Adriatic’s CEO said that for Rupice the company will declare a maiden resource estimate in the first half of this year.
Adriatic Metals (ASX:ADT) has announced that it has received assay results from several drill holes from the programme at Rupice in Bosnia and Herzegovina.
As highlighted in the press release:
- Hole BR-36-18 drilled to test the down-dip extent of mineralization intersected in BR-3-18 returned: 72m at 18.3 percent zinc, 10.7 percent lead, 211 grams per tonne (g/t) silver, 2.5 g/t gold, 2.5 percent copper, and 25 percent barium sulfate from 206m.
- Hole BR-25-18 drilled to the south of historic hole BR-76-89 in an area previously untested, returned: 46m at 12.7 percent zinc, 9.6 percent lead, 309 g/t silver, 4.1g/t gold, 1.0 percent copper, and 40 percent barium sulfate from 218m.
- Hole BR-32-18 drilled 35m to the west of BR-25-18 in an area previously untested intersected two mineralized lenses, the lower one returned: 20m at 8.2 percent zinc, 5.6 percent lead, 479 g/t silver, 4.1 g/t gold, 0.5 percent copper, and 60 percent barium sulfate from 228m.
- Hole BR-33-18 drilled 25m to the east of BR-25-18 in an area previously untested intersected two mineralized lenses, the lower one returned: 36m at 4.9 percent zinc, 3.2 percent lead, 306 g/t silver, 2.7 g/t gold, 0.5 percent copper, and 45 percent barium sulfate from 228m
- Hole BR-35-18 drilled 35m to the SE of BR-25-18 in an area also previously untested intersected two mineralized lenses, the lower one returned: 32m at 2.1 percent zinc, 2.6 percent lead, 220 g/t silver, 2.0 g/t gold, 0.2 percent copper, and 32 percent barium sulfate also from 228m.
CEO of Adriatic, Geraint Harris said:
“Our focus in early 2019 will be to extend the high-grade zones to the north and south-east and also to improve our understanding of the system between Rupice North and Jurasevac-Brestic. At Rupice we will declare a maiden resource estimate in the first half of this year. Also, metallurgical, geo- technical and hydro-geological studies are underway, which will feed into a scoping study, the exploitation permit application and ultimately a feasibility study. We look forward to a busy, and successful 2019.”