Vast creates new subsidiary and expands Romania footprint

Aim-listed Vast Resources has acquired an indirect interest in a prospective polymetallic mineralisation in the so-called ‘golden quadrilateral’ in the Metaliferi mountains of Romania, through a newly formed subsidiary, EMA Resources, which it intends to list separately. The company announced on Wednesday that it had acquired an indirect 29.41% interest in the Blueberry project – a 7.285 km2 brownfield perimeter project adjacent to the previously producing Baia de Aries mine, which operated until 2004 and is reported to have produced 20% of the historical gold production from the golden quadrilateral.