Initial results from Adriatic Metals PLC’s (ASX: ADT & FSE:3FN) from holes from its current exploration programme have significantly extended the known mineralisation at the Rupice deposit in Bosnia and Herzegovina.
Paul Cronin, Adriatic’s Managing Director and CEO, said positive assay results from drill holes BR-27-19, BR-37-19 and BR-43-19 extends the mineralisation some 200m down-dip and outside of the current ore block model (OBM).
Importantly, the mineralisation remains open down dip and to the south.
A further drill hole, BR-39-19, – the deepest hole in the norther extensions of the Rupice mineralisation – intersected an upper lens of 58m of low-grade mineralisation (including 2 intervals of internal waste and a further two lower lenses of 8m and 6m respectively.
The drilling in the northern extension is over 80m along strike and outside of the current OBM. The mineralisation remains open to the north.
Mr Cronin said drilling continues at both the Rupice deposit and the Jurasevac-Brestic prospect.
Drill hole BR-43-19 is the deepest drill hole to date in the southern extensions of the Rupice mineralisation and may represent another substantial thickening of the Rupice mineralisation as it extends to the south into untested ground returning:
- 16m @ 1.96g/t Au, 350g/t Ag, 5.3% Zn, 3.4% Pb, 0.5% Cu and 47% BaSO4 from 330m including:
- 10m @ 2.83g/t Au, 536g/t Ag, 7.4% Zn, 4.8% Pb, 0.5% Cu and 60% BaSO4
“The latest drill results in the southern extensions of the Rupice deposit clearly demonstrate that the high-grade mineralisation continues outside our current Mineral Resource and south towards our Jurasevac-Brestic prospect a further 500m to the southeast.
“This is our deepest high-grade intercept to date at Rupice and given its location to the east of the current mineralisation, opens the deposit to re- interpretation of the structural controls that have led to the thickest and highest grade results on the eastern down dip extent.”
Adriatic Metals PLC holds a 100% interest in the Vareš Project in Bosnia and Herzegovina. The project comprises a historic open cut mine at Veovača and brownfield exploration at Rupice.