Prospech Limited are a precious and base metals exploration company focussed on the growth and development of their existing project pipeline across Slovakia. Their 6 100%-owned exploration licenses, a mix of brownfields and greenfields targets, are located in the prolific Tethyan magmatic arc and a proven major gold-silver epithermal centre. As well as precious metals, properties in their portfolio are prospective for lead, tungsten, antinomy, and zinc. As of Q4 2020, multiple targets are drill ready awaiting fundraising from their IPO on the Australian Securities Exchange. The abundance of epithermal targets within their licenses plays to their strengths as the company has a team experienced in epithermal projects. Their focus on Slovakia is benefitted from the country’s geography, low cost manufacturing base and integral mining industry, as well as its employment of EU legal, accounting, and political frameworks. Its membership to the EU further provides support for their exploration of tungsten and antimony which are designated critical raw materials by the EU.
Hodrusa-Hamre is one of the exciting projects Prospech are currently exploring. The 29km2 project area lies in a multimillion-ounce gold-silver field and while there was historical base metal production, precious metals remain underexplored until now. Prospech intersected gold-silver mineralisation in all drill holes of their 2019 program and have found samples at 7.80 g/t gold. The license area is host to some 120 epithermal veins, the most significant of which can extend for up to 6km strike length. The epithermal system is located in a large caldera on the flanks of which lie Prospech’s other projects. This genetic relationship between their project areas is a key advantage for the company as they can establish regional-scale geological models to advance exploration targets and appreciate large-scale prospectivity. Exploration activity so far is demonstrating the large size and high-grade potential of Prospech’s projects.