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Adriatic Metals PLC
Summary
| Project: | Veovaca | |
|---|---|---|
| Deposit: | Veovaca | |
| Location: | Bosnia And Herzegovina | |
| Commodities: | Zinc-Lead-Silver-Gold | |
| Date: | 7/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-7-2019: Adriatic Metals PLC announces a Resource Estimation report for its Veovaca deposit at the Veovaca project. Resource update plus drill results incl. 78m @ 2.3% Zn, 1.5% Pb, 68g/t Ag, 0.09g/t Au. Adriatic Metals PLC (ASX:ADT & FSE:3FN) (‘Adriatic | |
| Resources: | (Resource, I+I): 7.4Mt @ 1.4% Zn, 0.9% Pb, 41g/t Ag, 0.1g/t Au | |
| CP/QP: | [Resources]: Dmitry Pertel (CSA Global Pty Ltd.) | |
| ABSTRACT: | Adriatic Metals PLC (ASX:ADT & FSE:3FN) (‘Adriatic’ or the ‘Company’) is pleased to announce that a maiden Mineral Resource estimate has been completed for the Rupice deposit, and an updated Mineral Resource estimate completed for the Veovača deposit, both of which are located close to the mining town of Vareš in Bosnia and Herzegovina. Both resource estimates were completed by CSA Global in Perth, Australia. Adriatic’s Executive Director, Paul Cronin commented: “Historically, few drill holes were assayed for precious metals. Our work since acquiring the project in early 2017 has confirmed that significant resources of precious metals exist within the confirmed base metals resources. The Rupice deposit is world class and our exploration program will be seeking to expand the known mineralisation. Our most recent drill holes suggest that highgrade mineralisation continues to the north and our IP survey has indicated, in conjunction with soil geochemistry that further drilling is required on a number of prospects within our existing and expanded concession area. Regardless, we now have a substantial resource inventory for use in initial scoping studies.” | |
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