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- Adriatic Metals (ADT) releases assays for its flagship Vares Silver Project in Bosnia & Herzegovina
- Exploration step-out drilling is underway at Rupice Northwest to confirm whether mineralisation at the Rupice mineral resource continues along strike to the northwest
- Results have been received from three of the five holes drilled to date with up to 546g/t silver, 11.5 per cent zinc, 8.2 per cent lead, 1.9g/t gold and 0.8 per cent copper intersected
- One rig is continuing at Rupice Northwest to define the extensions and continuity of the mineralisation while a further two rigs will complete resource definition and in-fill drilling
- Adriatic Metals is down 2.04 per cent on the market with shares trading at $1.93 at 11:55 am AEST
Adriatic Metals (ADT) has released assays for its flagship Vares Silver Project in Bosnia & Herzegovina.
Exploration step-out drilling is currently underway at Rupice Northwest to confirm whether the mineralisation at the existing Rupice mineral resource continues along strike to the northwest.
Results have been received from three of the five exploration holes drilled so far in the year.
Overall, up to 546g/t silver, 11.5 per cent zinc, 8.2 per cent lead, 1.9g/t gold, 0.8 per cent copper, 0.5 per cent antimony and 77 per cent barium sulphate was intersected.
These results have shown the continuity of the mineralisation as well as extending the previously known mineralisation 105 metres up-dip.
“The combination of excellent exploration results, combined with increased productivity and efficiency of the drilling campaign, provides significant encouragement to our stated strategy of building a long life, high grade and high return mine at Vares,” CEO and Managing Director Paul Cronin said.
“Adriatic will continue to drill and expand this exciting new extension, while also completing our in-fill program to convert more inferred resources into reserves.
“In addition to the success of the drilling campaigns, our aim of bringing the Vares Project to production stage rapidly continues to progress on track and on budget.”
One rig is continuing at Rupice Northwest to define the extensions and continuity of the massive sulphide mineralisation while a further two rigs will complete resource definition and in-fill drilling.
Adriatic Metals was down 2.04 per cent on the market with shares trading at $1.93 at 11:55 am AEST.
