In August 2021 Finfeed changed from a website that covered ASX listed news to a website
that covered a select range of ASX
listed small cap Biotech stocks that we are personally invested in: find out more.
The old Finfeed website, and all of the old articles are kept here for record keeping purposes.VISIT NEW SITE
Adriatic Metals confirms extension to mineralisation
1 minute read
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.