Adriatic Metals PLC has announced that it has received assay results from six drill holes from the programme at Rupice. Figure 1 illustrates a plan view of the drilling locations.
Highlights from the latest drilling results:
• Hole BR-01-19 and BR-04-19 drilled to test the down-plunge continuation of the high-grade mineralisation into the northern extension of the new Concession returned:
30m @ 9.7% Zn, 5.2% Pb, 265g/t Ag, 4.6g/t Au, 0.4% Cu, and 43% BaSO4 from 246m (BR-04-19), and
16m @ 13.7% Zn, 10.0% Pb, 241g/t Ag, 1.6g/t Au, 1.0% Cu, and 52% BaSO4 from 240m (BR-01-19).
• Hole BR-02-19 and BR-03-19 drilled to test the southern extension of high-grade mineralisation to the south in an area previously untested, returned:
24m @ 2.3% Zn, 1.9% Pb, 158g/t Ag, 1.0g/t Au, 0.4% Cu, and 35% BaSO4 from 236m (BR-03-19), and
12m @ 2.2% Zn, 3.7% Pb, 294g/t Ag, 3.0g/t Au, 0.3% Cu, and 40% BaSO4 from 230m (BR-02-19).
Adriatic’s Executive Director, Paul Cronin commented: “These drill hole results released today demonstrate that the high-grade mineralisation drilled up to the old Concession boundary in 2018 continues north into the new Concession area returning exceptional grade, continuity and thickness of the mineralisation. The drilling has extended mineralisation some 45m from BR-17-18 our most northern hole of the 2018 drill campaign, and drilling continues in the northern plunge zone some 65m into the new Concession area.
At Rupice South our drilling continues to return high-grade intersections that extend our mineralisation a further 45m into areas previously untested. The focus of our drilling this year has been to complete holes up-dip and down-dip on each northerly step-out, to provide a more robust contextual understanding of the deposit.
At Rupice we will continue drilling both north and south before declaring a Maiden Resource Estimate whilst metallurgical, geotechnical and hydrogeological studies currently underway will feed into a Scoping Study and ultimately a Feasibility Study. Our geo-physical survey is also underway, and will assist in identification of more specific drill targets at Jurasevic-Brestic and Borovica”
Overview
The most northern drill hole BR-04-19 intercepted a thick zone of high-grade and hanging wall mineralisation over 30m returning 9.7% Zn, 5.2% Pb, 265g/t Ag, 4.64g/t Au, 0.4% Cu and 43% from BaSO4 246m. Significantly, based on samples returning greater than 5% lead and zinc, the following interval is reported:
• 22m at 12.4% Zn, 6.7% Pb, 337g/t Ag, 6.06g/t Au, 0.4% Cu and 57% BaSO4 from 252m.
This thick and high-grade interval is the down dip continuation of the mineralisation intersected in BR-01-19 which was the first drill hole into the untested new Concession area which returned the following interval:
• 16m at 13.7% Zn, 10.0% Pb, 241g/t Ag, 1.69g/t Au, 1.0% Cu and 52% BaSO4 from 240m.
The interval for samples greater than 5% lead and zinc is:
• 10m at 21.3% Zn, 14.8% Pb, 263g/t Ag, 1.42g/t Au, 1.4% Cu and 31% BaSO4 from 246m.
Drilling continues at the project so we’ll stay tuned for the next update, but for now things look very promising. For further information on Adriatic Metals visit their website https://www.adriaticmetals.com/
About Adriatic Metals:
Adriatic Metals plc is a UK based Exploration and Development Company, and owner of the Vares Mining Concession in Bosnia and Herzegovina, via its 100% owned subsidiary company, Eastern Mining d.o.o.
The Vares Project contains two advanced exploration deposits, Veovaca and Rupice, which have previously been mined for Lead, Zinc and Barite. Operations ceased prior to the commencement of hostilities in the Balkans in the early 1990s. The deposits have been subject to extensive exploration, and contain significant quantities of Lead, Zinc, Silver, Gold, Copper and Barite. The precious metals were irregularly assayed during exploration, but were present in produced concentrates.
