Adriatic Metals PLC (ASX:ADT) is accelerating its drilling activities at Rupice and Jurasevac-Brestic deposits at its Vareš Project in Bosnia & Herzegovina, following the receipt of further promising assay results.
Paul Cronin, Adriatic’s Managing Director and CEO, said results from drill hole BR-49-19 – the final hole drilled in 2019 campaign – produced the highest-grade intercept drilled at Rupice to date.
“The latest drill results continue to extend the known mineralisation at Rupice and provide valuable information needed to continue to assess the structural controls inherent in this world class deposit.
“We have mobilised four rigs following the holiday break to continue to chase this mineralisation to the south and at Jurasevac-Brestic as well as commence exploration drilling at the Veovača satellite prospects where soil sampling and historical drilling data warrants further drill testing. A great start to 2020.”
Drill hole BR-49-19 is the most southern drill hole drilled at Rupice and it successfully intersecting robust mineralisation approximately 15m south of the closest
Mr Cronin said mineralisation remains open up dip and to the south into previously untested ground outside of the current ore block model.
Further drilling in 2020 will target the western side of the interpreted fault to test for the continuation of the known mineralisation.
Drilling at the Jurasevac-Brestic prospect intersected a sequence of brecciated and laminated sediments returning anomalous lead and zinc mineralization with visible pyrite. This style of mineralisation is indicative of what has been seen on the fringes of the high-grade zones at Rupice.
Mr Cronin said the prospect is structurally complex and the information obtained from this recent drilling will enable better targeting of high-grade mineralisation during the 2020 exploration programme.