Yugo Metals Limited (ASX:YUG) has reported expanded gold intercepts at its Erak Prospect within the Golden Hills Project in Bosnia-Herzegovina, with additional sampling of previously drilled holes returning 30.4m at 1.0 g/t Au in ERDD007 from 66m depth and 19.4m at 0.6 g/t Au in ERDD003 from 91m depth.

Key Points

  • Additional sampling of ERDD007 extended the intercept to 30.4m at 1.0 g/t Au from 66m, up from a previously reported 22.4m at 1.1 g/t Au
  • Additional sampling of ERDD003 extended the intercept to 19.4m at 0.6 g/t Au from 91m, up from a previously reported 3.0m at 0.9 g/t Au
  • Some 40 new samples, including four control samples, were submitted to ALS laboratory in Bor, Serbia for multielement analysis
  • Seven additional diamond drillholes totalling 1,170m are planned from the first drilling pad to test further extensions of mineralisation
  • Positive intercepts remain open in several directions and drilling is in progress at the Erak Prospect

Additional Sampling Program at Erak Prospect

The expanded results were generated by collecting additional samples from two drillholes — ERDD003 and ERDD007 — that had been drilled previously as part of the maiden diamond drilling campaign at the Erak Prospect. Approximately 40 new samples, including four control samples, were submitted for multielement analysis to ALS laboratory in Bor, Serbia. The intercepts are described as likely comparable to true widths, as the target is intersected at a high angle of 80–90 degrees to the target plane. Gold mineralisation is associated with a hydrothermal "phyllic" alteration zone, comprising silica-sericite-pyrite, dipping approximately north at 40–50 degrees.

Golden Hills Project Location and Tenure

The Golden Hills Project is located in the western part of Bosnia-Herzegovina, Europe. The project comprises two exploration licences — Sinjakovo and Jezero — covering a total area of 81 square kilometres. The area is disclosed as prospective for gold, copper, and silver-lead-zinc mineralisation. Yugo Metals holds a 100% interest in the project. The company said it announced a gold discovery at the Erak Prospect from its first-ever drilling on 27 May 2026, with further drilling results subsequently reported on 18 August 2026.

Planned Drilling Activity and Next Steps

Drilling has resumed at the Erak Prospect following a short hiatus during the previous month, according to the filing. Seven additional diamond drillholes, totalling 1,170 metres of planned drilling length, are scheduled to be drilled from the first drilling pad to test further extensions of mineralisation while maintaining a relatively high angle to the target plane. The company disclosed that mineral characterisation and metallurgical studies are in progress. Planned near-term activities also include receipt of all assays from drilling, ongoing reporting, and metallurgical testwork, with drilling at Erak to continue for the remainder of the year.