Total
0
Shares
Adriatic Metals (ASX:ADT) - CEO & Managing Director, Paul Cronin
CEO & Managing Director, Paul Cronin
Source: 121 Mining Investment Events
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Adriatic Metals (ADT) has intersected massive sulphide mineralisation in the south-eastern extension of the Rupice deposit in Bosnia
  • Significant results include 2.40 grammes per tonne gold, 398 grammes per tonne silver, and 3.16 per cent lead
  • Strong results from three other holes confirmed the continuity of mineralisation throughout the deposit
  • Despite COVID-19, the company will continue with exploration and drilling
  • Adriatic Metals is up a slight 1.64 per cent and shares are trading for $1.24 each

Adriatic Metals (ADT) has intersected massive sulphide mineralisation in the south-eastern extension of the Rupice deposit.

The Rupice deposit is part of the Vares project in Bosnia.

Hole BR-02-20 was drilled as part of the southern extensional drilling program at Rupice and it is the deepest mineralised intersection drilled to date.

Significant results from this hole include; 8.9 metres at 2.40g/t gold, 398g/t silver, 1.79 per cent zinc, 3.16 per cent lead, 0.35 per cent copper, and 45 per cent barium sulphate from 368.5 metres.

These results confirm the mineralisation extends both down-dip and south towards the Jurasevac-Brestic deposit.

To test the continuity of the mineralisation, additional holes BR-06-20, BR-07-20, and BR-09-20, were drilled in the central portion of the Rupice deposit.

These holes were also designed to confirm the structural and geological model of the deposit, as well as provide geotechnical information for Adriatic’s pre-feasibility studies.

Results from these holes include 10.2 metres at 5.81g/t gold, 876g/t silver, 8.65 per cent zinc, 5.94 per cent lead, 0.50 per cent copper, and 69 per cent barium sulphate from 323 metres.

“The latest drill results show that mineralisation at Rupice continues down-dip to the south of the deposit, and remains open to the south, north, east and at depth,” Managing Director and CEO Paul Cronin stated.

“The infill confirmation drilling completed in the central part of the deposit confirms continuity of grade and supports our understanding of the geological and structural complexities of the deposit,” he said.

Despite restrictions from COVID-19, drilling and exploration works are continuing at the Vares project.

Four drill rigs are currently operating, two are drilling mineralised extensions at Rupice and the other two are testing the newly defined Jurasevic-Brestic.

Adriatic says results will be released once they have been analysed.

“With the winter months behind us, we will now look to expand our mineralisation in the northern plunge, whilst continuing to test the southern and depth extents,” Paul said.

“Drilling and exploration works continue as per normal despite the current limitations due to the COVID-19 pandemic, with little interruption to daily activities,” he added.

Adriatic Metals is up a slight 1.64 per cent and shares are trading for $1.24 each at 10:58 am AEST.

ADT by the numbers
More From The Market Herald

" Moho Resources (ASX:MOH) eyes $1.51m & enters agreement with Whistlepipe

Mining company Moho Resources (MOH) has completed a bookbuild to undertake a $1.51 million placement.
The Market Herald Video

" ASX debutant Eastern Metals (ASX:EMS) to develop former Kidman Resources’ projects

Eastern Metals (EMS) began trading on the ASX today after raising $6 million through its IPO.

" Desert Metals (ASX:DM1) highlights PGEs at Innouendy

Desert Metals (DM1) has identified platinum group elements (PGEs) at the Innouendy project in Western Australia.
Auroch Minerals (ASX:AOU) - Managing Director, Aidan Platel

" Auroch Minerals (ASX:AOU) to begin drilling at Ragless Range

Auroch Minerals (AOU) will begin a diamond drilling program at the Ragless Range zinc target at its Arden Project in South Australia.