Announcement Date: 2022-01-11
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: 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. 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. The stratigraphic sequence and mineralisation style at Rupice Northwest appears to be the same as that seen at Rupice. Whether this is a continuation of the main Rupice orebody, or a structural repetition, is yet to be determined. The mineralisation at Rupice Northwest is continuous along strike to the northwest, as seen from the drill hole data in holes BR-02-21, BR-12-21 and BR-19-21.
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