MB Project - 02 Assets
The MB Project (100% Sultan owned) is in the eastern part of Montenegro located a few kilometres from the town of Mojkovac in the municipality of the same name. It has a population of 4,120 (2003 census) and lies approximately 100km from the capital city of Podgorica. Mojkovac is linked by rail and road between Podgorica and Belgrade, Serbia.
The MB Project ore field (100% Sultan owned) is a significant mineralized region and consists of many mineral occurrences including a number of medium to large individual deposits:
- Bskovo
- Zuta Prla;
- Visnjica;
- Razvrsje; and
- Igriste.
These deposits all occur within 5 kilometres of each other.
There has been no real exploration since the late 1970’s and work from 1976-1991 consisted of mining and development work at Brskovo and Zuta Prla. There has been no follow up work at other deposits such as Visnjica and there is considered to be excellent potential to further expand these deposits and to make new discoveries.
The near surface deposition of mineralised zones at Brskovo and Visnjica permits easy mining by conventional open cut methods.
The ore bodies of the Brskovo ore field occur within the Bjelasic metallogenic region which is situated at the contact of an over thrust of Carboniferous and Permian sediments onto the Triassic formations. The ore bodies are hosted by Middle Triassic felsic volcaniclastic and carbonate rocks and consist of massive to semi-massive sulphide bodies with sphalerite and galena being the major ore minerals.
