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Adriatic Metals PLC
Summary
| Project: | Rupice | |
|---|---|---|
| Deposit: | Rupice | |
| Location: | Bosnia And Herzegovina | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 1/16/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2020: Adriatic Metals PLC announces an Exploration/Drilling Update report for its Rupice deposit at the Rupice project. Drilling results incl. 11.3m @ 16.06% Zn, 9.82% Pb, 4.37g/t Au, 406g/t Ag, 1.0% Cu, 50% BaSO4 from 244.7m. Adriatic Metals PLC (AS | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Phillip Fox (Not stated) | |
| ABSTRACT: | Adriatic Metals PLC (ASX:ADT, LON:ADT1) ("Adriatic" or the "Company") is pleased to announce that it has received assay results from a number of holes from its programme at Rupice and Jurasevac-Brestic. Figure 1 illustrates a plan view of the drilling locations. Paul Cronin, Adriatic’s Managing Director and CEO commented, “The latest drill results continue to extend the known mineralisation at Rupice and provide valuable information needed to continue to assess the structural controls inherent in this world class deposit. We have mobilised 4 rigs following the holiday break to continue to chase this mineralisation to the south and at Jurasevac-Brestic as well as commence exploration drilling at the Veovača satellite prospects where soil sampling and historical drilling data warrants further drill testing. A great start to 2020.” Drill hole BR-49-19 was the final hole drilled in 2019 campaign. It is the most southern drill hole and the highest grade intercept drilled at Rupice to date, successfully intersecting robust mineralisation approximately 15m south of the closest hole BR-41-19, released on 28 November 2019. Mineralisation remains open up dip and to the south into previously untested ground outside of the current ore block model. Previously reported drill hole BR-41-19 intersected the central part of this mineralised zone. The two new drill holes being reported; BR-49-19 and BR-44- 19 have confirmed the up-dip and down-dip extensions of the zone intersected by BR-41-19 (Figure 2). | |
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