Announcement Date: 2023-02-27
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Adriatic Metals PLC
Project name: Vares
Location: Bosnia & Herzegovina
Commodities: Gold,Silver,Copper,Lead,Zinc,Antimony,Barite
Highlight: Drilling results incl. 34.5m at 183.1g/t Ag, 14.88% Zn, 8.11% Pb, 1.12g/t Au, 0.94% Cu, 36.6% BaSO4, 0.18% Sb from 211.8m
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 previously announced on the12 January 2023, exploration drilling intersected high-grade mineralisation in drill holes BR-11-22, BR-14-22, BR-15-22, BR-16-22, BR-18-22, BR-20-22, BR-22- 22 and BR-23-22, located 85m to 250m northwest of the existing RMR. Subsequently, the Company has focused exploration activities on testing this potential Rupice northwest extension (“Rupice NW”) with continued success. Results from new drill holes BR-25-22, BR-26-22, BR-27- 22, BR-28-22, BR-29-22, BR-30-22 and BR-32-22 are detailed. Drill hole BR-26-22 extended the previously known mineralisation to 130m width as well as confirmed continuity within the Upper Zone of mineralisation. Drill holes BR-25-22, BR-27-22, BR29-22 and BR-30-22 extended the previously known mineralisation 30m down-plunge of drill hole BR-04-22, infilling the gap between BR-04-22 and the northern cross-section.
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