Location
Status
Date partnered
Project type
The BHP-Mundoro Central Timok Project is a strategic copper-gold exploration project covering 418 sq. km in the world-class Timok Magmatic Complex of Serbia. Partnered with BHP, the project targets high-potential porphyry and epithermal systems within a region hosting some of Europe’s largest deposits.
With over C$ 15.4 million invested in high-resolution geophysics and geochemical data, exploration is rapidly advancing across 20+ targets. Current operations are focused on a 12,000m drilling program designed to test Tier-1 targets and expand known mineralization zones.
Location and access
Timok is one of the most prolific metallogenic domains in the Tethyan Belt, hosting several significant deposits and major producing mines, including the Čukaru-Peki Deposit. The project area benefits from excellent year-round road access, proximity to the major mining hub of Bor, and established high-voltage power and water infrastructure.
Geophysics
IP (Induced Polarization): Over 230 line km of survey data used to identify disseminated sulfide mineralization typical of porphyry systems.
CSAMT: Strategic deep-sensing electromagnetic surveys (over 260 line km) conducted to map structural controls and alteration zones at depth.
Multi-Physics Integration: Complementary Ground Magnetics and Passive Seismic data sets (covering 100+ sq km) are being used to refine drill targeting and reduce discovery risk.
Drilling
Between 8,000m – 12,000m of diamond drilling is planned for 2026. This program is designed to test high-priority targets generated from the 2023–2025 geophysical campaigns, focusing on potential extensions of known mineralized trends and blind deep-seated targets.
Option Agreement
NSR royalty
Annual option payments
Milestone payments
Operator fees
Exploration expenditures
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Head office
Vancouver, Canada
Field offices
Bor, Serbia
Belgrade, Serbia
Wilcox, Arizona USA
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