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Adriatic Metals PLC
Summary
| Project: | Rupice | |
|---|---|---|
| Deposit: | Rupice | |
| Location: | Bosnia And Herzegovina | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 7/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-7-2018: Adriatic Metals PLC announces an Exploration/Drilling Update report for its Rupice deposit at the Rupice project. No significant assay results returned. Adriatic Metals PLC (ASX:ADT) (‘Adriatic’ or the ‘Company’) announces that it has received | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Annett (Independent) | |
| ABSTRACT: | Adriatic Metals PLC (ASX:ADT) (‘Adriatic’ or the ‘Company’) announces that it has received the assay results for BR-4-18 and has completed the drilling of BR6-18, both of which were drilled on the eastern flank of the Rupice North area. The location of these aimed to better understand and test an area of possible structural complexity, as first observed in hole BR-2-17 drilled in 2017, where brecciation returned only weak mineralisation. This is part of the Company’s 15,000m drilling program at Rupice. Drill holes BR-4-18 and BR-6-18 were drilled in a south-westerly direction at – 80o and – 85o and to depths of 337.3m and 367.6m respectively. BR-4-18 intersected weak brecciation between 249.4m and 298.8m with some visible pyrite mineralisation, and from 278.2m over a down hole length of 20.6m weak pyrite and sphalerite (zinc) mineralisation. The assayed interval from 230m to 256m returned no significant mineralisation. Based on initial visual assessment, BR-6-18 has intersected little to no brecciation. Adriatic’s Chief Executive Officer, Geraint Harris commented, “the current drill programme including the recent three holes has enhanced our understanding of the stratigraphic and structural controls on mineralisation at Rupice North. We will further investigate the eastern flank of Rupice North based on the data to hand. This information will help us to understand the down-dip potential at Rupice and whether these holes represent an isolated embayment in the mineralisation or a more significant eastern boundary. However, the mineralisation remains very much open in all directions, and we eagerly await the results for BR-5-18 which sought to test the down plunge extension. We now have 3 rigs on site with a 4th to arrive by month’s end to ensure that we have the capability to thoroughly drill test Rupice in all directions; with the intention of expanding the known mineralisation footprint. The programme will also include infill drilling within the area of known mineralisation to enable us to include all metals in a maiden Mineral Resource Estimate within the first half of 2019”. | |
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