After 7 Months, A NR
Black Sea Copper & Gold Receives Ministry Approvals for Comprehensive Exploration Program at its Kalabak Project, Bulgaria
October 23, 2017
Vancouver, B.C., October 23, 2017. Black Sea Copper & Gold Corp. (TSX-V: BLS, OTCQB: BLSSF) (“Black Sea” or the “Company”) is pleased to announce that following the issuance of its formal license, the company has now signed a 3 year Exploration Agreement (the “Agreement”) with the Ministry of Energy for its 100% owned Kalabak project. This Agreement has been followed with approvals from Bulgaria’s Ministry of Environment and Water allowing the Company to commence its comprehensive exploration program at Kalabak.
Upcoming Exploration Program: Black Sea will immediately undertake a program of structural mapping, soil and rock sampling over 10 kilometres of prospective host rocks and areas of regional structural complexity targeting Ada Tepe style epithermal mineralization. Once completed, target areas will progress through geophysics and possible trenching of mineralized structural zones before defining drill targets. A ground magnetics survey will be carried out over the porphyry target to better delineate its size before additional IP geophysics is undertaken to advance the target to the drill testing stage.
Kalabak Overview: The Kalabak property is located approximately 10 kilometres north of the Ada Tepe deposit (6.20 Mt @ 4.04 g/t Au, 2.22 g/t Ag)1. The host stratigraphy at Ada Tepe and areas of structural complexity are preserved over an area 10 kilometres long at Kalabak and present a compelling regional target for epithermal mineralization. Results from the 2016 field mapping and sampling campaign at Kalabak confirmed the presence of a porphyry environment and discovered three new structural zones with mineralization and vein textures indicative of an epithermal environment and have reinforced the possibility of Ada Tepe style mineralization on the project.
Geological Setting: The Kalabak license is underlain by metamorphic basement rocks of the Kesebir-Kardamos Metamorphic Dome that are unconformably overlain by sedimentary rocks of the Shavar Formation. At Kalabak the Shavar Formation typically forms units ranging from coarse conglomerates to interbedded sandstone, siltstone, marl and limestone. Tertiary intermediate to felsic intrusive rocks are intruded into and overlie both of these units. The Ada Tepe epithermal deposit is hosted proximal to detachment faults at the basal contact of the sediments with the gneissic complex.
Mineralization and Alteration: Kalabak contains an open-ended quartz-sericite-pyrite alteration zone cut by structurally-controlled gold +/- base metal mineralization. This alteration zone abuts sheeted to stockwork quartz veins with centerline magnetite-pyrite-chalcopyrite, which cut secondary biotite altered quartz diorite porphyry intrusions. Quartz vein stockworks and quartz sericite pyrite alteration is consistent with a prospective porphyry target while bladed quartz after calcite textures in veins hosted in sediments with clay alteration are indicative of low-sulphidation epithermal mineralization opening up the possibility that Kalabak could host both styles of mineralization.
Qualified Person: Rory Kutluoglu, B.Sc. P.Geo., a Qualified Person as defined by National Instrument 43-101, has read and approved all technical and scientific information contained in this news release. Mr. Kutluoglu is the Company’s Vice President of Exploration.