 |
|
|
|
|
 EMX is focusing its Eastern European exploration efforts in Romania, where the Company was recently granted the Sopot exploration license. The Sopot license occurs in the Banat mineral belt (southern Romania) where previous work by state-owned organizations identified copper and gold skarn-type mineralization.
 At Sopot, results from historic sampling (totaling 151 samples) by state-owned organizations include 33 samples (21.8%) greater than 1 g/t gold (maximum 3.5 g/t) and 1.6% copper. Sopot is EMX's first exploration license in Romania and represents a first step toward building an exciting portfolio in the country.
 Elsewhere in Eastern Europe, EMX continues to pursue additional business opportunities. These efforts are furthest advanced in Macedonia, where a local subsidiary has been registered and applications for two exploration concessions have been submitted for approval.
The Company has recently concluded the sale of the Serbian assets to Reservoir Capital Corporation. The sale to Reservoir for cash, work commitments, a net smelter return royalty, and future payments on the completion of a bankable feasibility study provides EMX's shareholders with continuing upside potential from the Serbian portfolio.
|
|
