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Adriatic Metals PLC
Summary
| Project: | Rupice | |
|---|---|---|
| Deposit: | Rupice | |
| Location: | Bosnia And Herzegovina | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 6/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-6-2018: Adriatic Metals PLC announces an Exploration/Drilling Update report for its Rupice deposit at the Rupice project. Drilling results incl. 36m @ 4.4g/t Au, 463g/t Ag, 0.5% Cu, 4.3% Pb, 5.7% Zn, 55% BaSO4 from 214m. Adriatic Metals PLC (ASX:ADT) ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Annett (Independent) | |
| ABSTRACT: | Adriatic Metals PLC (ASX:ADT) (‘Adriatic’ or the ‘Company’) is pleased to announce that it has received the assay results from the second hole completed in its 15,000m drilling program at Rupice. Drill hole BR-3-18 was drilled in a south-westerly direction at -60˚ to test the down dip and down plunge extension of the high-grade mineralisation intersected in the Company’s first drill hole of its 2018 drilling program, namely BR-2-18. The intersection represents an 80m down dip extension from BR-5-17, drilled by the Company in 2017. BR-3- 18 was collared 30m to the north of BR-2-18. The Company is currently drilling BR-5-18 which is collared a further 30m north of BR-3-18. The Company’s drilling is testing the northerly extensions of the Rupice North mineralisation where there is no historical drilling. In BR-3-18, the mineralisation occurs as two high grade lenses, separated by 12m of weakly mineralised breccia. The upper intersection is 36m thick and the lower intersection 22m thick and both show increasing lead and zinc grades with depth. Note that the down hole depth and true thickness appear to be approximately the same however, as the geology information is limited this relationship may change (refer to Figure 4). The mineralisation appears to be dominantly strata-bound and hosted within brecciated sediments dipping approximately 50 degrees to the east. Consistent with the BR-2-18 hole, the BR-3-18 mineralisation is very visible and consists of galena, sphalerite, chalcopyrite and barite. The results for BR-3-18 are shown in Table 1. Adriatic’s Chief Executive Officer, Geraint Harris commented, “BR-3-18 represents another significant extension to the north and notably down dip at the Rupice North Zone. As we continue to step out our drilling, we significantly expand our knowledge of this very exciting thick and highly mineralised zone, which remains wide open in several directions. Our current drill program is advancing well, and the early results have been quite spectacular, both in terms of grade, thickness and extension. We continue to drill, both at the Rupice North Zone and the JB Zone, and look forward to updating our shareholders on further results in due course”. The location of BR-3-18 relative to the historical drilling and the Company’s 2017 drilling is shown in Figures 2 to 4 below, on both plan, cross section (X-X’), and oblique section (Y-Y’) respectively | |
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