| Announcement Date: | 2021-12-06 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Adriatic Metals PLC |
| Project name: | Rupice |
| Location: | Bosnia & Herzegovina |
| Commodities: | Gold,Silver,Copper,Lead,Zinc,Antimony,Barite |
| Highlight: | Drilling results incl. 24.7m @ 181g/t Ag, 9.0% Zn, 4.6% Pb, 0.9g/t Au, 0.3% Cu, 67% BaSO4, 0.1% Sb from 295.1m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Adriatic Metals PLC (ASX:ADT, LSE:ADT1, OTCQX:ADMLF) (“Adriatic” or the “Company”) is pleased to report on recent exploration results at the Company’s flagship Vares Silver Project in Bosnia & Herzegovina. As announced on 10 August 2021, step-out exploration drilling intersected high-grade mineralisation in drill hole BR-02-21, located 80 metres northwest of the existing Rupice Mineral Resource (“Rupice”). Subsequently, the Company has focused exploration activities on testing this potential northwest extension (“Rupice Northwest”) with continued success. As shown in Figure 1, the delineated strike length of Rupice is 650 metres. Recent drilling has now encountered massive sulphide mineralisation as far as 145 metres northwest of Rupice.A further 123 geotechnical drill holes have been completed since the 2021 DFS, underpinning the detailed engineering design and delivery of the Vares Silver Project. Geotechnical drilling activities will be nearing completion in the new year, increasing the drill rig availability for exploration. |
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