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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:10/18/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:18-10-2018: Adriatic Metals PLC announces an Exploration/Drilling Update report for its Rupice deposit at the Rupice project. Drilling results incl. 66m @ 2.4g/t Au, 187g/t Ag, 0.5% Cu, 4.9% Pb, 9.5% Zn from 204m. 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 from a further four drill holes from the current programme at Rupice. Figure 1 illustrates a plan view of the drilling locations. Adriatic’s Chief Executive Officer, Geraint Harris commented, “BR-17-18 continues to confirm the continuity and down dip extension of the thick and high grade mineralisation drilled in our 2017 and 2018 campaigns. Our drilling is providing an excellent understanding of the nature of our high-grade zone as it extends well beyond the historical drilling to the north and to the very limit of our licence. They also demonstrate the opportunity for additional precious metals content, when adequately sampled within the area of historical drilling, which was mostly not assayed for precious metals. This will provide significant upside once incorporated into our maiden Mineral Resource Estimate at Rupice”. OVERVIEW Mineralisation is interpreted to be dominantly strata-bound and hosted within brecciated sediments dipping approximately 45o to the northeast of Rupice. Consistent with most of the drill-holes of the 2017 and 2018 campaigns the mineralisation is visually distinct from the host rock and consists of galena, sphalerite, chalcopyrite and barite. The mineralised intervals of the drill holes are shown in Table 1. Drill hole BR-17-18 intercepted a thick zone of high-grade mineralisation from 204m downhole depth, over a thickness of 66m. This intercept is located some 35m down plunge from BR-5-18 and approximately the same distance down dip of BR-10-18 both of which returned high-grade intervals of 66m from 210m, and 16m and 28m from 190m and 236m, respectively (Table 2). The hole was drilled in a south-westerly direction at -81o . BR-15-18 and BR-16-18 targeted the up-dip continuation of the mineralisation away from and to the west of the high-grade zone and both holes intercepted two zones of breccia of similar thicknesses; an upper zone from around 178m of 15m thickness, and a lower zone from 195m to 210m, both of which are mineralised with high-grade mineralisation intersected over 8m from 194m and 2m from 196m respectively. The holes were drilled in a southwesterly direction at -81˚ and -68˚ also provide gold and silver information which was not assayed for in the nearby historical drill hole BR-79-89.

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