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Adriatic Metals PLC

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Summary

Project:

Rupice

Deposit:Rupice
Location:Bosnia And Herzegovina
Commodities:Gold-Silver-Copper-Lead-Zinc
Date:11/12/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:12-11-2018: Adriatic Metals PLC announces an Exploration/Drilling Update report for its Rupice deposit at the Rupice project. Drilling results incl. 34m @ 3.0g/t Au, 455g/t Ag, 0.5% Cu, 6.8% Pb, 13.3% Zn from 146m. Adriatic Metals PLC (ASX:ADT & FSE:3FN)
Resources:x
CP/QP:[Overall Report]: Robert Annett (Independent)
ABSTRACT:Adriatic Metals PLC (ASX:ADT & FSE:3FN) (‘Adriatic’ or the ‘Company’) is pleased to announce that it has received assay results of two further drill holes from the programme at Rupice. Figure 1 illustrates a plan view of the drilling locations. Adriatic’s Chief Executive Officer, Geraint Harris commented, “BR-24-18 continues to confirm the spectacular precious metals content not previously assayed in the majority of the historical drilling, which will be incorporated into our maiden Mineral Resource Estimate at Rupice.” BR-24-18 intercepted a thick zone of high-grade mineralisation over 34m returning 13.3% Zn, 6.8% Pb, 455g/t Ag, 3.0g/t Au, 0.5% Cu from 146m, and 32m at 63% BaSO4 from 146m. Significantly, the lower half of the intercept contained higher lead and zinc grades and returned the following interval at greater than 10% lead or zinc (Table 1): • 18m at 17.6% Zn, 9.4% Pb, 508g/t Ag, 3.8g/t Au, 0.5% Cu and 52% BaSO4 from 160m BR-24-18 was drilled in a south-westerly azimuth to acquire gold, silver and copper assay data in the vicinity of historical drill hole BR-58-86 (Figure 2). BR-20-18 intersected a sheared sequence of brecciated shales and dolomites with a best interval returning 8m @ 1.1% Zn, 4.2% Pb, 57g/t Ag, 0.4g/t Au and 0.5% Cu from 204m. The eastern boundary of the Rupice mineralisation appears to represent a fault contact as previously reported by the Company (Figure 3). Adriatic is also pleased to report the current progress of hole BR-25-18, which has been drilled to the south of previously reported BR-22-18 (Figure 1, refer to announcement on 1 November 2018) with field observations indicating highgrade mineralisation lower in the sequence and to the east of the current highgrade zone. This may indicate a potential new extension to the Rupice zone that has been the focus of drilling in 2018. The Company will report the assay results when they are received.

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