Adriatic extends high grade mineralisation at Rupice

By Meagan Evans. Published at Aug 29, 2018, in Mining

Adriatic Metals PLC (ASX:ADT) today announced that it has received assay results from three drill holes from the current infill drilling program at its high-grade Rupice deposit.

The drilling confirms a further high-grade and thick intercept, extending mineralisation to the northwest at Rupice.

Two of the drill holes — BR-7-18 and BR-8-18 — continue to demonstrate thick and high-grade mineralisation that confirms further continuity with earlier drilling results and the ability to further expand Rupice. The previous mineralisation boundary was expanded to the northwest, beyond the known drilling, further demonstrating the tremendous potential of this deposit.

Plan Map showing the location of drill holes BR-1-18, BR-7-18 and BR-8-18
Plan Map showing the location of drill holes BR-1-18, BR-7-18 and BR-8-18

Drill hole BR-8-18 was drilled in a south-westerly direction at -75 ̊ and intercepted high-grade mineralisation from 206m downhole depth, over a thickness of 16m. This intercept is located some 60m to the northwest of the nearest drill-hole, BR-5-18 and therefore further extends the known mineralisation.

BR-8-18 returned 16m at 1.6g/t gold, 136 g/t silver, 1.1% copper, 4.0% lead, 6.5% zinc and 10m at 51% barium sulfate from 206m.

In BR-7-18, high-grade mineralisation was intercepted over an interval of 18m thickness, within a brecciated zone, very similar to the holes drilled during 2017 and 2018. BR-7-18 was drilled in a south-westerly direction at -65 ̊ and intercepted the mineralisation from 228m downhole depth. The mineralised interval is located some 50m up-dip from BR-2-18 and confirms continuity of thick and high-grade mineralisation between BR-2-18 and the historical drill hole BR-75-86, a distance of 100m.

Drill hole BR-7-18 returned 18m at 2.6g/t gold, 201 g/t silver, 0.5% copper, 4.5% lead, 9.2% zinc and 62% barium sulfate from 228m.

Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.

Cross section showing BR-1-18 and BR-7-18
Cross section showing BR-1-18 and BR-7-18

ADT’s CEO, Geraint Harris commented, “Both BR-7-18 and BR-8-18 continue to demonstrate thick and high-grade mineralisation that confirms further continuity with our 2017 and 2018 drilling results and the ability to further expand Rupice. It is also exciting to see the previous mineralisation boundary expanded to the northwest, beyond the known drilling; which further demonstrates the tremendous potential of this deposit”.

The drilling program continues on schedule with four rigs in operation.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

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