Irish exploration company Navan Mining said today its gold drilling programme at Ada Tepe in Krumovgrad, Bulgaria, has produced "spectacular results".
"The Krumovgrad prospect continues to exceed our expectations. The recent drill results confirm the high grade nature of Ada Tepe," said Navan chief executive Mr Brian Calver.
In a statement this morning, the company said the current phase of drilling will be extended into the summer months.
The deposit remains open ended and appears to be expanding in potential as the step-out drilling progresses. It is expected that drilling on the nearby Synap prospect will start in June, it said.
Trenching and drilling continues and it is expected that further results will be published monthly, the statement said.