Leading Edge Materials Corp. subsidiary signs contractor agreement with mining company
by CM Staff
RMM initial focus will be on the works needed to proceed with opening of mining galleries to enable underground exploration work over the winter season.
Leading Edge Materials Corp. subsidiary signs contractor agreement with mining company
VANCOUVER — Leading Edge Materials Corp. announces that the Company’s 51% owned Romanian subsidiary, LEM Romania SRL, signed a General Works Contractor agreement with Radioactive Mineral Magurele SA, a state owned company under the Ministry of Energy.
RMM initial focus will be on the works needed to proceed with opening of mining galleries to enable underground exploration work over the winter season. RMM has experience for exploration activities locally and has all necessary permits to perform those according to the highest technical and safety standards. Services provided by RMM during past prospecting work were key to making that work a success.
Filip Kozlowski, CEO of the Company states: “Signing this agreement with Radioactive Mineral Magurele SA is an important step forward in our exploration work in Romania. These galleries form part of the historical exploration and are understood to cut through sections of known cobalt, nickel, copper and silver intersection based on former miners and geologists who previously worked on the license. Access to these galleries will help kick start our exploration program enable face mapping and drilling from underground. Our experience from having contracted their services in the past have only been positive and our geologists have been very impressed with their professional conduct and detailed technical knowledge around the specifics of the work required to progress our work on the Project.”
Over the last couple of months, the LEMR’s team of geologists have performed geological mapping work based from the established exploration camp in the Leucii Zone in the south-western area of the license perimeter.
The objective with the mapping work is to investigate petrographic, structural, alteration, and mineralization data with the latter especially located in a carbonate lithology. The prime target has thus been to contour and describe the carbonate horizon around the area and also structural elements like fault zones.
The Project is developed by Leading Edge Materials through its 51% owned local Romanian joint-venture subsidiary, LEM Romania SRL, with a local Romanian arm’s length part owning the residual 49%.
