Key Highlights

  • Additional samples from existing diamond holes have extended the Erak gold intercepts, including 30.4m at 1.0 g/t Au in ERDD007.
  • The new intercepts are comparable in near-true width to the previously reported best result of 36.1m at 2.3 g/t in ERDD006.
  • About 40 new samples, including four control samples, were sent to ALS for multi-element analysis.
  • The mineral characterisation and metallurgical studies are in progress, and drilling continues.

Yugo Metals Limited (ASX:YUG) has reported additional results from its maiden diamond drilling program at the Erak prospect, part of its 100% owned Golden Hills Project in Bosnia-Herzegovina. The announcement dated 11 November 2026 says new samples taken from two earlier holes have increased the width of previously reported intercepts.

The wider intercepts

The updated results include 30.4m at 1.0 g/t gold in ERDD007 from 66m. Yugo said the width of the new results, measured close to true thickness, is comparable to the previously reported best result of 36.1m at 2.3 g/t gold in ERDD006. The company said the positive intercepts remain open in several directions.

The additional samples were taken from ERDD003 and ERDD007, two holes drilled earlier, and about 40 samples including four control samples were submitted to ALS for analysis. The company said the work added sampling without new drilling.

What the change means for grade

The company’s figures show that the wider intercepts carry lower average gold grades than the earlier best result. A 30.4m interval at 1.0 g/t is a lower-grade zone than 36.1m at 2.3 g/t, so the widening comes at the cost of average grade in that part of the system.

Yugo’s CEO said the sampling has kept costs under control and improved the potential for an expanded resource. The company has not yet released an updated resource estimate, so any link to a larger resource remains a potential rather than a figure.

Next steps

Mineral characterisation and metallurgical studies are in progress, and drilling is continuing. Yugo said results from new drill holes will be reported when they are available.

The project covers 81km² across two exploration licences in Bosnia-Herzegovina. The company describes the area as prospective for gold, copper and silver-lead-zinc mineralisation.

Final Word

The additional samples have widened the Erak intercepts while lowering the average grade in the wider zone, and the company has used the work to support its drilling plan. Results from the new holes, the metallurgical studies and any updated resource estimate will show whether the Erak system can be expanded beyond the current intercepts.