006 when Montenegro seceded from what remained of the then loose federation of the two republics known as the Federal Republic of Serbia and Montenegro. In February 2008, the autonomous province of Kosovo declared itself independent of Serbia. In October 2008, the majority of UN states backed Serbia in its judicial action again Kosovo, with the aim of determining whether the secession was legal.

Serbia is a member of the United Nations, the Organization for Security and Cooperation in Europe, and the Council of Europe, which it presided over in 2007. It is also a potential candidate for membership in the European Union.

Although hampered by war, and, UN sanctions in 1992-95, Serbia's economy has been slowly recovering since the breakup of the Federal Republic of Yugoslavia. Since 2000, Serbia's democratic government has implemented stabilization measures and embarked on a more aggressive market reform program. A major policy objective in Serbia is to provide a legal framework to attract investment to exploration and mining. Ambitious laws on privatization, foreign investment and concession rights have been implemented or are awaiting final approval. Important amendments to the Mining Law of 1984 were adopted in 2006, however, a comprehensive new Mining Law was drafted with the assistance of the World Bank and is expected to be enacted by parliament in 2009.

Mining in Serbia dates back to the Middle Ages when silver, gold and lead were extracted. There are many mineral deposits and major occurrences distributed throughout the country and today copper along with lead, zinc and bauxite are the main metallic ores mined in Serbia with the majority of the copper production coming from deposits in the Timoc (Bor) District in northeastern Serbia and lead and zinc production coming from the Kopaonik District in south-central Serbia.

The recent increase in commodity prices, the recovering Serbian economy and political stability have led to an increase in mining and in mineral exploration, particularly gold and copper exploration.

Links:
- Serbia (CIA World Factbook)
- Serbian Mining Law
- Ministry of Mining and Energy

 


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This page was created on Mon Sep 6, 2010 at 7:14:42 PM Pacific Time.