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Adriatic Metals PLC
Summary
| Project: | Rupice | |
|---|---|---|
| Deposit: | Rupice | |
| Location: | Bosnia And Herzegovina | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 9/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-9-2018: Adriatic Metals PLC announces an Exploration/Drilling Update report for its Rupice deposit at the Rupice project. Drilling results incl. 28m @ 3.4g/t Au, 271g/t Ag, 0.5% Cu, 5.9% Pb, 10.8% Zn, 61% BaSO4 from 236m. Adriatic Metals PLC (ASX:ADT & | |
| 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 three 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, “It is very exciting that these holes not only expand the mineralised footprint but also continue to confirm the continuity of the thick mineralisation and the very high-grades drilled in our 2017 and 2018 campaigns. They also demonstrate how much opportunity for additional precious metals content exists around the 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 Drill hole BR-10-18 intercepted two mineralised zones with the lower zone being of high-grade mineralisation from 236m downhole depth, over a thickness of 28m. This intercept is located some 140m down-dip from historical drill hole BR-79-89 and interpreted to lie on the west side of the high-grade plunge mineralisation intersected by BR-5-18, located some 30m to the east. The upper mineralised zone, from 190m depth, is 16m thick and of moderate grade. Between the two zones lies a 30m intersection of weakly mineralised breccia. BR-10-18 was planned as a vertical hole but deviated slightly to the east-northeast (52o azimuth). In BR-12-18, high-grade mineralisation was intercepted over an interval of 18m thickness, within a brecciated zone, very similar to the holes drilled during 2017 and 2018. A 2m lens of moderate grade was also encountered above the main lens, from 186m. BR-12-18 was drilled in a south-westerly direction at -82˚ and intercepted the mineralisation from 200m downhole depth. The mineralised interval is located between and to the west of drill holes BR-2-18 and BR-3-18, both of which returned high grades over intervals of 64m and 58m respectively, and provides continuity of high grade some 40m up-dip from these holes | |
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