- Step-out drilling at Adriatic Metal’s (ADT) flagship silver project in Bosnia and Herzegovina has hit a “high grade” mineralised intersection
- Drill hole BR-02-21 intersected 2.1 metres at 576 grams of silver per tonne (g/t) silver equivalent from 338.6 metres, including 6.8 metres at 655g/t silver equivalent
- The company says it is unclear whether this mineralisation is an extension of mineralisation or a separate zone
- ADT hopes drilling at the Rupice Deposit within the Vares project will increase its known resource
- Adriatic Metals shares are up 3.86 per cent to trade at $2.96 at 11:30 am AEST
Step-out drilling at Adriatic Metals’ (ADT) flagship silver project in Bosnia and Herzegovina has given way to a “high grade” mineralised intersection.
The company is undertaking exploration drilling at the Rupice Deposit within the Vares Silver Project. ADT hopes exploration will increase the known resource at depth and along strike.
Drilling is currently targeting the northern area of the prospect, where hole BR-02-21 intersected 2.1 metres at 576 grams of silver per tonne (g/t) silver equivalent from 338.6 metres, including 6.8 metres at 655g/t silver equivalent 80 metres northwest of the existing resource.
Adriatic said it had yet to determine whether this mineralisation was an extension of the previously defined Rupice orebody or a separate ore zone entirely. However it did note its style was in keeping with the previous orebody.
Adriatic Managing Director and Chief Executive Officer Paul Cronin said the company had not previously had the resources to test the extent of the deposit.
“Rupice mineralisation appears to extend further northwest than we’d expected, so in case of continuing extensions to the northwest, we have made an application to extend our concession area boundary further in this direction,” he said.
Adriatic said the drilling program at Rupice would continue with three diamond core drill rigs set to focus on testing the extents of the Rupice orebody.
Adriatic Metals shares were up 3.86 per cent to trade at $2.96 at 11:30 am AEST.