Adriatic Metals confirms extension to mineralisation

By Justin Ware. Published at Oct 1, 2018, in Mining

Adriatic Metals (ASX:ADT) informed shareholders on Friday that it had received assay results from a further three drill holes at Rupice.

Drill hole BR-10-18 continues to expand the high-grade zone around the historic drill hole BR-79-89, with the results as follows:

  • 28m at 10.8% zinc, 5.9% lead, 271 g/t silver, 3.4 g/t gold, 0.5% copper and 61% barium from 236m, which expands the mineralisation to the west

Hole BR-12-18 has confirmed the high-grade nature of the interpreted mineralisation to the south of BR-79-89, returning:

  • 18m at 8.2% zinc, 4.2% lead, 131 g/t silver, 1.4 g/t gold, 0.8% copper and 41% barium from 168m and,
  • 24m at 14.8% zinc, 7.7% lead, 167 g/t silver, 3.7 g/t gold, 0.7% copper and 53% barium from 220m

The company has indicated that drilling is ongoing, with four rigs in operation on site.

ADT Chief Executive Officer Geraint Harris commented on the fresh results, “It is very exciting that these holes not only expand the mineralised footprint but also continue to confirm the continuity of the thick mineralisation the very high-grades drilled in our 2017 and 2018 campaigns.

“They also demonstrate how much opportunity for additional precious metals content exists around the historical drilling, which was mostly not assayed for precious metals. This will provide significant upside once incorporated into our maiden Mineral Resource Estimate at Rupice.”

At the same time, it’s worth noting that this is an early stage play and investors should seek professional financial advice if considering this company for their portfolio.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). 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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