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Adriatic Metals PLC
Summary
| Project: | Rupice | |
|---|---|---|
| Deposit: | Rupice | |
| Location: | Bosnia And Herzegovina | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 1/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-1-2019: Adriatic Metals PLC announces an Exploration/Drilling Update report for its Rupice deposit at the Rupice project. Drilling results incl. 72m @ 18.3% Zn, 10.7% Pb, 211g/t Ag, 2.54g/t Au, 2.5% Cu, 25% BaSO4. 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 several 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, “These drill hole results released today continue to demonstrate not only the exceptional grade, continuity and thickness of the mineralisation at Rupice, but also substantially improve our geologic understanding of this unique region. Our focus in early 2019 will be to extend the high-grade zones to the north and south-east and also to improve our understanding of the system between Rupice North and Jurasevac-Brestic. At Rupice we will declare a Maiden Resource Estimate in the first half of this year. Also, metallurgical, geotechnical and hydro-geological studies are underway, which will feed into a Scoping Study, the Exploitation Permit application and ultimately a Feasibility Study. We look forward to a busy, and successful 2019.” BR-36-18 intercepted a very thick zone of high-grade mineralisation over 72m returning 18.3% Zn, 10.7% Pb, 211g/t Ag, 2.5/t Au, 2.5% Cu from 206m, and 46m at 25% BaSO4 from 216m. Significantly, based on samples returning greater than 5% lead or zinc, the following interval is reported: • 56m at 23.2% Zn, 13.6% Pb, 254g/t Ag, 3.0g/t Au and 3.1% Cu from 218m The thick and high-grade interval appears to be the merging of the two high-grade zones intersected 30m up dip in BR-3-18 (Figure 2). BR-36-18 was drilled in a south-westerly direction and reduces hole spacing in this area to a density of 30 x 30m. | |
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