Previous sampling back in 2011 indicates that the tailings contain economic quantities of minerals, including 4,080 tons of copper, 6,640 tons of zinc, 3,100 tons of lead, 35 tons of silver and 309 kg of gold.
According to the company, drilling commenced this week at the 4.6Mt tailings dam at Faneata, which is comprised of approximately 40 years of tailings from the high grade Baita Plai. Drilling is anticipated to take six weeks and independent assay results are expected in the first quarter of 2017.
Vast Resources was founded in late 2005 and its core activity consists of exploration of mineral deposits in Zimbabwe and Southern Africa. In addition to the activity in Africa, in May 2013, Vast Resources has turned its attention to Romania, in view of developing its business strategy.