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Adriatic Metals release positive assay results


Published 22-JUN-2018 14:01 P.M.


2 minute read

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Zinc polymetallic explorer Adriatic Metals (ASX:ADT) has received assay results from its second completed drillhole as it continues its 15,000 metre drilling program at Rupice North.

Rupice North is part of ADT’s zinc polymetallic Vareš Project located in Bosnia and Herzegovina.

The Vareš Project comprises a historic open cut zinc/lead/barite and silver mine at Veovaca and Rupice. The project has shown exceptionally high-grades of base and precious metals.

Adriatic’s short-term aim is to expand the current JORC resource at Veovaca and to complete an in-fill drilling program at the high-grade Rupice deposit.

It still has some way to go to meet these aims, so investors should seek professional financial advice if considering this stock for their portfolio.

It has gone some way to meeting its Rupice ambitions with the release of today’s assay results.

Drilling has returned high grade and thick intercepts north of the current zone of mineralisation.

Results include:

  • 36m @ 4.4 g/t Au, 463g/t Ag, 0.5% Cu, 4.3% Pb, 5.7% Zn, 55% BaSO4from 196m (BR-3-18), and
  • 22m @ 4.1 g/t Au, 258g/t Ag, 0.8% Cu, 7.5% Pb, 12.8% Zn, 56% BaSO4from 244m (BR-3-18).

The second hole, 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 ADT’s first drill hole of its 2018 drilling program – BR-2-18.

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The intersection represents an 80m down dip extension from the 2017 drilled BR-5-17. ADT is currently drilling BR-5-18 which is collared a further 30m north of BR-3-18.

Current drilling is designed to test the northerly extensions of the Rupice North mineralisation where no historical drilling has ever been conducted.

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.

The BR-3-18 mineralisation is very visible and consists of galena, sphalerite, chalcopyrite and barite. The minersalised zone is highlighted in the map below:

Next Investors Image

ADT CEO 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.”

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