Adriatic Metals unearths high-grade extension in Balkans
Finfeed presents this information for the use of readers in their decision to engage with this stock. Please be aware that this is a very high risk stock. We stress that this article should only be used as one part of this decision making process. You need to fully inform yourself of all factors and information relating to this product before engaging with it.
Rupice is an advanced exploration project that displays exceptionally high grades of base and precious metals.
Encouragingly, the first hole in ADT’s 2018 campaign has returned a combination of the highest grade and thickest intercept to date — 64m at 4.6g/t gold, 537g/t silver, 0.9% copper, 7.7% lead, 10.8% zinc, 46% barite.
These initial results confirm the consistency of the previously drilled, high-grade northern zone at Rupice, suggesting exceptional growth potential.
Drill hole BR-2-18 was drilled in a westerly direction at -60 ̊ to test the down dip and down plunge extension of high-grade mineralisation intersected in ADT’s 2017 drilling program — specifically, hole BR-1-17. The intersection represents an 80 metre down dip extension and a 50 metre down plunge extension from BR-1-17.
The mineralisation is very visible and consists of galena, sphalerite, chalcopyrite and barite hosted within brecciated sediments which are typically strata bound and dipping at 50 ̊ to the east.
The results include:
Of course, as with all minerals exploration, success is not guaranteed — consider your own personal circumstances before investing, and seek professional financial advice.
Previously, ADT also undertook a sampling program at the dumps of Juresvac Brestic (JB Zone) — the site of an historic exploration adit. Assays have now been received, and these confirm a significant gold grade in these samples.
Compellingly, the tenor of this mineralisation is similar to that observed at Rupice, providing confidence that the source of mineralisation may be related in both zones. ADT will undertake further exploration to determine the potential continuity of these zones within the geological corridor between them.
ADT CEO, Geraint Harris, said: “The results from BR-2-18 are exciting in a number of respects: firstly, we have revealed the continuation of thick mineralisation on an 80m step out hole, which has the potential to add significant tonnes to any future resource. Secondly, we have assays confirming that this extension has grade continuity in excess of the exceptionally high grade precious and base metals content of BR-1-17, which make these some of the highest grade polymetallic results on the ASX.”
“The presence of high grade gold in the dumps at Jurasevac gives us further confidence in the JB Zone as a high grade polymetallic deposit in a style similar to Rupice. Our first holes at the JB Zone are currently underway and the drilling target coincides with a strong geochemical soil anomaly and a significant gradient array IP (GAIP) signature,” Harris added.
Notably, ADT is one of the few independent near-term zinc development companies on the ASX and the first and only company on the ASX with exposure to Bosnia and Herzegovina.
This seems to be reflected in its upwardly moving share price, which is currently up 14.7 per cent at 19.5 cents.
The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.
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.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.