Panzendorf

East Tyrol, Austria

Land Package Area

123 km²

"Freischurfen" (Exploration Licenses) Awarded

Company Ownership

100%

Project Overview

The Panzendorf Project is located in East Tyrol, Austria, between Sillian and Mittewald an der Drau. The license area includes the historical Panzendorf, Villgraten, and Tessenberg mines. Initial exploration targeting has been defined by known mineral occurrences and historic copper and pyrite mining records.

The deposits within the Turntaler Quartz Phyllite Zone are polymetallic, stratiform massive sulphide deposits of volcanic-sedimentary character (VMS). The ore carriers are elongated deposits, veins, and lenses in sequences of quartz phyllite, chlorite schist, and black shale.

Project Highlights

131 rock chip samples collected to date in initial prospecting and sampling, with initial assay results returning up to 2.2% Cu, 0.3 g/t Au, 54 g/t Ag, 1.9% Zn, 0.9% Pb.
Outcropping mineralization identified at Tessenberg and Gerichtsbachgraben, highlighting visible malachite and chalcopyrite.
Initial soil and ground magnetic surveying completed in Q4 2024.
Early evidence suggests that the various historical mining activities in this region were isolated operations on a larger VMS system.

Area Acess

Außervillgraten and Panzendorf are situated on the western slope of Stulperrast, in the eastern foothills of the lower Villgraten Valley. The former is at an elevation of 1,600 metres above sea level, while the latter is located at the exit of the Villgraten Valley, 1 km north of Heinfels Castle. Road access is generally good and nearly all sampling points can be reached by 4WD, and all are accessible on foot.

The main targets across this licence have been defined by known mineral occurrences and historic copper & iron mining records.

Geographic Coverage

EMEX’s Panzendorf licence area, including the three mines Panzendorf, Villgraten and Tessenberg, is located north of the East Tyrolean Puster Valley, between Sillian and Abfaltersbach (north of the highway between Lienz and Sillian). The Tessenberg adits/tunnels are situated at elevations ranging from 1,750 to 2,100 metres above sea level on the eastern slope of Stulperrast, high in the right flank of the Hinterberger Turnbach stream, east of Morgenrastl (2,142 metres).

History

Geology

Ore Hosting

Elongated ore bodies and lenses.

Host Rock

Volcanogenic-sedimentary sequences of quartz-phyllite, chlorite-schist, and black shale.

Primary Mineralogy

Pyrite, pyrrhotite, and chalcopyrite.

Associated Mineralogy

Galena, Fe-rich sphalerite, aresonpyrite.

Featured Sample

Exploration Targeting

Tessenberg and Gerichtsbachgraben VMS target – Anomalous geomagnetic and geochemical signature identified over approximately 1.8 km of strike. Massive sulfide mineralized outcrops identified within this trend in both the micaceous phyllite and amphibolite units.
Villgraten and Panzendorf targets – Float identified up to 2.2% Cu, outcrop up to 1.8% Cu, with notable Pb, Zn, Au, Ag values. Appears to be within the same or associated system as the Tessenberg and Gerichtsbachgraben VMS target.
Abfaltersbach, St. Oswald, and Obertilliach occurrences – Historical occurrences and mining operations for antimony, copper, lead, and tungsten.

Work Program

Completed Through Q4 2024

Field Mapping and Reconnaissance.
Rock Chip Sampling – 131 samples collected and assayed to date.
Soil Orientation Surveys and Sampling – Tessenberg.
Ground Geophysical Surveys – Magnetometry and Induced Polarization / Resistivity.
Georeferencing and 3D modelling of the various historical workings.
Exploration target modelling and drill hole planning.

Planned For 2025

Stakeholder engagement and drill program permitting through the Austrian Mining Authority.
Maiden drill campaign at the Tessenberg VMS target.
Airborne Geophysics – Magnetics + Electromagnetics.
Reconnaissance and sampling within the remainder of the exploration license area.